Nedgroup Investments Insights

Brazil’s political surprise sent equities, bonds and the currency sharply lower, forcing investors to reassess the outlook for fiscal policy, inflation and interest rates.

In this episode of Inside the Mind of a Fund Manager, Anil Jugmohan, Senior Investment Analyst at Nedgroup Investments, speaks with Luis Alves de Lima of NS Partners about what the changing political landscape means for investors. They explore whether Brazil’s rates-and-equities opportunity has simply been delayed, whether the recent sell-off has created opportunities for long-term stock pickers, and where attractive investment opportunities may be emerging across Latin America.

At the heart of the conversation is a key question for investors: how do you separate short-term political noise from lasting changes in fundamentals, valuations and company prospects? LinkedIn · YouTube

AI remains powerful, but higher yields, inflation and elevated expectations mean investors increasingly need to distinguish between a great story, a great business and a great investment.

In our latest episode, we sit down with Andy Headley to step back from individual stocks and look at the bigger picture: how a higher cost of capital changes the investment equation, why a great company isn’t always a great investment, and how to separate genuine AI beneficiaries from businesses where expectations may already be doing much of the heavy lifting.

And crucially, we look at what being “well positioned” actually means when you don’t know whether the next move will be driven by AI, inflation, interest rates or something completely unexpected.

Because good investing isn’t necessarily about predicting the next market move.

It’s about building a portfolio that doesn’t require you to. LinkedIn · YouTube

Markets are proving resilient, but the environment is becoming more challenging as higher oil prices, persistent inflation and growing geopolitical tensions test investor confidence. In this week’s Market and Economic Wrap, Trevor Garvin, Head of Multi-Management at Nedgroup Investments, explores the latest developments shaping global and South African markets, from a technology-led sell-off in US equities to the implications of oil trading above $100 per barrel.

He unpacks the inflation outlook, what investors should watch ahead of South Africa’s Medium-Term Budget Policy Statement, and why developments in the Middle East continue to influence energy markets and global sentiment. The episode also examines the recent strength in the rand, the outlook for interest rates and the growing importance of diversification in an increasingly uncertain environment. LinkedIn · YouTube

What does it take to protect capital without sacrificing growth?

In this episode of Inside the Mind of a Fund Manager, Keletso Mphoman, Investment Analyst at Nedgroup Investments, sits down with Omri Thomas, Portfolio Manager of the Nedgroup Investments Opportunity Fund, as the fund celebrates its 15-year milestone. They discuss how the fund balances the competing objectives of capital preservation and long-term growth, the lessons learned through periods of market volatility, and why resilience is often one of the most important attributes for successful investing.

The conversation explores the role of valuation discipline, how structured notes are used to manage risk, and where Omri is finding opportunities in today's market despite concerns around elevated equity valuations, rising bond yields and geopolitical uncertainty. LinkedIn · YouTube

In this week’s Market and Economic Wrap, Tumisho Grater, Multi-Manager Investment Analyst at Nedgroup Investments, unpacks the tension between political promises and market realties as investors navigate a complex global landscape.

With the US midterm elections approaching, proposed consumer support measures and calls for lower interest rates are raising important questions about inflation, government borrowing and the outlook for bond markets. Tumisho explores why the bond market is pushing back, what rising Treasury yields signal for investors, and whether recent market moves may be creating new opportunities in fixed income.

Closer to home, Tumisho discusses the factors behind the rand’s recent weakness, September’s challenging month for the JSE, and what South Africa’s latest public-sector debt figures mean for investors beyond the headlines. LinkedIn · YouTube