Global Investment View Q1 2019
Your look into the most important investor insights for the quarter
Introduction to the latest quarter
Executive view of the quarter
We still see a supportive economic backdrop, with improved valuations, particularly in emerging markets. This gives us confidence that owning risk assets will be rewarded relative to owning cash or fixed income over our forecast period (18 months).
Download the latest investment insights for Q1 2019
Global politics and economics
Chris Holdsworth provides an assessment into global markets and Lindiwe Mazibuko discusses geopolitical risks that threaten to destabilise the world economy.
Iceberg and opportunities
Lindiwe Mazibuko and Chris Holdsworth discuss major Icebergs facing both the global and local economies and markets in 2019, as well as potential opportunities for the year ahead.
Chris and Lindiwe share their thoughts on Brexit.
Local politics and economics
Chris Holdsworth discusses how emerging markets have been some of the worst effected markets in 2018 and Lindiwe Mazibuko comments on President Cyril Ramaphosa’s first year in office.
Please bear in mind that these are personal views and opinions of the individuals, however in some instances the “house view” has been expressed. The views expressed are subject to change, and no forecasts can be guaranteed. Past performance is no guarantee of future performance. In preparing this presentation, the presenters and the interviewees have made specific assumptions, without independent verification. Other or additional assumptions may lead to different conclusions. Actual results or events may differ materially from those projected, estimated, assumed or anticipated in these scenario.
Investec Wealth & Investment engaged with Lindiwe Mazibuko at our request in order to obtain her independent view and insight.
From an asset allocation perspective, we had been up weighting domestic risk asset classes in a very measured fashion through the year, focussing on expected risk-adjusted returns.
Paul McKeaveney, Chairman of the Asset Allocation Committee, Investec Wealth & Investment SA
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Markets have been given ample time to adjust to the normalising US monetary policy stance and investors are aware that Europe has embarked on the same course.
John Haynes, Head of Research, Investec Wealth & Investment UK and Chairman of the Global Investment Strategy Group
The fall in equities in 2018 has meant that valuations have become less demanding.
Brian Kantor, Chief Economist and Strategist, Investec Wealth & Investment SA
Read the full report for Q1
Find out why we have opted to increase the risk budget score to neutral from moderately negative position and see the domestic asset allocation for this quarter.
More insights from the GISG
Read more articles and thought leadership from the investment experts of the GISG.