Press Releases
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The big investment lessons of the last few years
29 January 2014 - Patrick CairnsTop fund managers discuss what uncertain markets have taught them. Cape Town – Since the financial crisis of 2007-2008 the world's stock markets have moved in extreme and often surprising ways. Despite sharp downturns, the gains have been more pronounced than most could have foreseen in the dark days at the end of 2008 and the start of 2009. On top of this...
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Listed property in 2014
10 December 2013 - Ingé LamprechtIs the party over? JOHANNESBURG – The total return of the local listed property sector has been 5.3% in the year to date, a far cry from the double-digit environment that investors have almost become accustomed to over the past decade. However, analysts still believe the sector offers attractive, inflation-beating long-term returns, although it might experience some volatility in the short-term...
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Coronation funds rank highly at Africa AM Performance Awards
23 October 2013 - Coronation InsightsCoronation Fund Managers received a number of awards across its institutional fund range at the second annual Africa Asset Management Performance Awards ceremony held in Cape Town on 24 October 2013. The Coronation Houseview Equity Portfolio was named South Africa Equity Fund of the Year, while the Coronation Domestic Houseview Portfolio was named South Africa Balanced Fund of the Year. The...
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Emerging markets search engines
01 October 2013 - Suhail SulemanThe bursting of the dot.com bubble in 2000 has left many investors sceptical about the long-term investment appeal of technology companies. In many cases this reticence is quite justified – no single industry better illustrates the idea of creative destruction than technology. Former industry leaders who, as recently as five years ago, looked unassailable in their positions, are...
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Bond Outlook
01 October 2013 - Kanyane MatlouSeptember marked a turning point in the fixed interest market’s losing streak, recording the first positive month since May. The All Bond Index (ALBI) rose 3.9% in September, beating cash at 0.43% and inflation-linked bonds (ILBs) at 2.91%. Long-dated bonds were the better performing area of the curve, running well ahead of the short end. Vanilla bonds were the superior performers...
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Equity market update
01 October 2013 - Quinton Ivanhairman of the US Federal Reserve, Ben Bernanke, signalled to the market in May that it was contemplating an exit from its aggressive quantitative easing policy. Markets reacted violently to the news in what is now known as the ‘taper tantrum’. US bond yields spiked dramatically and emerging market bonds followed. The US dollar strengthened, the gold price fell sharply and most...
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Fixed interest - the benefits of an unconstrained mandate
01 October 2013 - Tracy BurtonQuantitative easing and the US Fed’s zero interest rate policy have propped up the price of government bonds and kept yields at artificially low levels. This ‘unsustainable reality’ was brought squarely into focus as bond yields rose sharply on the news of the Fed’s intention to taper its bond buying programme. The US 10-year bond increased 61% from 1.63% at the beginning of May, to 2.62% at the...
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Get that price right
01 September 2013 - Brendan PeacockKarl Leinberger, chief investment officer at Coronation Fund Managers, says the spectrum between growth and value investing is best delineated by the degree to which investors are disciplined on price. “For some, value means buying distressed, broken businesses. But the biggest holding of [Warren] Buffett, considered by many to be one of the world's greatest value investors, are not classic value