March 12, 2014

Market Update – March 2014

Risk off, risk on markets Domestic markets continued to display considerable volatility during March as both global and domestic events impacted on investment sentiment. In the earlier part of the month risk off was largely dictated by indications of a slowdown in Chinese economic growth impacting negatively on South African exports of raw materials. This slowdown has increased speculation in the Chinese financial sector that weakening growth will prompt government policy makers to reconsider their aversion to introducing broad stimulus measures. The Chinese government faces a precarious balancing act of reining in credit expansion that often fuels the risk of loan default, while averting an economic slump that raises the odds of higher unemployment. Read the full article   GTC Fund Performances The GTC High Equity Funds (previously Aggressive) have continued to deliver outperformance relative to the inflation adjusted target. Over the...
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