PSG Asset Management is a wholly owned subsidiary of PSG Financial Services Group. We offer a range of local and global funds, with corresponding feeder funds available from South Africa. Our long-term track record affirms the success of our proven process and offers important diversification and alpha generation benefits to patient investors. We also administer a range of PSG Wealth Solutions on the PSG Collective Investments (RF) Limited administration platform.
We manage a suite of rand-denominated local unit trusts and offer access to global markets through both rand-denominated and foreign currency denominated global funds.
We believe that the price you pay for an investment is extremely important and therefore our 3M approach combines a preference for attractively priced investments (our Margin of safety) with a rigorous quality overlay (assessment of Moat and Management). We follow a bottom-up, research driven investment process.
Our research teams create carefully curated buylists across all asset classes from which our fund managers construct portfolios within the parameters of the specific mandates in our focused fund range. We aim to construct portfolios which have a high likelihood of achieving the required return over a range of future scenarios.
Our long-term track record affirms the success of our proven process, and our funds offer important diversification benefits to a blended client portfolio. Our portfolios are also good options for patient retail investors who can take a longer-term approach to ride out the occasional volatility which is part and parcel of active management.
“We will always have a long-term approach.”
In this edition, Head of Research Kevin Cousins and Co-CIO Greg Hopkins explain why culture is so important to us at PSG Asset Management, and how it enables us to achieve excellent investment outcomes for our clients. Then, we turn our attention to the many-faceted nature of risk. Head of Equities Justin Floor and Co-CIO John Gilchrist unpack why a more nuanced view of risk can facilitate more robust decision-making. Finally, Head of Equities Justin Floor and Fund Manager Dirk Jooste get to grips with the thorny issues of the risk of investing in SA equities, and weighing them against the opportunities we see ahead.
Read moreIt feels as if “it has been a tough year for investors” has become something of a mantra in the investment industry – and the past three years have certainly delivered their share of surprises. With the benefit of hindsight, it appears increasingly likely that the Covid-19 pandemic marked an inflection point for both market structure and behaviour. We have argued that this is the result of imbalances accrued during the period after the-Global Financial Crisis (post-GFC period) having to unwind, and while the process is far from simple or linear, it will have profound impacts on the returns investors can expect from the various asset classes in the next decade.
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