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Historical performance is the biggest driver of money flowing into unit trusts. After a unit trust does well, flows come in, and after performance dips, investors move money out. But it is precisely this behaviour that is most detrimental to wealth creation.
Despite being one of the main drivers of growth and competitive advantage, brand value is often underestimated in the business world.
More than ever, South Africans are looking into investing offshore - with protection from the weakening Rand and the need for some buffering against an increasingly unstable economic climate being among the major drawcards. Investing overseas also offers access to investment options and structures that are not available on the domestic market.
Monday’s rare supermoon – where the moon will be the closest to the earth at any point between 1948 and 2034 – appears to be the apt metaphor for this year’s string of unlikely events. Some will say it started when the odds on Leicester City winning the English Premier League went from 5000/1 to 1/5 in May. Then Brexit happened, the United Kingdom’s withdrawal from the European Union membership, followed by Donald Trump’s election as president of the United States.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?