Research Portal

What we're investing in this month: TeamEasy on their TFSAs Apr 18

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Carly Barnes, Waylon Smit, Standwa Nongauza and and special East London guest Jono Bruton chat about why the ETFs in their Tax Free Savings ...
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Ciao private equity, hello (again) JSE

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Easy Equities clients can look forward to an attractive new addition to their investment options. Subject to the usual caveats and market ...
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Keeping calm in taxing times

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With April underway, topics concerning us all included a higher rate of VAT in South Africa, a trade skirmish started by the Trump White ...
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The scale of Amazon in an infographic

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AMAZON: AT A GLANCE Amazon has more than 304 million users, and 3 billion products selling on their 11 marketplaces – and every day, 1.3 ...
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Rallying round

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In my recent strategy note on banks (see “Mind the Gap” dated 20 March) I assessed only the big four banks, excluding Capitec as it has ...
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Trolley for Trolley

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All supermarket trolleys are not created equal, and a street turf battle has waged for some years to get more of the consumers’ grocery ...
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Naspers Valuation Update on Tencent Sell-Down

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Naspers’s sale of Tencent shares in the amount of 190 million, which is 2% of the 9,5 billion in issue, will realise around $10 billion. ...
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Mind the Gap

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The majority of us have bank accounts with the “big four” banks and, grudgingly, swallow debits for all manner of charges for transactions ...
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Intellidex monthly review: March 2018

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  Welcome to the first ETF Monthly Review, a neat monthly update of market news affecting ETFs, as well as a set of favourite funds chosen ...
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Progressive dividend hard to justify

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What was noteworthy about the 2017 annual result was a return to a “progressive” dividend policy, the sort of policy that hit a buffer once ...
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Listeriosis Infiltrates HACCP

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For many South Africans, polony, among other processed meats, is a staple foodstuff that is affordable and nutritious. The presence of a ...
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Keeping in Good Company with Your Equities

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What a difference a few weeks makes. The political landscape has shifted, South Africa has a new State President, there is a new dawn and ...
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Strengthening Fundamentals - M Ingham

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Since my last note on Anglo American dated 16 February (see “South African political tailwind”) the company has reported a pleasing set of ...
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Undervalued Offshore Opportunity on Rand Strength

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Bidcorp, the international foodservice specialist, reported good underlying constant currency results for the six months ended 31 December ...
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Intellidex monthly review: February 2018

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  Welcome to the first ETF Monthly Review, a neat monthly update of market news affecting ETFs, as well as a set of favourite funds chosen ...
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South African Political Tailwind

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A week is a long time in politics, a quote attributed to British Prime Minister Harold Wilson. In South Africa, the winds of political ...
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A Hedged Half

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Harmony produced a very solid set of interim results for the six months ended 31 December 2017. The result exceeded my earlier expectation ...
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Bid-divest

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If you want an example on the JSE of the shift in political mood, Bidvest, among others, fits the bill. The stock price has been almost ...
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Holding the line by M N Ingham

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Vodacom released a reasonable Q3 F2018 trading update but there is little fundamental reason to warrant a valuation upgrade. I tend to view ...
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Mispriced - by M N Ingham

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Mr Price is a good apparel retailer that is mispriced. After climbing by 37% since the end of November and by over 60% in six months the ...
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What we're investing in this month: TeamEasy on their TFSAs Jan 18

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Carly Barnes, Waylon Smit, Shaun Keeling and special guest Martin Harris chat about the Exchange Traded Funds, baskets and bundles they are ...
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Expensive, even at $74/ton spot iron ore - Kumba Iron Ore by M N Ingham

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Kumba is now significantly overvalued on a fundamental evaluation. Despite easing back to around R350 per share from highs above R400 a ...
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Mischievous rumblings or grains of truth? - by M N Ingham

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The now infamous Viceroy have a cloak-and-dagger modus operandi within a guise of anonymity that disregards common professional scruple. ...
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Earnings in Davy Jones' locker - by M N Ingham

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I’ve had a Sell recommendation on Woolworths for some time. In fact, three years back I advised that “Woolies has its hands full with its ...
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Trump's gift to Sasol - by M N Ingham

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In December, US President Donald Trump signed into law H.R. 1, originally known as the “Tax Cuts and Jobs Act.” There are major changes to ...
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Music to your ears - Naspers by M N Ingham

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Tencent, 33,3% owned by Naspers, is not short on corporate activity or pipeline. Spotify, a leader in music streaming, and Tencent Music ...
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Intellidex Reviews: Sygnia Itrix Top 40 & Swix 40

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Sygnia is a relative newcomer to ETF market, launching its own versions of the most popular funds and taking on the established players by ...
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Opinion: Disney, is the business model also magical?

