The 6th GIB Investment Summit, held at the Wanderers, brought industry leaders together to discuss investments, “challenging-the-norm”, thought leadership and new trends that are disrupting the investment industry.
Leading asset managers from Allan Gray, Coronation, Fairtree, Old Mutual, Orbis and Momentum participated at the event and discussed topics ranging from top 10 equity holdings, good entry prices to purchase shares/stocks to add to your portfolio, macro factors that are key drivers taken into consideration when deciding what a good entry price and stock is, analysing macro factors when deciding whether a company will be profitable in the long term and cycles of the economy and gaming.
Nadia Van Der Merwe, a leading business analyst from Orbis discussed responsible investing, highlighting how Orbis prioritises the responsibility of stewardship on behalf of their investors via social governance and strict engagement with company executives and respects proxy voting on behalf of the investor, which is clearly illustrated as part of their investment philosophy.
One of the most energetic debates was the crypto currency panel discussion with Ran Neu-Ner or CNBC’s The Crypto Trader, Neville Chester of Coronation and Grant Watson from Old Mutual which focused on crypto versus traditional investments. Strong views from both sides were debated around the total number of crypto coins that will be in existence and that this amount will be capped, disrupting the current stream of supply and demand. A traditional manager questioned the impact of multiple global transactions and how this is possible, as when transfers are verified on blockchain (mining) one is rewarded with additional coins for this service (transaction), which eventually has to disrupt the total amount of crypto coins available as currently each time a transaction is made one is rewarded with a coin.
Old Mutual stated that it is one of the first large asset houses that has adopted AI (artificial intelligence) and big data analytics to flag investment opportunities and algorithms together with human investment expertise, which could be the future of traditional asset managers and which has the potential to significantly change the investment landscape.
Glenn Gamsy, managing director of GIB Financial Services says, “Our approach rests on blending active and passive investment strategies to give clients optimal outcomes. In line with that, sharing views and opinions about current and future investment strategies and trends gives clients and managers opportunities to understand market direction and the trends that will impact decisions on their investments.”
About GIB Financial Services
GIB Financial Services is part of the GIB Insurance Broking Group which is one of the largest independent, wholly South African owned Financial Services consultancies in the country. It is 40% owned by Lephatsi’s Herman Mashaba.
GIB’s focus is on delivering bespoke products and solutions centred on clients’ needs. They pride themselves on offering and maintaining exceptional standards of service whilst striving to innovate but staying true to traditional values of trust and disclosure. GIB blends best of breed whilst ensuring low costs and investment allocations to maximise investment returns within an appropriate level of risk.
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