For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global
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The investment team at Morningstar has written previously about the local fixed income universe and the complexities of navigating the wide (and still growing) range of funds available to investors. Recent news about the potential default of loans provided to a taxi financing business, Bridge Taxi Finance, has again highlighted the care that needs to be taken in making fund selection choices in the South African fixed income universe. Do you have a Discovery bank account? You can appoint us as your personal banking advisor. We cannot view your bank account's confidential information, but you can share your Discovery Bank mobile app with us online or in person, and we can show you how to navigate the app better and understand its features.
We can assist you with: - Upgrading credit cards or banking packages - Understanding and improving your credit rating - Earning more Discovery Miles rewards - Better use of Discovery Miles for shopping - Opening a foreign currency account - Applying for a home loan (coming soon). If you do not have a Discovery bank account or credit card yet, we can also provide advice and help you open an account. If needed, please email us at [email protected] or call 083-633-4671, 076-200-5488. As per the October 2021 report, South Africa had five areas (out of 40) of non-compliance, 15 areas of partial compliance, 17 areas of being largely compliant and three areas of being fully compliant. South Africa was then given time to address these concerns, however, we couldn’t do so adequately in the time given and were subsequently added to the Greylist on 24 February 2023. For those looking for a more detailed refresher, please refer to our March 2023 article. In March 2024 the Johannesburg Stock Exchange (JSE) will implement the first phase of its Index Harmonisation project. The first phase will, initially, align the weighting methodologies of what the JSE are calling their ‘vanilla’ indices [which includes the FTSE/JSE All Share Index (ALSI) and the FTSE/JSE Top 40 Index] with those of their Shareholder Weighted (SWIX) variants. The second phase of the project will see the termination of the SWIX indices and the effective collapse of the vanilla and SWIX indices into one set of benchmark indices. It has not yet been announced when the second phase will be implemented. ![]() Discovery Insure has shared that in the past few months they have seen an increase in the number of queries about wear and tear. They shared this Smart Tip which provides clarity on what wear and tear is and how to mitigate against it. What is wear and tear? Wear and tear refers to the gradual damage or deterioration that happens over time because of regular use, ageing and exposure to various environmental factors. Some common examples of wear and tear
Why is wear and tear not covered? Insurance provides cover for sudden, uncertain and unforeseen events. Wear and tear occurs gradually over time, and this can be foreseen or even expected. Therefore, wear and tear is not an insurable event. With good maintenance and proper risk management, wear and tear can be minimised. Tips to reduce wear and tear
Source: Discovery Insure This comes as no surprise, but us as human beings prefer immediate gratification. In fact, research indicates that 55% of people will prioritise immediate consumption over putting money away for the future. This is known as ‘present bias’ – we don’t like thinking about the future and we mistakenly assume we will have time to make up any deficit by startingto save and invest later. I am sure that this sounds very familiar to you as a financial adviser, and you probably encounter this too often with your clients. |
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January 2025
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