Drew Rydell

In Q3 we expect market volatility to continue so we have a preference for active managers who are able to take advantage of this to buy stocks at lower levels. Our funds and models remain style-agnostic with an equal blend of value, quality and growth.

Our preferred asset class remains equities, both locally and offshore, and we prefer cash over bonds in models and funds with a lower risk budget. In SA, we prefer rand hedges to SA Inc as we wait for improved economic news to indicate recovering growth, and are being mindful of SA government bond exposure while looking at corporate bonds for diversification. Globally, we are remaining neutral on emerging markets and underweight the US. 

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