Fund managers across South Africa are currently holding workshops and feedback sessions with financial planners, giving them their perspective of 2018 and their views on 2019.
Here’s what stood out from these sessions, according to Warren Ingram, a personal financial advisor at Galileo Capital:
Individual fund manager views are not that important, said Ingram, but in aggregate, we start to understand the overall pattern, which has been reasonably valuable in the past.
Currently, they are optimistic about future returns from the JSE and expect growth of 12% to 15% per year over the next five years.
SA bonds is still the best asset class for low-risk capital growth; expect about 10% per year.
Fund managers are starting to relax about Donald Trump’s trade war with China; a deal is likely.
South African markets will be messy until after the election, but fund managers expect more good news towards the end of 2019.
Fund managers’ main worry is that the ANC’s internal strife might derail the economy if the Zuma-faction engineers a palace coup.
Trump remains a wild card.
For more detail listen to the interview in the audio below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor at Galileo Capital.
How to earn a yield of 9% - on average - but up to 13% in your TFSA, according to personal financial advisor Warren Ingram.
(A hint: for most, it wasn't in tech.) Bruce Whitfield interviews Warren Ingram, Galileo Capital Personal Financial Advisor.
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
The writing is probably on the wall for the resurgent rand. Bruce Whitfield interviews John Cairns, a Strategist at RMB.
Personal finance advisor Warren Ingram discusses "dread disease benefits", typically paid out as a lump sum.
The news that DJ Fresh would be joining 947 was dominating on social media on Monday with the hashtag #Freshon97
The ring offers an alternative to taking an oral pill every day and needs replacing just once a month.
Khabazela shares tweets and Facebook posts that have gone viral.
It's being dubbed a 'one-stop-shop' for entrepreneurs and startups looking for opportunities in the Mother City.
A Sunday newspaper report has suggested the soccer ace's death may have been linked to a missing stash of cocaine.
Journalist and author Mandy Wiener describes former footballer Marc Batchelor's links to alleged underworld figures.
Consumer journalist Wendy Knowler warns prudent credit card holders to keep tabs on their banks. In this case, it’s FNB.