Market Update February 2017

February was a positive month for global markets. The shortest month of the year passed without any major surprises, with the common thread of economic optimism balancing against political uncertainty. Donald Trump was the obvious talking point with further hyperbole regarding his policy stance, whilst increasing scrutiny in Europe also played a dominate role. Within equities, strong economic and corporate data in the U.S. helped push equities higher. A similar theme was evident elsewhere, as emerging markets saw a material increase that edged out developed markets and added to an apparent recovery that is underway (see below image).   On
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Market Update January 2017

  December was a positive month for markets, capping off a tumultuous year that was punctuated by local and global political events. On the global front, it proved to be a relatively busy month littered with important central bank meetings and political events. The U.S. Federal Reserve decision to raise interest rates did not come as a surprise, and as such, the move had a negligible effect on global markets in US dollar terms. However, in only the second hike since the global financial crisis, investors did take note of the more hawkish tone regarding further moves in 2017. Global
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Market Update June 2016

June 2016 will always be remembered as the month that the United Kingdom(UK) voted to leave the European Union. Indeed, Brexit had an indelible effect on markets in June, and for that matter the quarter, with greater uncertainty translating into a variety of asset and asset class returns. Global equity markets fell sharply in the wake of the UK referendum result resulting in negative monthly returns across markets. With a sense of panic and shock in the air, investors flocked to safe-haven assets such as bonds and gold, which gained in value as a result. An increasing US dollar price
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Staying the course !

In these times of volatility it is fundamental to stay focussed on your investment strategy and tune out all the noise. This presentation clearly shows why staying invested is the best strategy.   Please see link to presentation   Should you have any questions please do not hesitate to contact your advisor.
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Market Update April 2016

April was a positive month for global markets with risk assets holding up well given an eventful month, which included notable central bank meetings and a commencement of the earnings season in the US and Europe. The upward momentum in commodity prices is a clear theme dominating markets in 2016. Most notable in April was the sharp increase in the US dollar price of Oil which is likely to result in an uptick in inflation numbers globally. On the local front, the continued recovery in commodity prices in April translated into positive returns from the resource sector. The local equity
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PFL Website Enhancements

The PFL website underwent a complete revamp recently with a new look and feel as well as some added features to the client area. The client area features: The client login area features the following:         View your PFL managed investments         Change your personal details         Complete a Financial Needs Analysis         Evaluate your risk profile         Access important documents (Wills, ID Copies, FICA docs etc)         News portal         Financial advisor and admin person responsible for your portfolio contact
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Market Update March 2016

The first quarter of 2016 was a turbulent, albeit positive, period for global markets. After one of the worst January months on record, which sent investors fleeing in the pursuit of less risky assets, markets made an abrupt turn midway through February and this positive trend continued through much of March. The sheer volatility that has driven large deviations in asset prices has not been easy to stomach, and there is no indication that the roller-coaster ride will be coming to halt any time soon. Despite an interest rate hike in March, local markets enjoyed a strong positive month which
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Market Update February 2016

A continued sell-off meant February was a mildly negative month for global markets. Despite being relatively flat, emerging markets outperformed their developed peers in what was an interesting month. With many of the emerging markets, including South Africa, being large exporters of commodities, the improvement in commodity prices was a key driver of this outperformance. This was particularly true on the local front as the US dollar price of Gold rallied as investors sought store-of-value assets in uncertain, volatile markets. This contributed to some spectacular returns in resource shares which saw the local equity index end the month in positive
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Budget 2016

This February, Finance Minister Pravin Gordhan is everyone’s Valentine. But civil servants may feel he’s handing out empty boxes of chocolate and wilted roses. On Wednesday, Gordhan faced the unenviable task of presenting a budget speech that straddled almost impossible territory. He did it with an almost abrasive optimism – one that, at times, seemed disingenuous with the economic and social desperation that has gripped many South Africans. He had a melody in his heart, repeated as a refrain throughout his speech: “We are resilient. We are committed. We are resourceful.” And his precarious position called him to do just
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