Charl de Villiers, Head of Equities at Ashburton Investments, reflects on the third anniversary of managing the Ashburton Equity Fund, highlighting the team's success in delivering positive alpha, strong peer performance, and their focus on South African listed equities.

Simon Webber, Head of Global Equities, Schroders, looks at the ways that increased market breadth and volatility against a resilient economic backdrop should create opportunities for active fund managers.

A noteworthy shift is occurring in South Africa's unit trust sector. While some larger managers are experiencing modest outflows, mid-sized managers are seeing substantial inflows on the back of strong performance.

Mike Adsetts, Global Chief Investment Officer at Momentum Investments, emphasizes the integration of responsible investment practices, including environmental, social, and governance (ESG) considerations, into their decision-making. Their latest Stewardship Report highlights progress in sustainability efforts, climate strategies, and industry engagement.

Izak Odendaal, Old Mutual Wealth Investment Strategist, discusses the impact of cognitive biases like anchoring on investment decisions. He highlights economic trends, inflation, and market volatility, emphasising the importance of a diversified, valuation-based strategy amid global financial uncertainties.

The macroeconomic environment will likely favour emerging markets as the Fed pivots, and expected rate cuts in the US would likely weaken the US dollar. Countries such as India make a compelling investment case with long-term mega forces like a vast youthful population, a burgeoning middle class, and the rewiring of its supply chains through significant economic reforms and sectoral developments.