Over the past 11 years, the collective market capitalisation of the Magnificent Seven’s (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) companies has grown from just over US$1 trillion to well over $13trillion. In this article, Andrew Dittberner, Chief Investment Officer at Private Clients by Old Mutual Wealth is investigating if the Magnificent Seven valuations are justifiable.

The awards recognise those funds and asset managers that have served investors well over the long term and which Morningstar’s Manager Research team believes will be able to deliver competitive risk-adjusted returns over time.

While the phenomenon of stock market delistings is not only restricted to South Africa, the picture locally appears to be acute. The Johannesburg Stock Exchange has seen the number of listings more than halving from 616 in 2000, to just 284 at the end of 2023.

Bad economic news could eventually become good news for Chinese equities if the rising risk of outright deflation prompts the authorities to take more aggressive fiscal and monetary action.

In this weeks investment note, Old Mutual Wealth Investment Strategist, Izak Odendaal, discusses South Africa's 2023 GDP, highlighting economic challenges like power cuts and logistics bottlenecks. Despite headwinds, prospects improve with declining inflation and potential infrastructure reforms.

As interest rates potentially decline, the era of easy money seems to wane. Amid global economic slowdown concerns, investing in resilient companies becomes crucial, offering stability and dividends in uncertain times.