Fraudulent Telegram and WhatsApp groups
Please beware of fraudulent Telegram and WhatsApp groups impersonating PSG Financial Services, our divisions and our advisers. Be cautious, verify links and contact your adviser or Client Services if you have any queries or concerns.
August 2025
Adriaan Pask
PSG Wealth
Wall Street climbed on Tuesday, led by gains in tech and healthcare. Nvidia surged ahead of its earnings, boosting optimism that strong results could sustain the rally due to its S&P 500 weight and role in the AI boom. Eli Lilly also jumped after its experimental diabetes drug showed significant weight-loss benefits. These gains offset declines in energy and consumer staples, though markets remained cautious as President Trump’s removal of Federal Reserve (Fed) Governor Lisa Cook raised concerns about central bank independence.
European stocks closed lower, with the STOXX 50 down 1.10%. France led the decline as political turmoil intensified after Prime Minister François Bayrou called a confidence vote on 8 September that could topple his government. The CAC 40 slipped 1.60%, weighing on regional benchmarks, while London’s FTSE 100 fell 0.60% on its first day back from a holiday. Opposition parties—including the far-right National Rally, France Unbowed, and the Greens—have pledged to vote against Bayrou, leaving his administration on shaky ground. Broader sentiment across Europe remains fragile amid weak growth and persistent geopolitical risks.
Chinese stocks ended mixed on Tuesday, with the Shanghai Composite Index down 0.39% at 3 868 points and the Shenzhen Component up 0.26% at 12 473. Renewed trade tensions weighed on sentiment after Trump threatened to impose “200% tariffs or something” on rare-earth magnet exports from China. Still, equities have rallied sharply this month, with the Shanghai Composite touching its highest level since 2015. Analysts attribute the momentum partly to China’s 160 trillion yuan in household savings shifting from real estate into equities, particularly in technology-driven sectors such as semiconductors and renewables.
South African markets slipped, with the FTSE/JSE All Share Index closing at 102 433.16 points, down 0.53% amid global risk-off sentiment. The rand eased to around R17.61 against the US dollar from a nine-month high on 22 August as investors booked profits, though it was supported by rising gold prices and a softer dollar. Expectations of US rate cuts also helped, narrowing the yield gap with South Africa and making local assets more attractive.
Commodity markets were mixed, with gold climbing to a two-week high of $3 388.60 per ounce as investors sought safe-haven assets amid concerns over the Fed’s independence following President Trump’s dismissal of Governor Lisa Cook and expectations of future rate cuts. Crude oil, however, fell 2.40% to around $63 per barrel, pressured by weaker risk sentiment, though prices remained within the $62–$65 range seen throughout the month.
select a tab to navigate
Date | Index | Current Level | 1 Day Move | 1 Month Move | 6 Month Move | 1 Year Move |
---|---|---|---|---|---|---|
2025-08-27 | ALSI | 102433.16 | -0.53 | 3.71 | 18.20 | 25.92 |
2025-08-27 | Basic minerals | 62906.30 | 0.50 | 8.15 | 47.04 | 50.54 |
2025-08-27 | Fin + Ind 30 | 13118.36 | -0.90 | 2.21 | 11.03 | 19.52 |
2025-08-27 | Financial | 53890.05 | -1.11 | 3.12 | 8.35 | 11.00 |
2025-08-27 | Industrial index | 149519.04 | -0.74 | 1.39 | 12.31 | 25.71 |
