South Africa - Institutional
Press Releases
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Coronation delivers a good set of results
11 November 2014 - Coronation InsightsAssets under management at 30 September of R588 billion, up 20% Diluted headline earnings per share of 571.6 cents, up 37% Total dividend per share of 571 cents Leading independent long-term investment house Coronation Fund Managers (Coronation) today announced a good set of results for the 12 months to 30 September 2014. Revenue increased by 31% to R4.8 billion for the financial year from the...
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Coronation still head of the pack
19 July 2014 - Laura du PreezCoronation Fund Managers maintained its lead among companies that manage unit trusts that invest in South African markets, as well as rand-denominated funds that invest in foreign markets, the latest survey by PlexCrown Fund Ratings shows. For the quarter to the end of June, Allan Gray was in second place, and Nedgroup Investments was ranked third. The survey rates collective investment...
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Top Companies 2014
01 June 2014 - Coronation InsightsCoronation Fund Managers is the Financial Mail's Top Company for the second year in succession. This is quite a feat - in the history of Top Companies, there has never been a back-to-back winner...
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International Outlook
01 May 2014 - Tony GibsonNot surprisingly, given the outsized returns experienced in 2013, the first quarter of 2014 was a lot more volatile than at any time over the past year or two. In the end, however, equity markets were essentially directionless over the full quarter. The causes of the elevated volatility can be attributed to a number of confidence-sapping events, namely:unsettling geopolitical developments in...
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Market Review
01 May 2014 - Quinton IvanInvestor risk appetite waned in the first quarter of 2014. This was largely driven by concerns over shrinking global liquidity as the US Federal Reserve gradually ends quantitative easing; weak economic data out of China; and political instability which culminated in the annexation of Crimea by Russia. The net result saw capital flows redirected from emerging markets to developed markets. For the...
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Africa
01 May 2014 - Peter LegerWe recently returned from a visit to Pakistan where we met with a cross-section of businesses. In all honesty, we weren’t quite sure what to expect which allowed for a pleasant surprise. The management teams we met with were most impressive and the companies well run, with exciting prospects given the dynamics of the Pakistani market. What was even more striking was the general level of interest...
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Bond Outlook
01 May 2014 - Mark le RouxWe started the year with a slightly more upbeat stance with respect to long bonds, after the relatively poor previous 12 months. Heading into 2014, a fair amount of bad news was already in the price: 2013 had seen a meaningful sell-off in yields; the currency had materially depreciated and continued to do so in January; and QE tapering had been announced and implemented by the US...
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Brazil
01 April 2014 - Suhail SulemanCoronation’s Global Emerging Markets Fund has just over one-quarter of the portfolio invested in Brazilian equities. Given our clean slate, bottom-up approach to building portfolios, it should not be surprising that we are often significantly more exposed to certain countries than the index and many of our peers. In this regard, we are frequently asked why we have significant...