Despite overall valuation levels remaining high, the recent pullback in global equity markets has presented several attractive investment opportunities. Similarly, while local markets have re-rated following the election of Cyril Ramaphosa, this has largely been restricted to the most liquid counters. We believe that many small- and mid-cap stocks remain very cheap, and that the domestic fixed income market continues to offer attractive opportunities.
View more in the videos below
Current market context: Where PSG Asset Management is finding value
Shaun le Roux, Fund Manager, gives an overview of current market conditions and sets out the importance of investing where it is uncrowded.
The fixed income environment: Q1 2018
Ian Scott, Head of Fixed Income at PSG Asset Management, gives context on South African fixed income markets and outlines where we are finding attractive opportunities.
Global markets: Q1 2018
Philipp Wörz, Fund Manager, considers the recent pullback in global equity markets and the opportunities this has provided.
For further context on our current views on global equity, read the latest PSG Angle
to read our latest monthly newsletter: ‘Opportunity returns to global equity markets, but selectively so’.