One of the most important choices you can make to secure your legacy is who you appoint as the executor of your estate. This has always been a complex and sensitive decision, but the nuances have become even more intricate for families where many of the beneficiaries of the will reside (or intend residing) in…
At Dynasty, we have historically preferred to place most of our clients’ offshore investments directly with offshore funds and asset managers rather than placing these instruments on global administration platforms and, in the process, adding an extra layer of fees. But with a recent sea-change in regulations and the industry, we now feel that it…
For a few years Dynasty has utilised a “currency decoder” model developed by Dr Lance Vogel (a member of our investment committee), which is based on metrics such as the level of the US dollar relative to its developed market peers; how emerging market currencies are priced relative to the dollar; and what difference in…
“By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machines.” – Economist, Paul Krugman “In the UK… GDP per capita grew about 40% between 1700 and 1800. It more than doubled between 1800 and 1900. And between 1900 and 2000, it grew…
The mighty US dollar has held a central role in the world’s monetary system since the Bretton Woods Agreement in 1944 defined all other currencies in relation to the American greenback. But with the rise of China as a global superpower and growing tensions between the West and the East, together with BRICS, some commentators…
The current Rand/Dollar exchange rate level could be sustained if risk-on sentiment persist The Rand became massively oversold during May 2023, and substantially underperformed most other emerging market currencies. In particular, at the end of May the Rand was down by -14.3% year to date, which compares with a decline of only -0.6% for the…
(The following article has been compiled on a bespoke basis by our associate tax expert, Robyn Rogers, for Dynasty clients) Much has already been written about the surprise change by SARS to the process to transfer funds abroad. This article has been written to provide more detail on the specific requirements under the new process…
March witnessed the failure of certain regional banks in the US together with the collapse of Credit Suisse and its subsequent takeover by UBS. A repeat of the 2008 Global Financial Crisis was thankfully avoided as central banks together with some large banks intervened timeously to protect depositors. However, equity investors in these banks suffered…
The gold price has gained 24% in the five months since its November lows, with central banks buying record amounts of the metal last year. Having recently returned from a global conference in Miami, George Cheveley, Ninety One’s portfolio manager and metals and mining specialist, summarises in an interesting podcast (as per link below), the…
