STANLIB STANLIB Podcasts

STANLIB Podcasts

STANLIB is a specialist investment manager, administering over R600 billion in assets under management.

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Occasionally English South Africa Investing · Business News
71 Episodes
1 – 20

US Fed and SARB interest decisions loom in the next few days

The US Federal Reserve will meet on Wednesday this week to discuss interest rates and the South African Reserve Bank (SARB) will meet on Thursday. Both central banks are expected to cut rates by 25 bps and signal further cuts in the rest of this year and 2025. The SARB…
16 Sep 5 min

US labour market trends weaken, SA’s GDP picks up marginally

The US August labour market report was mixed. It showed an improvement in the unemployment rate to 4.2% from 4.3% in July, but the number of jobs created was below the monthly average. Whether the US Fed will cut interest rates by 25 bps or 50 bps later this month…
9 Sep 8 min

Encouraging trends are evident in latest US, European inflation data

US core PCE inflation for July, at 2.6% y/y, was welcomed because it shows inflation is under control, although it still above the US Federal Reserve’s target of 2%. In Europe, consumer inflation has moderated to 2.2% y/y, close to the European Central Bank’s target of 2%, which may prompt…
2 Sep 9 min

SA’s inflation slows more than expected while US Fed flags looming rate cuts

SA’s headline Consumer Price Inflation (CPI) rate for July was surprisingly subdued, slowing to 4.6% from 5.1% in June. This reflects a slightly lower than expected electricity tariff hike and a slowdown in food price increases, as well as fuel price cuts. The slowing inflation trend makes it more likely…
26 Aug 8 min

US data points to start of the interest rate cutting cycle

US data released this past week points to less concern about inflation and more concern about the labour market. The Federal Reserve has kept interest rates unchanged at 5.25% to 5.50%, and the forward guidance is a more confident outlook for inflation, with the Fed comfortable of reaching its inflation…
5 Aug 8 min

US Q2 GDP growth stronger than expected, while SA’s inflation rate softens

US GDP growth in Q2 2024 was 2.8% q/q, well above expectations for 1.9%. About half of this came from growth in inventories and government spending pre-election, which is not necessarily sustainable. Since there is evidence that consumer demand is softening, the underlying dynamic is that US growth is easing…
29 Jul 9 min

Market-friendly GNU will help to re-rate SA equities

The STANLIB Enhanced Multi-Style Equity Fund slightly underperformed its benchmark in Q2 2024 due to its underweight in Anglo American, which was buoyed by the BHP bid, says Rademeyer Vermaak, Head of Systematic Solutions. However, over any rolling three-year period, the fund has consistently beaten its benchmark, reflecting its focus…
25 Jul 14 min

Geopolitical and fiscal risks will continue to feature in global markets in 2024

The resilience of the US equity market, and especially the tech sector, continued to surprise investors in Q2 2024, says Marius Oberholzer, STANLIB’s Head of Multi-Asset. For the rest of 2024, he anticipates risks around global geopolitics, with elections seeing a swing to the right, fiscal deficits, and whether inflation…
25 Jul 16 min

STANLIB Global Select Fund takes more cautious stance in 2H 2024

Although the Magnificent 7 stocks in the US are expected to continue delivering margin growth, opportunities are now opening up in more defensive sectors of the US market, such as consumer staples, says Amit Parmar, Investment Specialist – International Equity Group, J.P. Morgan Asset Management. Parmar said Q2 was positive…
25 Jul 21 min

US June inflation data should encourage a September rate cut

US inflation data for June delivered positive news for potential interest rate cuts. It showed a 0.1% m/m decline, while the market expected a 0.1% m/m increase. Much of the decline was related to energy prices, which fell 2% m/m, while the increase in shelter inflation, at +0.2%, was more…
15 Jul 5 min

Markets remain weary as SA election results bring surprises and uncertainty

In the podcast, Kevin Lings discusses SARB’s decision to keep interest rates unchanged at 8.25%, with the MPC indicating that the risks to SA inflation are now “balanced”. Fittingly, he also focuses on the recent SA elections. The rand lost a significant 4% of its value against the US dollar…
3 Jun 17 min

SA’s latest CPI print holds out hopes of a second-half rate cut

SA’s April inflation data surprised on the downside: it was up 0.3% for the month vs market expectations for 0.4%. As a result, the annual inflation rate has moderated to 5.2%, with core inflation at 4.6%. Food inflation has slowed over the past three months and is now at 4.4%…
27 May 6 min

Hold or sell? The STANLIB Global Select Fund constantly evaluates its positions

The Global Select Fund has done exceptionally well over a long period of time. Amit Parmar, JPMAM International Equity Group vice president and investment specialist, explains to STANLIB’s Chief Economist, Kevin Lings, that the fund’s recent performance has been driven by stock selection, especially of semiconductor and media companies. Parmar…
22 May 9 min
1 – 20