Investec, Taking Stock Spring 2019

Nov 21, 2019 | Markets

Domestic stocks fell 4.6% in the three months to the end of September. Before getting too despondent, it’s worth noting that the year-to-date returns still look healthy. The All Share Index delivered 7.1% over the nine months; the All Bond Index was up 8.4% and the property sector managed to stem the bleeding to end 1.5% down. At the Taking Stock event at the beginning of the year, Clyde Rossouw predicted double-digit returns for SA and global equities. So, the dismal third quarter notwithstanding, his five-year predictions remain intact. It is encouraging that the Quality range over which he presides has performed particularly well.

SANGEETH SEWNATH, Investec