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We all have that very fond memory of watching our favourite Disney movie over and over, or listening repeatedly to the soundtrack of our ...
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“Politics-proofing your portfolio” M N Ingham

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The 54th ANC national conference runs from the 16th to the 20th of December. A new ANC president is to be elected. The difference between ...
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Intellidex Reviews: Sygnia 4th Industrial Revolution ETF

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Local investors now have a viable option to invest in the world’s most exciting global technology stocks that have the potential to ...
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Mark Ingham: Still value left, but it’s eroding fast at shuttered-up Steinhoff

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Mark Ingham: Still value left, but it’s eroding fast at shuttered-up Steinhoff "It becomes obvious early during this interview that ...
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Looking at Liquidity - Steinhoff

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The latest ad hoc announcement from Steinhoff has two components – one which begs more questions than it answers relating to the validity ...
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"Glamorous goodies:" Richemont fundamental analysis

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 In the past year, Richemont took some internally disruptive measures to make sure that the Group remains top of its game in luxury goods. ...
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Intellidex Reviews: Sygnia Itrix S&P 500

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Sygnia introduced four new ETFs to the JSE at the end of last month: Itrix S&P 500; Itrix Global Property ETF; Itrix SWIX 40 ETF; and ...
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What we're investing in this month: TeamEasy on their TFSAs Nov 17

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Standwa Nongauza, Waylon Smit, Shaun Keeling and Carly Barnes chat about the Exchange Traded Funds (ETFs), baskets and bundles they are ...
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Intellidex Reviews: Ashburton Inflation ETF

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The politically seismic events occurring in Zimbabwe serve as a strong reminder of the importance of protecting investments against ...
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Investing in the USA - BizNews US Exponential Bundle

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How exciting! A USA bundle to start investing in dollars on our platform! The first one and not the last!
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Intellidex on the Resource Sector

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Performance review:  Resource shares have been stellar performers over the past two years. The general mining index, which is made up of ...
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Intellidex's favourite funds for November

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Each month Intellidex updates a list of ETFs, from a pool of 57 listed on the JSE, that it considers the best on offer across several asset ...
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Intellidex Reviews: Satrix INDI 25

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Performance review: Industrial companies have been the best performers on the JSE over the 10 years to end-September. This has been the top ...
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Long4Life: "From a standing start to R5 billion"

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 The indefatigable Brian Joffe, who recently turned 70 years of age, has invested his considerable business acumen in a start-up called ...
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Intellidex Reviews: NewFunds S&P GIVI SA Industrial 25

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We usually think of the JSE’s listed companies in terms of three main divisions: resources, industrials and financials. Industrials include ...
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Intellidex Reviews: CoreShares S&P SA Low Volatility

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The CoreShares S&P SA Low Volatility ETF aims to lower the risk of equity investments by investing in stocks with relatively low ...
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Moral Compass: Ingham chats ethical investing and US stocks

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  EasyEquities is launching investors in to a brave new world, that of US stocks. Shortly, after the virtual trial, you’ll be able to ...
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Intellidex Reviews: Ashburton Quality 1200

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The flurry of new ETF listings this year is not over. Financial engineering has gripped the world of investing as institutions try to set ...
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Intellidex Reviews: ETF picks October 2017

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Fund managers are taking the exchange traded funds (ETF) market more seriously. A raft of new ETFs have been listed on the JSE since the ...
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Intellidex Reviews: NewFunds S&P GIVI SA Financial 15

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Although SA is known globally for its minerals, it is the financial sector that contributes more to its GDP, accounting for 22% last year ...
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Intellidex Reviews: Satrix Quality SA ETF

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After listing five ETFs earlier this year, Satrix is planning to list another – a smart beta ETF. Traditionally ETFs track their benchmark ...
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Intellidex Reviews: NewFunds NewSA ETF

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Social investing is gaining momentum globally as more and more people become conscious of “ethical” investing. Locally, we have two ETFs ...
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Intellidex Reviews: NewFunds MAPPS Protect ETF

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Performance review:  NewFunds MAPPS Protect has not been able to fulfil its promise of preserving the purchasing power of its investments. ...
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Intellidex Reviews: NewFunds MAPPS Growth ETF Review

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“Don’t put all your eggs in one basket” – an old rule of thumb that encapsulates the importance of diversifying your investments. Absa’s ...
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Intellidex Reviews: NewFunds SWIX 40 ETF review

