Opinion The Peace That Passes All Understanding – by Tom Holland

The Peace That Passes All Understanding

This research article titled “The Peace That Passes All Understanding”, written by Tom Holland and published with kind permission from Gavekal Research, examines the complexity and fragility of the 14-day ceasefire reached on Tuesday, 7 April, just ahead of Donald Trump’s 8 pm Eastern Time deadline. While the situation remains tenuous, we believe that the…

Opinion Enhanced indexation: Aiming to outperform a benchmark index while maintaining similar risk

Enhanced Indexation: Aiming to outperform a benchmark index while maintaining similar risk

At Dynasty, we have long endorsed an investment approach that blends active and passive portfolio management to achieve optimal, risk-adjusted returns over the longer term. As an evolution within our portfolio construction, we have recently included three Enhanced Indexation Funds in our house-view global equity portfolios. Explaining Enhanced Indexation Enhanced Indexation is an active-passive hybrid…

Opinion A Golden Year

A Golden Year

Gold has been on a tear in 2025, surging 50% in value and setting more than 30 nominal records for the year to date. During September alone, gold racked up a 10% gain as investors fretted about inflation and a looming US government shutdown. Gold is at the top of the performance tables for 2025,…

Opinion ETFs versus Unit Trusts

ETFs versus Unit Trusts

Many people conflate ETFs (exchange-traded funds) with ‘passive’ management and unit trusts or mutual funds (Funds) with ‘active’ management. This is a fallacy. In reality, there are both actively managed ETFs, where portfolio managers select securities in an effort to outperform a benchmark, as well as many passively managed Funds. A related myth is that…

Opinion Questioning a static definition of quality

Questioning a static definition of quality

At Dynasty, we’ve traditionally had a strong bias towards ‘quality’ in our clients’ global equity portfolios. In brief, the quality investment style favours stocks with strong balance sheets, stable earnings, and high returns on equity. Such companies have strong heritage brands, substantial pricing power, credible management teams, and operate in sectors with high barriers to…