In July the average prudential balanced portfolio returned 0.61% (June: -2.85%). Top performer is Metropolitan (1.76%); while Allan Gray (-0.30%) takes the bottom spot. For the 3 month period Old Mutual, takes top spot, outperforming the ‘average’ by roughly 1.2%. On the other end of the scale Investec underperformed the ‘average’ by 0.9%.

In our performance review newsletter we present a guest commentary on the direction of interest rates and the outlook of asset classes. For the investor, this article provides an excellent guide to investing under prevailing uncertainties. Read part 6 of the Benchtest 07.2016 newsletter to find out what our investment views are.