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Balanced and equity update: Navigating extraordinary times

In this live-recorded webinar, Herman van Velze, STANLIB’s Head of Equity and Balanced funds and Henk Viljoen, senior portfolio manager share their views on the market impact of the coronavirus pandemic.

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Herman van Velze

Herman van Velze

Head of Equities

BEng (Mining), MBL

Herman has over 26-years’ industry experience. During his tenure at STANLIB, he has held the positions of portfolio manager, head of Research, head of Balanced Fund and now head of Equities.

Henk Viljoen

Henk Viljoen

Senior portfolio manager

MCom(Economics)(Cum laude)

Henk has been part of the Liberty group since 1990, where he was appointed as the head of Fixed income. In 2008, Henk handed over responsibility for the day-to-day management of all third-party, life asset and retail bond funds and in November 2019, he moved to the equity team as a senior portfolio manager.

Key takeouts 
  • SA economic and fiscal data is worse than the initial guidance suggested
  • However, like in other emerging market countries dealing with the impact of COVID-19, South Africa offers some buying opportunities but there are still significant uncertainty
  • Bonds have stabilised, supported by monetary stimulus, after initial liquidity driven selloff and although WGBI rebalancing may cause short term volatility, there is still value in the asset class
  • SA sectors currently offering opportunities include technology, diversified miners and insurance
  • Be selective when choosing risk assets, with preference for quality global shares

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