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Morningstar Category | Fund name | NAV (Rands) at 25 Aug 2025 | Performance –As at 2025/07/31 | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % | |||
South African - Multi Asset - Low Equity | PSG Investment Management Cautious Fund of Funds Class D | 1.53 | 15.40 | 12.55 | 13.88 | 11.55 |
PSG Investment Management Cautious Fund of Funds Class D | 1.53 | 15.40 | 12.55 | 13.88 | 11.55 | |
PSG Stable Fund Class A | 1.88 | 13.46 | 12.12 | 13.43 | 8.91 | |
PSG Stable Fund Class E | 1.89 | 14.11 | 12.77 | 14.08 | 8.84 | |
PSG Wealth Preserver Fund of Funds Class D | 28.41 | 14.60 | 12.16 | 11.00 | 9.49 | |
South African - Multi Asset - High Equity | PSG Balanced Fund Class A | 117.07 | 17.94 | 16.88 | 20.03 | 13.08 |
PSG Balanced Fund Class A | 117.07 | 17.94 | 16.88 | 20.03 | 13.08 | |
PSG Balanced Fund Class E | 117.41 | 18.61 | 17.56 | 20.72 | 10.82 | |
PSG Investment Management Growth Fund of Funds Class D | 1.93 | 20.81 | 16.00 | 18.99 | 14.60 | |
PSG Wealth Moderate Fund of Funds Class D | 49.71 | 18.74 | 14.61 | 13.95 | 11.29 | |
South African - Multi Asset - Income | PSG Diversified Income Fund Class A | 1.40 | 11.61 | 10.20 | 9.48 | 8.14 |
PSG Diversified Income Fund Class A | 1.40 | 11.61 | 10.20 | 9.48 | 8.14 | |
PSG Diversified Income Fund Class E | 1.40 | 12.32 | 10.90 | 10.10 | 8.80 | |
PSG Investment Management Multi-Asset Income Fund of Funds Class D | 1.20 | 10.92 | 9.55 | 8.93 | 8.53 | |
PSG Wealth Income Fund of Funds Class D | 12.96 | 10.17 | 9.63 | 8.42 | 8.07 | |
South African - Equity - General | PSG Equity Fund Class A | 20.78 | 18.12 | 18.43 | 22.64 | 13.18 |
PSG Equity Fund Class A | 20.78 | 18.12 | 18.43 | 22.64 | 13.18 | |
PSG Equity Fund Class E | 20.90 | 18.73 | 17.93 | 22.46 | 10.12 | |
PSG Equity Fund Class F | 20.88 | 18.66 | 18.97 | 23.18 | 11.02 | |
PSG Investment Management Opportunity Equity Fund of Funds Class D | 1.40 | — | — | — | — | |
PSG Wealth Creator Fund of Funds Class D | 67.48 | 20.94 | 15.46 | 16.90 | 12.70 | |
South African - Equity - SA General | PSG SA Equity Class F | 2.14 | 25.38 | 19.74 | 25.25 | 9.51 |
PSG SA Equity Class F | 2.14 | 25.38 | 19.74 | 25.25 | 9.51 | |
South African - Interest Bearing - SA Money Market | PSG Money Market Fund Class A | 1.00 | 7.68 | 7.70 | 6.14 | 7.94 |
PSG Money Market Fund Class A | 1.00 | 7.68 | 7.70 | 6.14 | 7.94 | |
PSG Money Market Fund Class F | 1.00 | 7.99 | 8.01 | 6.42 | 5.59 | |
South African - Interest Bearing - Short Term | PSG Income Fund Class A | 1.11 | 9.71 | 8.67 | 7.47 | 7.36 |
PSG Income Fund Class A | 1.11 | 9.71 | 8.67 | 7.47 | 7.36 | |
PSG Income Fund Class E | 1.11 | 10.03 | 8.98 | 7.78 | 8.03 | |
PSG Wealth Enhanced Interest Fund of Funds Class D | 1.02 | 8.53 | 8.48 | 6.85 | 6.91 | |
South African - Interest Bearing - Variable Term | PSG Bond Fund Class A | 1.08 | — | — | — | — |
PSG Bond Fund Class A | 1.08 | — | — | — | — | |
South African - Multi Asset - Flexible | PSG Flexible Fund Class A | 9.67 | 15.72 | 16.42 | 20.65 | 11.57 |
PSG Flexible Fund Class A | 9.67 | 15.72 | 16.42 | 20.65 | 11.57 | |
PSG Flexible Fund Class E | 9.68 | 16.03 | 16.73 | 20.96 | 10.97 |
Performance data on local funds is shown up to the last market close minus 1 day.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Through our tried-and tested investment philosophy, we have built competitive global solutions to help clients achieve their investment goals.
