Nedgroup Investments Insights

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

China is one of the world’s most debated investment markets, but how different does the picture look on the ground?

Anil Jugmohan, Senior Investment Analyst at Nedgroup Investments, is joined by Nick Balkin, Portfolio Manager of the Nedgroup Investments Stable Fund, following his recent visit to China. They explore the gap between investor perception and reality, the competitiveness of Chinese businesses, and how on-the-ground insights inform investment decisions within the Stable Fund.

The conversation also considers how opportunities in China can be balanced with capital preservation, valuation discipline and the broader objectives of a diversified multi-asset portfolio. LinkedIn · YouTube

Markets have regained some footing, but investors remain on high alert as interest rates, oil prices and geopolitical developments continue to shape the outlook. In this week’s episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, explores the key drivers behind recent market performance, from easing Treasury yields and record highs in technology stocks to the impact of global political developments and shifting investor sentiment.

He unpacks the implications of the US Federal Reserve’s latest interest rate increase, the outlook for inflation and markets are closely watching the upcoming South African Reserve Bank decision. The episode also examines the interplay between oil prices, the rand and geopolitical tensions in the Middle East, and what these factors could mean for investors in the months ahead.

Closer to home, Trevor discusses South Africa’s governance and infrastructure challenges, the outlook for the local economy ahead of municipal elections, and the factors influencing the rand and broader market resilience. LinkedIn · YouTube