US Election Outcomes & an Improving SA Economy

Rezco Asset Management hosted an investment webinar on 8 November 2024, with Chief Investment Officer Rob Spanjaard, Co-Portfolio Manager and Head of Research Simon Sylvester, and Head of Distribution Brian du Plessis presenting views on us election outcomes & an improving sa economy. As a South African asset manager, Rezco explains how macro conditions, valuation and risk control shape unit trust and segregated portfolio decisions.

What this webinar covers

This webinar replay covers US Election Outcomes & an Improving SA Economy and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Managed Plus, Rezco Multi-Asset funds, Rezco SA Equity Fund and related portfolio themes. And of course we can all work out, the impact of, a budget deficit that increases and high interest rates and inflation risk and tariffs.

Key themes discussed

• South African macro and politics
• US elections and policy
• artificial intelligence in investing
• bear markets and recessions
• emerging markets
• equity opportunities

Macro and market context

And of course we can all work out, the impact of, a budget deficit that increases and high interest rates and inflation risk and tariffs. There, there definitely is scope to cut rates and, some, some sentiment that the reserve bank were having to be compensate for politicians who, who were, you get the politicians focused, but lower interest rates and it's another green shoot because you get this stronger currency is good for reducing inflation, helps the, the reserve bank.

Companies, sectors and ideas mentioned

• Apple
• Discovery
• Microsoft
• Naspers
• Standard Bank
• Donald Trump
• Ebrahim Patel
• Jerome Powell
• Federal Reserve
• JSE

Rezco's risk and portfolio views

But the downside case, still has a lot of risk and we don't want to take that kind of risk, in the portfolio. And so your global equities can have kind of a lower volatility and a low drawdown because the rand weaken and rans because the rand weakens when global equities fall. So this is how if you take the value as a percentage of the market, of the, of the top 10 shares, is, is bizarre in a way and that that very dangerous for global markets.