Market Overview
In-depth market commentary detailing market performance over the quarter Market volatility – More of the same Market performance over quarter one (Q1) was deceptively upbeat given that most asset classes posted positive returns. In reality, these positive returns did not accurately reflect the volatility underlying the return journey. Significant headwinds persist which cloud the hope for a strong global economic recovery in 2023. Demand for safe-haven asset classes remained strong as investors became increasingly troubled by global economic growth prospects. All this necessitates continued caution in portfolio positioning. Over the quarter: Local equities sold off over the month of March 2023 amid worries around what the impact of the international banking sector sell-off would mean for local banks. Notwithstanding this concern, local equity markets ended the quarter up +2.4% as enthusiasm around China’s increased participation in global trade – following... Read More
Altertude – Client perspective
Roger Scharges Senior Onboarding Consultant Clients in-the-know make healthier financial decisions with GTC _______________________________________________________ Whilst global technology progress – across all industries – was accelerated as a consequence of remote working due to Covid-19, GTC’s tech journey began a long time before this. For some twenty years GTC has been progressively building bespoke digital solutions for the operations and management of our business, and most importantly, integrating this into our financial advisory processes. This singular platform, named Altertude by GTC, has enabled us to manage both our private clients and our large base of retirement fund members (GTC operates the 6th largest umbrella retirement fund in South Africa). Superior record keeping, task management, work-flows, status reports, visual dashboards, together with a consistency of advanced financial planning capabilities for each individual investor are at hand. Less staff... Read More
