Market report

Good news received from the president during the recent SONA has paved the way for better returns to follow.

The All Share Index immediately started an upwards trend. This is what many a portfolio manager has forecasted the past 6 months. This is what was referred to in the previous Market Update.

If we look at the actual returns the past 6 months the figures do not look so bad. The Coronation Balanced Plus Fund stabilized at around 0% return over 12 months BUT the 6 months figure kicked up to 8.5%. The Coronation Property Equity fund did even better. The 12 months return still show a negative return of -8.9% This is good news as this portfolio return figure was -25% for the whole of 2018. This turn around only took place this year already.

The returns we experienced in the Blaufin Wrapfund we manage was even better. I am looking forward to hear your remarks on the recent statements sent to you!

The Reserve Bank is preparing to lower interest rates. This might kickstart the economy and get business to invest into their own ventures. This is sad for the investors depending on bank rates.

Try to withstand the political noise we are bombarded with. Good news are on the way.

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