2019-09 Seed Market Overview

September was a volatile month for the local market. The local equity market was rapidly out of the blocks and the FTSE/JSE All Share Index was up 5.3% mid-month. However, trade war concerns again began to weigh on the market, reversing most of the early month gains. The Index ended the month moderately positive, gaining only 0.2% for the month. The dismal end to the month completed a miserable quarter for the local market, losing 4.6% over the quarter. The year-to-date gain stood at 7.1%, which is 5.1% lower than at the end of the second quarter.

Seed Weekly – Titans of the Future Passed (Part 2)

Part 2 – The Present | Recently we looked at some of the titans of the past in Titans of Future Past – Part 1. Here, we will be polishing our crystal balls to look at tomorrow’s titans. Okay – maybe not. We will, however, be looking at people’s perceptions of tomorrow’s titans. Easier said than done.

Seed Income Prescient Fund A1 MDD

The Fund aims to generate STEFI Call + 1% pa over rolling 1 year periods and avoid negative returns over any 6 month period. The Fund is Regulation 28 compliant and is therefore suitable for investments in retirement funds. The net equity weighting (including global equity) will never exceed 10% of the Fund’s market value.

Seed Stable Prescient Fund A1 MDD

The Fund aims to generate CPI + 4% pa over rolling 3 year periods and avoid negative returns over any 1 year period. The Fund is Regulation 28 compliant and is therefore suitable for investments in retirement funds. The net equity weighting (including global equity) will never exceed 40% of the Fund’s market value.

Seed Global Fund A MDD

The Fund aims to generate a return of Libor + 3% pa over rolling 5 year periods and avoid negative returns over any 3 year period. The net equity weighting will never exceed 75% of the Fund’s market value.

Latest Seed Prescient Fund MDDs

Seed Balanced Prescient Fund A1 MDD

The Fund aims to generate CPI+ 6% pa over rolling 5 year periods and avoid negative returns over any 3 year period. The Fund is Regulation 28 compliant and is therefore suitable for investments in retirement funds. The net equity weighting (including global equity) will never exceed 75% of the Fund’s market value.

Seed Weekly – Titans of the Future Passed (Part 1)

Part 1 – The Past | Our world is changing at an ever-increasing pace. New technological innovations keep pushing the boundaries of what we thought possible, every day. In spite of this, we tend to overestimate how much change we will see in the next year and underestimate the changes we will witness over the next 10 years. We just aren’t that good at predicting the future. When looking at the world today, it is hard imagine wholesale changes to the way we live.

Seed Weekly – Is FX an Asset Class?

At Seed, our investment process is designed to ensure that we make decisions that are not only good for our investors, but that those decisions can be repeated through the cycle – AND cycle after cycle. A large portion of our time is therefore spent determining where asset classes are priced versus their fair value.

Seed Weekly – A Big Picture Look at Global Market Statistics

In a relatively short space of time, debt levels across the world have ballooned. At the same time, the world economy and total asset base has grown. There is now a very real concern that global trade will slow, which naturally hampers economic growth, but also starts to put into sharper focus the quantum of debt outstanding.