Insights from Q4 2023: Market Surprises & Portfolio Strategies

PPS Investment Perspectives – Economic Performance in Q4 2023

The final quarter of 2023 saw high geopolitical tensions emanating from the war in Gaza, stoking fears of broader contagion amid the humanitarian crisis with South Africa charging Israel with genocide at the International Court of Justice in The Hague.

PPS state that it is difficult to forecast the macro-outlook. What do you think the possible continued disinflation over 2024 and/or possible further interest rate cuts by the Fed will mean for investors? 3min read.

Upcoming election weighing on investors

Even though several negative factors impacted the investment environment in 2023, South African markets followed global peers higher in the final quarter with the FTSE/JSE All Share Index ending the year at 9.3%, which was marginally behind bonds at 9.7% but ahead of cash, at 7.8%. The standout performance for 2023 came from global equities, with the All Country World Index (ACWI) returning 31.3% (in rand).

4min read.

Satrix launches Satrix JSE Global Equity ETF

The Satrix JSE Global Equity ETF (STXJGE) will give investors an equity building block that upweights local companies that have their primary listings offshore. It will track the FTSE/JSE Global Investor Index.

3.5min read.

Geopolitical and economic uncertainty bolster gold demand and prices in 2023

Louise Street, Senior Markets Analyst at the World Gold Council, commented:

“Unwavering demand from central banks has been supportive of gold demand again this year and helped offset weakness in other areas of the market, keeping 2023 demand well above the ten-year moving average.”

The article refers to OTC markets or Over-The-Counter markets which you can get an explanation of here. It also refers to ETFs which are funds that issue shares, which are traded on a stock exchange, and cover a broad range of asset classes and investment strategies you can find out more here. 2.5min read.