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The NewFunds Swix 40 and other funds that track SA’s major equity indices have been under pressure over the past three years. This is ...
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Intellidex Reviews: NewFunds ILBI (inflation-linked bond index) ETF review

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Protecting your money against inflation is crucial. An extreme example comes from Zimbabweans who retired between 2000 and 2009, and had ...
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Intellidex Reviews: Sygnia MSCI US ETF

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Investors in the db X-tracker ETFs are poised to get better rand returns from their investments as their new owner cuts costs. Sygnia ...
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Intellidex Reviews: NewFunds Govi ETF

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Bonds add something different to your portfolio, and that alone is a good reason to hold them. Bonds have a very different risk return ...
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Intellidex Reviews: NewFunds Equity Momentum ETF

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Since our review of this fund in March last year, it has changed its name and benchmark index to NewFunds Risk-Controlled WITS SA-Momentum ...
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Initial public offer: Satrix S&P 500 ETF

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Satrix, the first provider of ETFs in SA, has recently launched three new ETFs. The initial public offers for these closed yesterday, but ...
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Initial public offer: Satrix MSCI World ETF

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Although Satrix has the oldest index tracking ETF in SA, it has seen the market become more competitive over time, with many newer, often ...
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Initial public offer: Satrix MSCI Emerging Markets ETF

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As competition for the growing market of indexed products intensifies, Satrix, SA’s oldest ETF provider, is stepping up its game. After ...
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ETF Strategy 3: Core-Satellite Strategy

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Intellidex and EasyEquities teamed up to run a series of articles explaining how retail investors can use ETFs as part of their broader ...
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Intellidex Reviews: ETF strategy 2: Portfolio completion

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Intellidex and EasyEquities teamed up to run a series of articles explaining how retail investors can use ETFs as part of their broader ...
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Intellidex Reviews: Using ETFs to allocate your portfolio across assets

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ETFs are not just a useful investment on their own. They are also good instruments to use to build a diverse investment portfolio. In our ...
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Intellidex Reviews: Ashburton MidCap ETF

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Only R7.4bn, equivalent to less than 1% of assets in retail unit trusts and ETFs, is invested in mid- and small-cap funds, statistics from ...
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Intellidex Reviews: Krugerrand Custodial Certificates ETF

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This week we diverge from our usual TFSA-compliant ETFs to look into an unusual ETF that invests only in Krugerrands. Because it invests in ...
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Intellidex Reviews: NewFunds TRACI 3-Month ETF

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Performance review This low risk fund outperformed equities during the period after the JSE had a difficult year. The fund invests in money ...
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Intellidex Reviews: CoreShares Top50 ETF

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Performance review The CoreShares Top50 ETF has delivered returns of 5.7% for the 12 months to end-February. This is a good turnaround from ...
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Intellidex top ETF picks for May 2017

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This week we update our list of favourite exchange traded funds (ETFs), taking into account both the performance of investment markets and ...
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Intellidex Reviews: Satrix Swix 40 Index Fund ETF

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Performance review After a string of losing months, April has turned out to be very positive for the Swix 40, ensuring it ends the month ...
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Intellidex Reviews: Cloud Atlas AMI Big50 ex-SA ETF

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This new fund presents the first opportunity to invest in African markets, excluding SA, through an ETF. The AMI Big50 ex-SA ETF is offered ...
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Intellidex reviews: Satrix Top 40 Index Fund

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ETF ANALYSIS Satrix Top 40 Index Fund Performance review The JSE all share index has moved sideways for more than two years and the Satrix ...
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Intellidex reviews: CoreShares PrefTrax

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ETF ANALYSIS Performance review Preference shares listed on the JSE have enjoyed a solid performance over the past two years. The ...
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Intellidex top ETF picks for April 2017

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We review the list of Intellidex’s favourite exchange traded funds (ETFs), taking into account market developments during the month of ...
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Intellidex reviews: STANLIB SA Property ETF

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ETF ANALYSIS Performance review SA property has been the best-performing asset over the past decade, thanks largely to the low interest ...
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Intellidex reviews: NewFunds S&P GIVI South Africa Top 50

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ETF ANALYSIS Performance review This ETF follows smart beta construction criteria, using alternative index construction rules instead of ...
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Intellidex reviews: Satrix Property ETF

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ETF ANALYSIS Background: Exchange traded funds (ETFs) Exchange Traded Funds (ETFs) are passively managed investment funds that track the ...
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Intellidex top ETF picks for March 2017

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  Every month Intellidex updates the list of its preferred Exchange Traded Funds (ETFs) based on economic developments as well as new ...
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Intellidex reviews: Satrix ILBI ETF