The following funds are rand-denominated, but invest internationally:
Morningstar Category | Fund name | NAV (Rands) at 26 Aug 2025 | Performance –As at 2025/07/31 | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % | |||
Global - Equity - General | PSG Global Equity Feeder Fund Class A | 5.49 | 15.19 | 16.87 | 19.25 | 12.67 |
PSG Global Equity Feeder Fund Class A | 5.49 | 15.19 | 16.87 | 19.25 | 12.67 | |
PSG Global Equity Feeder Fund Class E | 5.71 | 15.85 | 17.55 | 19.78 | 12.42 | |
PSG Wealth Global Creator Feeder Fund Class D | 5.13 | 12.38 | 16.92 | 11.43 | 14.72 | |
Global - Multi Asset - Flexible | PSG Global Flexible Feeder Fund Class A | 4.16 | 13.23 | 15.13 | 16.20 | 12.28 |
PSG Global Flexible Feeder Fund Class A | 4.16 | 13.23 | 15.13 | 16.20 | 12.28 | |
PSG Global Flexible Feeder Fund Class B | 4.41 | 13.89 | 15.79 | 16.71 | 12.80 | |
PSG Wealth Global Flexible Feeder Fund Class D | 5.26 | 10.48 | 11.02 | 6.69 | 10.90 | |
PSG Wealth Global Moderate Feeder Fund Class D | 5.38 | 10.25 | 11.81 | 7.50 | 12.12 | |
Global - Multi Asset - Low Equity | PSG Wealth Global Preserver Feeder Fund Class D | 1.62 | 6.35 | 9.34 | 5.07 | 6.75 |
PSG Wealth Global Preserver Feeder Fund Class D | 1.62 | 6.35 | 9.34 | 5.07 | 6.75 |
Performance data on offshore funds is shown up to the last market close minus 2 days.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
The following funds invest internationally using foreign currency
Morningstar Category | Fund name | NAV (Rands) at 25 Aug 2025 | Performance –As at 2025/07/31 | |||
---|---|---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % | |||
EAA Fund GBP Cautious Allocation | PSG Wealth Global Preserver FoF (GBP) Class D | 2.13 | 3.21 | 3.01 | 2.98 | 4.84 |
PSG Wealth Global Preserver FoF (GBP) Class D | 2.13 | 3.21 | 3.01 | 2.98 | 4.84 | |
EAA Fund GBP Flexible Allocation | PSG Wealth Global Flexible FoF (GBP) Class D | 4.09 | 7.31 | 5.08 | 5.31 | 9.12 |
PSG Wealth Global Flexible FoF (GBP) Class D | 4.09 | 7.31 | 5.08 | 5.31 | 9.12 | |
EAA Fund Global Flex-Cap Equity | PSG Global Equity Sub-Fund Class A | 2.66 | 12.37 | 12.54 | 17.71 | 6.37 |
PSG Global Equity Sub-Fund Class A | 2.66 | 12.37 | 12.54 | 17.71 | 6.37 | |
PSG Global Equity Sub-Fund Class B | 2.77 | 12.94 | 13.17 | 18.33 | 8.03 | |
EAA Fund Global Large-Cap Blend Equity | PSG Wealth Global Creator Fund of Funds Class D | 3.36 | 11.33 | 12.65 | 9.67 | 9.84 |
PSG Wealth Global Creator Fund of Funds Class D | 3.36 | 11.33 | 12.65 | 9.67 | 9.84 | |
EAA Fund USD Cautious Allocation | PSG Wealth Global Preserver FoF (USD) Class D | 1.85 | 6.57 | 5.76 | 3.54 | 3.81 |
PSG Wealth Global Preserver FoF (USD) Class D | 1.85 | 6.57 | 5.76 | 3.54 | 3.81 | |
EAA Fund USD Flexible Allocation | PSG Global Flexible Sub-Fund Class A | 22.55 | 10.91 | 11.00 | 15.00 | 6.29 |
PSG Global Flexible Sub-Fund Class A | 22.55 | 10.91 | 11.00 | 15.00 | 6.29 | |
PSG Global Flexible Sub-Fund Class B | 24.05 | 11.41 | 11.51 | 15.45 | 6.91 | |
PSG Investment Management Global Flexible Fund of Funds (Dollar) | 1.80 | 9.08 | 5.83 | 3.45 | 3.05 | |
PSG Wealth Global Flexible FoF (USD) Class D | 3.51 | 9.95 | 7.25 | 5.17 | 8.00 | |
EAA Fund USD Moderate Allocation | PSG Wealth Global Moderate Fund of Funds Class D | 2.32 | 9.30 | 7.82 | 5.82 | 5.62 |
PSG Wealth Global Moderate Fund of Funds Class D | 2.32 | 9.30 | 7.82 | 5.82 | 5.62 |
Performance data on offshore funds is shown up to the last market close minus 2 days.
