Download the MacroSolutions Long-Term Perspectives 2020
With the primary aim of investors being to save for long-term goals, the objective of Long-Term Perspectives is to draw attention to the long-term behaviour of asset classes and, in so doing, provide perspective on the shorter-term volatility. What you can expect to find this this publication:
THE 2010S IN PERSPECTIVE – URVESH DESAI and GRAHAM TUCKER
To better understand the major factors that influenced global and local markets in the 2010s, we review some of the most memorable events and what they potentially tell investors about the decade ahead.
THE MACROSOLUTIONS BALANCED INDEX - GRAHAM TUCKER
Given that the majority of South Africans’ savings are in multi-asset class portfolios, our MacroSolutions Balanced Index, dating back to 1930, is a good measure of what the average investor experienced.
8 LONG-TERM LESSONS - PETER BROOKE
In analysing long-term data, we identified 8 valuable lessons to help build a resilient investment plans. Understanding these lessons will help you build the right investment solution to achieve your goals.
DIVERSIFICATION – JASON SWARTZ
After time, diversification is the second most valuable tool you can use to manage risk. See what makes a great diversifying asset class.
SA INFLATION - JOHANN ELS
Take a look at just how destructive inflation is over time. This is why we look at our long-term investment returns in real terms (which strips out the impact of inflation).
SA EQUITY - GRAHAM TUCKER
To counter the effects of inflation and low-return investments, you need the higher growth potential of equities − SA’s top asset class 42 out of 90 years.
SA LISTED PROPERTY - EVAN ROBINS
This once-tiny sector is an important and a distinct asset class in its own right - offering both capital growth and a stable and growing income component.
SA BONDS - ZAIN WILSON
Bond market returns are particularly sensitive to event and policy risk, reinforcing why a long-term macro perspective is so critical.
SA CASH - JOHN ORFORD
While there is minimal risk of losing money when investing in cash, it is not without risks – as can be seen in how long it takes to double the real (after inflation) value of your money.
GOLD - DENZIL BURGER
Gold plays an important role within a diversified portfolio, as it offers a hedge against inflation and protection against economic turmoil.
Global Assets - Graham Tucker
Investing globally remains a powerful source of diversification and risk reduction.
THE RAND - JOHANN ELS
Investors need to understand the profound effect the exchange rate has on investment values, given its impact on inflation and that it is used to translate the returns of global assets into local currency returns.
GLOBAL BONDS - ZAIN WILSON
Given their low correlation to equites, developed market government bonds are an important means of enhancing diversification.
LONG-TERM REAL RETURNS OUTLOOK - PETER BROOKE
Our medium-term (five-year) outlook for all the major asset classes influences our strategic and tactical investment decisions.
To see how the MacroSolutions Balanced Index has performed over time and to better understand the behaviour of local and global asset classes, read the 2020 Edition of Long-Term Perspectives.
If you would like to receive the historical index series please send us a request via our contact page.