It’s hard to believe that we’re already well into the second half of what has been an extremely eventful year. Perhaps it’s a good time to take stock and reflect on what’s taken place in 2020 thus far.
Despite the effects of one of the most challenging economic and financial years in history, Q4 2020 proved that there is indeed light at end of the tunnel.
After a remarkable recovery in the second quarter, global markets rose a further 8.1% in the 3 months to the end of September, as measured by the MSCI All Country World Index. The local JSE All Share Index was relatively flat but the much-maligned small cap sector gained 3.5% while mid-caps also outperformed perhaps pointing to a recovery in deeply discounted value opportunities.
The third quarter remained a challenging environment in South Africa. In markets, domestic equities continued to deliver poor returns. This is reflective of the poor state of our local economy and investors running out of patience.
Perpetua Perspectives Summer Edition 2022 By Perpetua Investment Managers A few weeks ago, not many of us would have anticipated the dramatic escalation of the conflict taking
Who can grasp that the end of the 2021 is here? Christmas promotions are on display. Year-end functions are in the works and the long-awaited December leave is being planned.
Perpetua Perspectives Winter Edition 2021 By Perpetua Investment Managers Who can believe that we have reached the half way mark of 2021? Time really flies when
Perpetua Perspectives Summer Edition 2021 By Perpetua Investment Managers Despite the effects of one of the most challenging economic and financial years in history, Q4 2020 proved
Perpetua Perspectives Spring Edition 2020 By Perpetua Investment Managers After a remarkable recovery in the second quarter, global markets rose a further 8.1% in the 3 months
Perpetua Investment Managers’ perspectives on COVID-19 and market impact By Perpetua Investment Managers We are living through an extraordinarily challenging time, personally and professionally, as we try
Perpetua Perspectives Spring Edition 2019 By Perpetua Investment Managers The third quarter remained a challenging environment in South Africa. In markets, domestic equities continued to deliver poor returns.
Perpetua Perspectives Winter Edition 2019 By Perpetua Investment Managers The second quarter was eventful in terms of markets and politics. In South Africa we saw a peaceful election