Some data may be delayed, the above table reflects the latest information available from Morningstar.
Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month.
Fund display name | Performance –As at 2025/08/26 | |||
---|---|---|---|---|
1 year % | 3 year % | 5 year % | Inception % | |
PSG Wealth Income Growth Equity Portfolio | 14.13 | 11.94 | 12.44 | 4.48 |
PSG Wealth Offshore Equity Portfolio (USD) | 13.05 | 11.03 | 9.68 | 11.61 |
PSG Wealth SA Equity Portfolio | 24.95 | 11.88 | 11.92 | 6.30 |
PSG Wealth SA Property Equity Portfolio | 25.65 | 19.71 | 20.33 | 1.34 |
* PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs.
The House view portfolios are bespoke solution portfolios and not part of the Collective Investment Schemes’ portfolios.
Date | Company | Share code | Expectation |
---|---|---|---|
27 August 2025 | AECI Limited | AFE | Cash dividend |
27 August 2025 | Alphamin Resources Corp | APH | Cash dividend |
27 August 2025 | AFRICAN RAINBOW CAP INVESTMENTS LTD | ARC | Tender offer |
27 August 2025 | Argent Industrial Limited | ART | Cash dividend |
27 August 2025 | Glencor Plc | GLN | Share premium distribution |
27 August 2025 | Mpact Limited | MPT | Cash dividend |
27 August 2025 | NEWWAVE EURO EXCHANGE TRADED NOTES | NEWEUR | Interest payment |
27 August 2025 | NEWWAVE GBP EXCHANGE TRADED NOTES | NEWGBP | Interest payment |
27 August 2025 | NEWWAVE USD EXCHANGE TRADED NOTES | NEWUSD | Interest payment |
27 August 2025 | Quilter Plc | QLT | Cash dividend |
27 August 2025 | Weaver Fintech Ltd | WVR | Cash dividend |
The information above is to the best of our knowledge correct.
The Corporate Actions are updated weekly.
Collective Investment Schemes in Securities (CIS) are generally medium-term to long-term investments. The value of participatory interests (units) may go down as well as up and past performance is not a guide to future performance. Collective Investment Schemes are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees and charges and maximum commissions is available on request from PSG Collective Investments (RF) Limited. Commission and incentives may be paid, and if so, are included in the overall costs. Forward pricing is used. The Portfolios may be capped at any time in order for them to be managed in accordance with their mandate.
Performance is calculated for the portfolio and individual investor performance may differ as a result thereof. Different classes of participatory interest can apply to these portfolios and are subject to different fees, charges and possibly dividend withholding tax and will thus have differing performances. Annualised performances show longer term performance rescaled over a 12-month period. Individual performance may differ as a result of initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. The portfolio is valued at 15h00 daily. Income distributions are net of any applicable taxes. Investment performance data is for illustrative purposes only. Actual performance figures are available on request. Always refer to the fund fact sheet (Minimum Disclosure Document) for full details, fees and risks of the fund.
Stay Informed
Sign up for our newsletters and receive information on finance.