Foreword | Issue 60 | 4th Quarter 2021
DID YOU KNOW — EVERYTHING RALLY
The ‘everything rally’ is a phrase that describes the rapid price gains in the past decade of most financial and nonfinancial assets, including shares, bonds, precious metals, industrial and soft commodities, cryptocurrencies, property and even art. The term first started appearing in financial literature some years after the 2008/2009 Global Financial Crisis (GFC).
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THE YEAR IN REVIEW — And what’s in store
Last year kicked off optimistically with the pandemic-stained ‘annus horribilis’ of 2020 left behind. Behind this mini psychological victory there were other reasons for early optimism. NICK CURTIN writes about the year that was and what could be in store for investors in 2022.
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SAFETY FIRST
Foord has often described itself as a ‘safety-first’ fund manager. But what does this mean in the context of investment returns and the stage of the market cycle? PAUL CLUER revisits the concept.
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HOSPITAL STOCKS ON THE MEND
The past two years of living with COVID-19 have started some trends and accelerated others. Trends such as remote working are now well entrenched. Equity analyst DHERSAN CHETTY discusses another developing trend—greater awareness of and need for medical aid cover.
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FOORD EQUITY FUND’S NEW PORTFOLIO MANAGER
We are pleased to announce that WIM MURRAY has been added to the multiple-counsellor manager mix for South African equity mandates. He joins Nick Balkin, Dave Foord and Nancy Hossack as portfolio managers on this strategy, which includes the Foord Equity Fund unit trust.
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BOOK DASH’S MILESTONE TWO MILLION BOOKS
Foord has sponsored the efforts of Book Dash, a local NGO that works to promote literacy and the love of books to all South African children, for three years now. The Book Dash vision is for every child to own a hundred books by the age of five. A massive endeavour, but a feat they are well on their way to achieving—one book at a time.
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MARKETS IN A NUTSHELL
We summarise the market movements for the latest quarter.