Investment philosophy strategy
Our investment philosophy and strategy Due to our wide range of clients with differing investment objectives, ranging from the broad spectrum of retirement fund members, to individual investors with diverse objectives, GTC caters for a variety of investment strategies. Investment objectives range from short term money market type holdings through to aggressive capital growth pursuing portfolios. Whilst these divergent objectives require fundamentally differing strategies, GTC consistently applies, to the extent possible, a philosophy of building capital on capital. This is not necessarily conventional absolute return investing, but places significant store in preserving gains made and continually building a portfolio rather than being driven by market momentum. The principle of being focused on not losing money in bad times and making money in good times, is irrefutable. For example if an investor had R100 two years ago and endured a 50%... Read More
Market Overview
The global developed equity market, sold off some -5.2% in USD over the quarter while emerging markets retracted nearly -7% over the same period. The negative returns from these equity markets can be in part attributed to the more hawkish stance of central banks and their concerns of deepening inflation, Russia’s invasion of Ukraine, widespread sanction against Russia, the energy crisis in Europe, and overall sluggish global economic growth. Brent crude oil came under significant pressure over the quarter, rising well over $130/barrel before retreating to close the quarter at $108/barrel. The local equity market (+6.7%) outperformed both developed and emerging markets in both base currency and rand terms over the quarter. This performance was primarily driven by the strong rally in Financials (+20.2%) and Resources (+18.2%). Local banks reported relatively robust balance sheets and stronger than expected earnings. Industrials... Read More
Fiduciary Services
Trisca Hattingh Head – Fiduciary Services Your spouse has died at home… Now what? The old cliché about taxes and death comes to mind… Death is a certainty, and however unwanted and unexpected it might be, there are steps which can, and should, be planned for. Someone dying at your residence is always an emotional affair, whether they were suffering from a longstanding illness, or if the death was sudden. No one is ever fully prepared for a death at home. Through the grieving, you will be required to bear additional duties such as plan their funeral and see that their testamentary wishes are followed. Questions which immediately spring to mind include: What do I do? Who do I call? What about guests and children in my house? Where do I get help? The collective experiences... Read More
Wealth Management
Jenny Williams Senior Servicing Consultant Your Will and testament: A family financial planning necessity A last Will and testament should be carefully reviewed and regularly updated to ensure that the surviving family members’ well-being are adequately addressed following the death of a family member. Including the whole family in discussions about family financial planning, will ensure that all members are aware of the deceased family members’ specific wishes. Jenny notes that “Establishing the requirements and details of a Will is a priority in terms of discussions, which need to take place with your family and financial adviser”. This will progress to drafting, signing, and storing of the physical document, and ensure that relevant persons know its content, expectations, and whereabouts. Most importantly, knowing the whereabouts of all the assets of the deceased is fundamental, ensuring no assets... Read More
Employee Benefits
Sabir Bacus Senior Benefit Consultant Group Life Assurance (GLA) An insured Group Life Assurance (GLA) policy is a form of insurance which provides independent life cover (death benefits) to individuals within a group of people. This group is almost always made up of employees of a particular employer (via an employer owned policy) or members of a particular retirement fund (via a fund owned policy). The life cover is insured with a registered insurance company. If an insured employee or a member of a retirement fund dies, the insured benefit is paid out, usually as a lump sum, to the employee’s or member’s beneficiaries, respectively. The level of cover is usually determined by the employer and may be constructed in different ways. The most common basis of determining cover is as a multiple of annual salary,... Read More
Altertude
Andre Lindeque Senior Servicing Consultant Are you thinking that GTC misspelt Altitude? Rest assured, both the word and the spelling are intentional. So, what is Altertude? Altertude is GTC’s overarching technology stack that has been created to engage with, report on, and maintain records for clients. It incorporates all the elements and platforms used to create a comprehensive financial wellness plan, providing a single repository in which one can view financial goals and aspirations, investment strategies, risk exposure, financial reports, and projections. Altertude requires that a user alters their attitude once they use the various components of the package. By doing so, they are raising their game. So, whether it’s an alliteration, a spoonerism or even a malapropism, Altertude is a GTC word motivating a change of both attitude and expectation. Altertude cuts through the jargon... Read More
Who manages your money?
Continuing our introduction to the mechanisms and people within GTC’s Asset Management team, meet some of the team who carry out the responsibilities of managing your assets. In these short interviews, the team provides insight into their personal lives and answers some questions about themselves and their families. Manty Seligman Director – Asset Management Manty is a married dad of three, two daughters (28 and 22), and a son (25). Manty believes that the family unit is hugely important and considers himself a family man. Manty jokes “When I was younger, I aspired to being a “benevolent dictator””. Manty resides in Sandton, Johannesburg, and primarily working out of the Jo’burg office. Manty found that his early fascination with – and desire to understand – market movements and pricing, drew him to want to understand economics and social... Read More