Kamini Naidoo

Amid heightened geopolitical uncertainty, including recent volatility stemming from the proposed Trump tariffs and ongoing risks surrounding the formation of the government of national unity (GNU), we have adopted a more cautious positioning. In response, we reduced our overweight position to local equities and returned the portfolios to their strategic asset allocations.

This neutral stance reflects a deliberate move to manage risk in an environment marked by elevated uncertainty and market sensitivity to political developments.

Our current focus remains on diversifying alpha sources across asset classes and strategies, with an emphasis on robust portfolio construction and manager selection to support performance through a range of market conditions.

‍