Short-term reigns and long-term gains

African markets not are not currently enjoying the happiest of times, with some saying they have fallen prey to the correlation disease. However, there are other factors lying behind this negative result

Six months on from the Investment Week Cape Town Forum, we remain driven by our approach of buying good quality, well-priced stocks for long-term gain, with significant value starting to appear in a number of regions. In the medium term, we see the present situation as an opportunity for positioning funds to reap future benefits. In the short term, markets will react to newsflow, sentiment, rumours, politics and forecasts - creating the exit and entry points needed to create value for investors. The mildly negative performance of world markets for the quarter (MSCI World -2.6%, MSCI Emerg...