Motswedi Emerging Manager Strategists April 2020 SA Listed Investments Survey

To the 22 May 2020, we saw the market continue to rebound. With much volatility still abound our managers have been taking advantage of opportunities as they have presented themselves. Some interesting quotes which come to mind are that of the Contrarian Investor: “The worse off the market is, the better the opportunities are to profit” and from Warren Buffet: "Be fearful when others are greedy, and greedy when others are fearful".

In our Global Multi-Asset (Global Balanced) section, we have introduced the “Global LMW Median” as an indicator and have credited Alexander Forbes Manager Watch.

We are truly living through extraordinary times.

Please stay safe and stay calm.

Mark Davids

Investment Strategy and Distribution

Cell: 083 222 9913

Tel: (010)110 8768

Fax: 011 656 1165

Email: davidsm@motswedi.co.za

Website: www.motswedi.co.za