Thought Series

2022: Second Quarter Wrap
While the first quarter of 2022 was characterised by uncertainty, the second quarter saw a lot of the concerns fructify. The eye-opener for a lot of investors has been the speed at which regulators, markets and asset classes have acted during this tough economic environment. Some regulators have been quick...
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2022: First Quarter Wrap
The first quarter of 2022 has been perhaps one of the most uncertain quarters in the last decade driven by (1) the Russia Ukrain conflict (energy and food supply disruption); (2) Rising global inflation; and (3) Slowdown in China (zero covid policy). The above factors resulted in correction in prices...
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2021: Final Quarter Wrap
While the last quarter of 2021 witnessed a new, and  subsequently raging Omicron variant, the biggest threat to the global economy was not covid, but rising inflation. The key drivers for inflation have been (1) Rising energy prices; (2) Global trade supply chain bottlenecks; and (3) Quantitive Easing (QE) alongside...
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2021: Third Quarter Wrap
What a volatile year this is turning out to be. Investors across the major financial asset classes: fixed income, equities and commodities have their work cut out. On the macro front, a lack of consensus on the nature of inflation i.e. transitionary or structural has participants guessing the timing of...
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2021: Second Quarter Wrap
The second quarter has been an extraordinary quarter for global equities - fuelled by low interest rates and continued quantitative easing across the US and Europe and the world learning to live with Covid. Central banks revisited acceptable inflation numbers and signalled their comfort with a higher benchmark. Investors are...
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2021: First Quarter Wrap
2021: First Quarter Wrap Our 2020 Last Quarter wrap suggested a mantra for 2021: “don’t chase the market - let it come to you”. The volatility experienced by investors in the first quarter of 2021 gave plenty of heartburn, but also great investment opportunities for those who patiently bought at dips....
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2020: Last Quarter Wrap
2020 has come to a close. To all our readers we hope you have crossed it without any long-lasting scars. While we begin 2021 with renewed optimism hoping 2021 puts the pandemic behind us, there is also a need for abundant caution. Ballooning budget deficits, inflationary pressures and market corrections...
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