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ETF ANALYSIS Satrix ILBI ETF The Satrix Ilbi is a new addition to SA’s ETF market, showing that it continues to gain momentum. Three new ...
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Intellidex reviews: NewFunds Shari'ah Top 40 Index Fund

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ETF ANALYSIS NewFunds Shari'ah Top 40 Index Fund Performance review The Shari’ah Top 40 ETF had a good year relative to other funds that ...
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Intellidex reviews: US Dollar Custodial Certificates ETF

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ETF ANALYSIS US Dollar Custodial Certificates (DCC) South Africans now have a facility to invest directly in US treasuries through a new ...
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Intellidex reviews: NewFunds Swix 40 ETF

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ETF ANALYSIS NewFunds Swix 40 ETF Suitability  After looking at the Stanlib 40 ETF last week, this week we focus on the NewFunds Swix 40 ...
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Intellidex reviews: Stanlib 40 ETF

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  ETF ANALYSIS Stanlib 40 ETF Suitability This week we review the Stanlib Top 40 ETF, which gives exposure to the 40 biggest companies ...
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Intellidex reviews: db x-trackers (now Sygnia) Euro Stoxx 50 Index ETF

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ETF ANALYSIS db x-trackers Euro Stoxx 50 Index ETF Performance review This ETF is popular for its rand hedge properties which were ...
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Intellidex top ETF picks for Jan 2017

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2016 was a bad year for ETF investors as all the major indices failed to produce decent returns. The top 40, one the most popular indices ...
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Intellidex reviews: MSCI World Index ETF (Now Sygnia)

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Performance Review The db x-tracker ETFs have traditionally derived the bulk of their returns from foreign exchange rate gains. The db ...
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Intellidex reviews: db x-trackers USA Index ETF (Now Sygnia)

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Performance Review International ETFs have proven to be popular among South African investors since Deutsche Bank introduced the first ...
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Intellidex top ETF picks for Dec 2016

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Each month Intellidex picks its preferred funds from each of six broad classes of investment strategies. Beginning last month, we expanded ...
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Intellidex reviews: Ashburton Top 40 ETF

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Performance review It is a year since we last reviewed this ETF. And it has been a bad year for investors in it thanks to its exposure to ...
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Intellidex reviews: CoreShares S&P Global Property ETF

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This week we look at the second of the two ETFs launched recently which offer South African investors an alternative to the DB x trackers ...
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Intellidex reviews: CoreShares S&P 500

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Two new exchange-traded funds launched recently offer South African investors new ways to access global markets. CoreShares, owned by ...
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Intellidex top ETF picks for Nov 2016

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The five exchange-traded funds (ETFs) that Intellidex chooses as its picks each month are usually the best funds available in each of five ...
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Intellidex reviews: NewFunds Swix 40 ETF

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Performance review   The NewFunds Swix 40 ETF was our pick among the top 40 funds last year when we identified our favourite ETFs in each ...
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Intellidex reviews: CORESHARES PropTrax SAPY

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Performance review   SA property has been one of the best-performing sectors over the past decade thanks largely to the low interest rate ...
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Intellidex reviews: db X-tracker (now Sygnia) MSCI World Index ETF

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  Performance review: The past 12 months haven’t been rosy for the db X-tracker MSCI World Index ETF (db X-World) and other international ...
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Recap of Intellidex's Recommended ETFs

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ETF ANALYSIS The five exchange-traded funds (ETFs) that Intellidex recommended in May as the best in their categories have performed well ...
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Fini Who? The Satrix Fini ETF!

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Suitability: Satrix Fini is one of two ETFs listed on the JSE that invests all its funds only in the financial services sector. We strongly ...
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A look at another of the JSE’s large-cap tracking funds, the Satrix Swix 40 ETF

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Suitability:  This week we take a look at another of the JSE’s large-cap tracking funds, the Satrix Swix 40 ETF. The fund is ideal for ...
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ETF Tuesday: exposure to the 40 biggest companies listed on the JSE

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  Suitability:  There are a number of funds which give exposure to the 40 biggest companies listed on the JSE. They represent at least 80% ...
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Stanlib SA Property ETF: Exposure to SA’s commercial property market

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  Suitability: This is one of three listed exchange-traded funds which provides exposure to SA’s commercial property market. Investors can ...
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Do you own the Satrix 40 ETF?

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  Suitability:  The Satrix 40 ETF is ideal for investors with a medium- to long-term investment horizon and can be used as part of a core ...
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Do you have a medium- to long-term investment horizon?

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  Suitability:  The CoreShares Top50 ETF is ideal for investors with a medium- to long-term investment horizon and can be used as part of ...
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