Join host Leigh Kohler as he leads a discussion with Malcolm Charles (lead portfolio manager of the Ninety One Diversified Income Fund) and Bronwyn Blood (lead portfolio manager of the Granate Multi Income Fund) to discuss the risk of a global recession, high inflation and interest rates, and local and global bond market opportunities. They will also dive into how each fund manager has positioned their portfolios in light of the risks and opportunities ahead.
Waseem Abrahams, head of distribution, will also interview Niel Kasselman, director and wealth manager at Strategic., on why he selected to partner with a DFM.
DFM portfolio manager Melvyn Lloyd will kick off the session with an update on Q4’s local and global model performance.
In the last 18 months, markets have given central banks a lot of credit in being able to achieve an economic soft landing, despite history pointing to this not being their area of strength. With tight labour markets persisting and inflation having run at high levels for over a year, it appears that central banks will need to continue to raise interest rates well beyond the markets’ original expectations in order to combat inflation that still risks becoming entrenched. As such a hard landing, with the first real recession in many years remains a strong possibility, even if it is not currently the base case of most commentators.
