Nedgroup Investments Insights

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

Strong economic growth continues to support global markets, but rising oil prices, persistent inflationary pressures and geopolitical tensions are complicating the outlook for investors. In this week’s episode, Tumisho Grater, Multi-Manager Investment Analyst at Nedgroup Investments, explores the delicate balancing act facing markets as resilient economic data clashes with growing expectations that interest rates remain higher for longer.

She unpacks the implications of the latest US employment data, the inflation outlook and why investors are paying close attention to upcoming central bank decisions. The episode also examines the impact of rising Treasury yields on equity markets, ongoing developments in the Middle East and their influence on global energy markets.

Closer to home, Tumisho discusses South Africa’s economic outlook ahead of key GDP and production data releases, the resilience of the rand, and how higher commodity prices are supporting parts of the local market, including the platinum group metals sector. LinkedIn · YouTube

Markets are proving resilient, but investors are navigating a more challenging environment as rising bond yields, elevated oil prices and geopolitical tensions test market confidence. In this week’s episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, explores the factors behind the recent pullback in global equity markets, why higher government bond yields are creating pressure for growth assets, and what investors should watch as inflation and fiscal concerns remain in focus.

He also discusses the latest moves in commodity markets, including the continued strength in gold and oil, the impact of a stronger rand on South Africa’s inflation outlook and the key risks emanating from the Strait of Hormuz and broader global trade developments. LinkedIn · YouTube

For decades, investors could rely on a familiar set of assumptions about markets, interest rates, globalisation and economic growth. Today, many of those assumptions are being challenged. In this episode of Quarterly Insights, Nic Andrew, Managing Executive at Nedgroup Investments, joins Rob Johnson, Head of Investments, to unpack the key themes from Nic's recent presentation at our Global Investment Summit presentation. Their conversation explores the forces reshaping the investment landscape, including higher-for-longer interest rates, geopolitical uncertainty, demographic shifts, artificial intelligence and changing industry dynamics.

They also discuss why valuation still matters, why diversification remains essential, and how investors can position portfolios to navigate a wider range of possible outcomes. The discussion leaves investors with a simple but powerful principle: while predicting the future remains difficult, preparing for it has never been more important. LinkedIn · YouTube

Markets have shown resilience in recent weeks, but investors continue to grapple with the implications of higher oil prices, persistent inflation pressures, and ongoing geopolitical uncertainty. In this week’s episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, unpacks the latest developments surrounding the US-Iran conflict and the Strait of Hormuz, and explores what they could mean for inflation, central bank policy, and global economic growth.

He also discusses the performance of global equity markets, the role of commodities such as oil and gold in shaping investor sentiment, and the latest developments in South Africa’s economy, including movements in the rand, local bonds and the inflation outlook following the SARB’s decision to hold interest rates steady. LinkedIn · YouTube

Markets have found some relief as oil prices retreat from recent highs, but investors continue to navigate a complex landscape of inflation pressures, geopolitical tensions, and policy uncertainty. In this week’s episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, explores the impact of ongoing US-Iran conflict, the sharp moves in oil markets and what these developments could mean for inflation, interest rates, and global growth.

He also discusses the latest performance across global equity markets, the outlook for major central bank meetings, and South Africa’s evolving economic picture following higher inflation data and the SARB’s decision to leave interest rates unchanged. LinkedIn · YouTube

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