Markets in a Nutshell — July 2023

Risk assets rallied again in July, adding to the robust gains achieved in the first half of the year. Early investor worries over everything from US bank failures to global recessions have seemingly faded. We are now seeing a transition from fear back to greed — fuelled by resilient US economic data, slowing headline inflation globally and the enthusiastic buzz around artificial intelligence. Returns were positive across most asset classes and geographies. In a reversal of fortunes, emerging market equities dramatically outperformed their developed market peers in the month.

Markets in a Nutshell podcast — July 2023

In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes discusses what’s happened in global and South African markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

Are There Opportunities in SA Inc. Stocks?

As fund managers, we are always on the lookout for opportunities that can generate good returns. This is true even — or perhaps especially — when sentiment is at its worst. An area of the local market that has received a lot of attention lately for its historical cheapness are ‘SA Inc.’ stocks. Portfolio manager NANCY HOSSACK takes a closer look at prospects for this segment.

Foord MIND OF THE MANAGER

Linda Eedes and multiple-counsellor managers on the Foord Equity Fund, Nancy Hossack and Wim Murray, discuss Foord’s top down and bottom-up investment thinking to expose where they feel the risks lurk and the opportunities lie in the South African equity landscape.

Markets In A Nutshell

ARE THERE OPPORTUNITIES IN SA INC. STOCKS?

CULTIVATING FINANCIAL LITERACY IN THE YOUNG MINDS OF TOMORROW

FOORD’S HIGH CONVICTION CALL ON THE GLOBAL ENERGY TRANSITION

SOUTH AFRICA’S DEBT DILEMMA — RISKS AND OPPORTUNITIES