Monthly financial markets outlook | January 2025
As we step into a new year, we are taking a broader perspective in this edition of our newsletter. Rather than focusing solely on the past month (December 2024) as we typically do, we’ll reflect on market performance for the full calendar year and the key themes that shaped investor sentiment. We will also highlight […]
27four supports Founders and Management in Tyme Group’s Landmark US$250m Series D Raise
27four is pleased to announce its partnership with Founders and Management of Tyme Group to participate in Tyme Group’s recent Series D funding round. Tyme’s capital raise has propelled the digital banking group to unicorn status. This strategic investment aligns with 27four’s commitment to supporting innovative fintech companies and their visionary leadership teams. Investment Highlights […]
2024: A Year of Growth and Innovation at 27four – Thank You for Your Unwavering Support
Reminder To Utilise Annual Offshore Allowances
A reminder to investors looking to diversify their portfolios by maximising their offshore allowances afforded by the South African Reserve Bank (SARB): These allowances will expire at the end of each calendar year on 31 December. Under the Exchange Control Regulations, the SARB provides South African resident individuals with a R1 million Single Discretionary Allowance […]
Monthly financial markets outlook | December 2024
Global markets were mixed in November amidst heightened geopolitical uncertainties following Trump’s re-election for a second term as US president. The MSCI World Index gained 4.47% in dollar terms, with US markets leading the way. The S&P 500 climbed 5.7%, its best month since February, while the Dow Jones surged 7.5%, its strongest performance this […]
DEI in asset management – 27four launches SA’s first benchmarking framework
Financial services group 27four has launched South Africa’s first benchmarking framework to measure diversity, equity, and inclusion for the asset management sector. “The 27four DEI Index framework offers a comprehensive approach to measuring DEI in South Africa’s asset management industry. It assesses asset managers across five key dimensions – ownership, representation, equity, impact, and governance […]
βeta Solutions Quarterly Style Analysis – Q3 2024
Q3 style performance on the JSE was largely dominated by momentum and mid-caps. The “GNU” trade has materialised across the style universe with the rand-tracker momentum trade yielding very positive returns for investors. More importantly, the stability and positive sentiment emanating from the GNU has manifested strongly across mid-caps, as shown in the relative performance […]
Agrarius Sukuk: Attractive Coupon Payments and Transparent, Sustainable Agricultural Investments
In the last update, we unpacked how Agrarius is transforming the global agricultural sector and providing sustainable investment opportunities for investors. We also explored the achievements of the inaugural note program in 2022 up until the end of last year, with the returns of the instrument being highly competitive since inception, benchmarked against various asset-classes. […]
Machine learning style rotation – evidence from the Johannesburg Stock Exchange
Daniel Page, David McClelland, Christo Auret Source: https://www.tandfonline.com/doi/full/10.1080/23322039.2024.2402893#abstract Abstract This study evaluates naïve and advanced prediction models when applied to style rotation strategies on the Johannesburg Stock Exchange (‘JSE’). We apply 1- and 3-month style momentum as naïve predictors against three tree-based machine learning (‘ML’) algorithms (advanced predictors), namely Random Forest, XGBoost and LightGBM. Additionally, […]