Nedgroup Investments Insights

Global markets continue to push higher, supported by strong earnings expectations, resilient economic activity, and ongoing enthusiasm for artificial intelligence. But beneath the rally, investors are grappling with a more complex reality of persistent inflation, elevated market leverage and renewed geopolitical tensions.

In this week’s episode, Tumisho Grater, Multi-Management Investment Analyst at Nedgroup Investments, explores what investors should watch as the US earnings season gets underway, why inflation remains a key concern for policymakers, and how rising oil prices and tensions in the Strait of Hormuz could influence the outlook for interest rates and global markets. She also discusses South Africa’s inflation outlook, recent commentary from the SARB, and the factors shaping expectations for local interest rates. LinkedIn · YouTube

Artificial intelligence has become one of the most powerful investment themes in global markets, driving strong equity returns and attracting significant investor attention. But as enthusiasm has grown, so too have questions about concentration risk, crowded trades and market fragility.

In this episode of Inside the mind of a fund manager, host Anil Jugmohan, Senior Investment Analyst, speaks to Mazika Li, Portfolio Manager of the Nedgroup Investments Global Emerging Market Equity Fund.

Together, they unpack the forces driving the AI rally, explore what triggered the recent market correction and discuss why active managers are looking beyond the obvious winners to identify long-term opportunities. Listen for insights on market concentration, liquidity, valuation and how disciplined portfolio positioning can help investors navigate periods of heightened volatility.

The information contained in the podcast was for information purposes and does not constitute advice, recommendation, or an offer or solicitation to purchase or sell any funds or strategies to any person in any jurisdiction in which the offer, recommendation or solicitation would be unlawful.

The opinions expressed are as of the date of publication and subject to change without notice. Any reliance placed on information contained in this material is at the sole discretion of the listener.

All investments involve risks.

For further information about our funds and the full legal disclaimer visit our website www.nedgroupinvestments.com.

Nedgroup may and does seek to do business with the entities discussed in this podcast, so listeners should be aware that there is the potential for a conflict of interest surrounding the objectivity of the podcast. LinkedIn · YouTube

Markets have steadied as lower oil prices ease some inflation concerns, but geopolitical uncertainty remains elevated. In this episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, unpacks the latest developments in the Middle East, their impact on energy markets, and what they mean for investors. He also explores recent moves in global and local equity markets, South Africa’s economic outlook, inflation trends, and the cautious stance being adopted by central banks as policy uncertainty continues to shape the investment landscape. LinkedIn · YouTube

In a market fixated on AI, it’s easy to overlook the infrastructure quietly powering the global economy. In this episode, Mansoor Narker speaks with Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, about why rail networks, and specifically Canadian Pacific Kansas City, offer a compelling long-term opportunity. They explore how scale, network effects and regional trade dynamics create resilient, durable assets that can compound value over time. Listen to the full episode for more investment insights.

The information contained in the podcast was for information purposes and does not constitute advice, recommendation, or an offer or solicitation to purchase or sell any funds or strategies to any person in any jurisdiction in which the offer, recommendation or solicitation would be unlawful.

The opinions expressed are as of the date of publication and subject to change without notice. Any reliance placed on information contained in this material is at the sole discretion of the listener.

All investments involve risks.

For further information about our funds and the full legal disclaimer visit our website www.nedgroupinvestments.com.

Nedgroup may and does seek to do business with the entities discussed in this podcast, so listeners should be aware that there is the potential for a conflict of interest surrounding the objectivity of the podcast. LinkedIn · YouTube

In this episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, unpacks how easing geopolitical tensions, falling oil prices and major corporate developments are shaping the mid year market outlook. He explores the implications for global and South African markets amid shifting risk sentiment, evolving monetary policy and a backdrop of policy divergence across central banks. LinkedIn · YouTube