Schroders global market perspective for South African investors

 Looking back on 2020, it is truly extraordinary that an event with the severe global impact like Covid-19, only temporarily halted flows into risk assets.

In our February podcast, Ebeth van Heerden, Head of Intermediary, speaks to a regular guest, Azad Zangana Senior Economist, for a macro-economic update including; what investors could consider for the year ahead, the outlook for US equities and emerging markets, the impact of Brexit on the UK and Europe, and if there's any truth to the Bitcoin 'bubble'. 

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

In 2020, disruptive forces touched all aspects of our world, changing the way we consume, transact and live. Many of the themes that we saw in the last year weren’t new to us; however, they were accelerated by the pandemic and will continue throughout 2021 and over the decade to come.

In our January podcast, Philip Robotham speaks to Alex Tedder, Head of Global and Thematic Equities about the outlook for global equities, disruptive trends and a post-Covid world.

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

Kondi Nkosi, Country Head South Africa, receives an update from Multi-Asset Fund Managers, Ugo Montrucchio and Michael Devereux, on the global economic outlook for the coming year. 

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

Pollsters predicted a landslide win for Joe Biden and a "blue wave" for the Democratic party, but for the second US election in a row they were drastically wrong, 

We review the US election with Piya Sachdeva, an economist at Schroders. We discuss whether pollsters' time is up, why markets rallied despite the uncertainty of the election outcome and what's more important to markets: the US election or Covid-19.

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

This month Gavin Ralston, Head of Strategic Client Group, and Piya Sachdeva, Economist, discuss the following:

• What the latest data is telling us about the pace of recovery in the US and Europe
• Why the US economy has been less affected during the coronavirus outbreak than Europe (given the US's poor performance in suppressing infection rates)
• The potential impacts of the upcoming US election, including what this could mean for US-China trade relations 

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

This month Azad Zangana, Senior Economist, provides a macro-economic update with a particular focus on US equities and the upcoming presidential race. Michael Devereux, Fund Manager - Global Managed Growth, also gives his insight into multi-asset allocation. 

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

This month Azad Zangana, Senior Economist, and Alex Tedder, Head/CIO of Global and US Equities, discuss the global economy and the upcoming US earnings season, with a particular focus on: 

• The likelihood of an economic recovery in areas such as the US, Europe and China
• The continuation of strong share price performance and whether there are any areas for concern
• Tensions between the US and China, and the upcoming US presidential election

Whether the gold rally can continue 

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

Gavin Ralston, Head of Strategic Client Group, and Azad Zangana, Senior Economist consider the outlook for the macro economic environment as Covid-19 restrictions start to ease and consumer confidence hesitantly starts to rebuild. They also share their thoughts on the upcoming US elections and the UK Brexit negotiations.   

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

Craig Botham, Senior Emerging Markets Economist, and Sean Markowicz, Strategist - Research & Analytics, share their insight on the economic outlook and the recent surge in stock markets.

While tens of millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years. They examine what is behind this apparent disconnect and what the future could hold.

Read the supporting article:
Slumping economy, surging stock market – what's going on?

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​

Gavin Ralston, Head of Strategic Client Group, and Azad Zangana, Senior Economist continue to look at the impact of COVID-19, comparing April's data with that from our last podcast in March. This includes:

• The scale of the recovery in risk assets and if economic fundamentals support an optimistic market outlook
• How governments and central banks continue to respond to the crisis
• The possibilities of a 'V' shaped economic recovery or whether a 2nd outbreak could result in a 'W' shaped recovery
• How a drop in global demand has led to a collapse in oil prices
• How the USD has acted as a safe haven currency and its future outlook

For professional investors and advisers only. Not suitable for retail investors. Capital at risk.

Issued by Schroders Investment Management Ltd registration number: 01893220 (Incorporated in England and Wales). Schroders Investment Management Ltd is authorised and regulated in the UK by the Financial Conduct Authority and an authorised financial services provider in South Africa FSP No: 48998. ​