Following on the 2019 Manager of the year recognition^ at the recent Raging Bull awards, Mi-Plan retained its position as the top fund management house in South Africa as at the end of March 2020 (as rated by the industry’s benchmark Plexcrown rankings *). Management companies are ranked according to their underlying qualifying funds’ performance,…
By Personal Finance, 2nd Quarter 2020* Mi-Plan, a boutique asset management company based in Newlands, Cape Town, outperformed the major players in South Africa’s investment industry to win the coveted South African Manager of the Year trophy at the annual Raging Bull Awards gala dinner, held at the Cape Town International Convention Centre on Tuesday,…
By Personal Finance, 2nd Quarter 2020* The Mi-Plan IP Global Macro Fund is a global multi-asset flexible fund that has performed remarkably well for its investors. It was recognised for its performance to the end of 2019 at January’s Raging Bull Awards, winning certificates for the best global multi-asset flexible fund for straight performance over…
For many years, Allan Gray has sucked in billions of rands in investments on the back of a reputation for superior asset management performance. Helping Allan Gray has been that investors do not necessarily have to pay an advisor to access its portfolios, which means there is more cream left for the individuals who have…
By Dr. Warren Brown, May 2020 Please see the article below written by Warren Brown on the impact of the new COVID-19 debt on South Africa. The short version of this article was published on page 6 in the 29/05/2020 print edition of Business Day. Click here if you would like to read the…
PLAN YOUR COUNCIL By Dr Warren Brown, April 2020 Shifting priorities for an optimal portfolio There are many risks associated with an investment and that impact on the performance of that investment. Some risks are relatively easy to measure such as the variability of returns while some are more difficult to assess such as…
With the world economy widely expected to decelerate, a growing number of central banks are delaying normalising their monetary policies. The stalled pace of policy normalisation is designed to combat advanced economies from falling into economic contraction. Indeed, liquidity was looser in the first quarter of 2019. The money supply data of significant economies such…
Economics is a minefield. The neoclassical school of thought dominates current economic thinking, including researchers who have suggested that there might be unique and stable equilibria in prices.
In early September, the US Federal Reserve published a note on its website discussing estimations of the long-term neutral rate of interest. Also known as r-star, in theory such an interest rate induces neither saving nor spending.
One of the primary conventions of financial theory holds that participants in an economy are essentially rational “wealth maximizers,” meaning that they will make decisions based on the information around them and in a way that is as reasonable as possible.
