A consideration expressed by almost all our domestic clients when progressing their wealth externalisation strategies, is around whether the prevailing exchange rate is at an acceptable level for currency conversion purposes. In addressing this issue, we consider many factors including the historic long-term trend line (which empirically illustrates rand depreciation of on average around 5%…
Many of our clients are aware that the Dynasty House-view Funds include a relatively minor weighting to the global small and mid-cap sector via Smithson, a listed UK-listed Investment Trust. In this five-minute video interview, Jill Carey Hall, head of small and mid-cap strategies at Bank of America, explains why stocks in this sector, particularly…
With the consumer price index in the US hitting a four-decade high in December 2021, rising 7% year-on-year, the investment conversation in 2022 will be dominated by persistent inflation and its impact on financial markets. With a collision between pandemic-related supply chain bottlenecks, labour shortages and growing demand, the US Fed is no longer talking…
Two prominent South Africans have spoken out against the morass of corruption, poor economic policy, and mismanagement in which the country finds itself under ANC governance. Billionaire, Rob Hersov, and Frans Cronje, director at the Centre for Risk Analysis, have both hit out at policies such as expropriation without compensation (EWC) and outlined why they…
Given South Africa’s volatile currency and the fact that our economy represents less than half a percent of world GDP, astute investors will usually seek exposure to other territories. This enables them to mitigate local risks and take advantage of a wider set of global opportunities and hard currencies. The case is, however, sometimes made…
An introduction by Dynasty Founder, Barry Dubb: The Constitutional Court ruling sentencing former President Zuma to 15 months in jail will probably only result in him sitting for 4 months with parole for good behaviour. On the one hand, the assertion of: the rule of law in the judgement; the principle of equality before the law;…
Retail investors’ interest in cryptocurrencies has again exploded over the past year, with Bitcoin’s rollercoaster ride during this period prompting many to ask what role digital currencies may play in the future. Some of our clients are curious about whether cryptos will one day evolve into a viable alternative to fiat currencies or to inflation-hedge…
In April 2020, the rand touched lows of R19.34 to the US dollar in the wake of the beginning of the Covid-19 crisis and a decision from Moody’s to downgrade South Africa’s sovereign credit rating in the first quarter of the year. At that time, we published an article about why the rand was likely…
‘Responsible investing’ is becoming a mainstream movement, with more institutions evaluating Environmental, Social, and Governance (ESG) criteria when they screen potential investments. This is a development we are watching with great interest at Dynasty and it is a trend that we broadly support. But before we look at the pros and cons of ESG, let’s…
