In July 2022, the average prudential balanced portfolio returned 2.9% (June 2022: -3.7%). The top performer is Stanlib Managed Fund with 4.0%, while Allan Gray Balanced Fund with 2.0% takes the bottom spot. For the 3-months Allan Gray Balanced Fund takes the top spot, outperforming the 'average' by roughly 1.2%. Momentum Namibia Growth Fund underperformed the 'average' by 1.9% on the other end of the scale. Note that these returns are before (gross of) asset management fees.

The Monthly Review of Portfolio Performance to 31 July 2022  provides a full review of portfolio performances and other insightful analyses. 

We are all in the hands of the Fed

The investor cannot foresee any new crisis hitting financial markets nor how and when the Fed will respond to it. Chopping and changing one’s investment portfolio in response to what happened in the markets, stands a good chance of wrong timing. Investing is a long-term game. Saving is a short-term game. One must have a long-term strategy for one’s investments. One may change one’s investment strategy in response to changing personal circumstances and apply short-term tactical measures in the transition process. One should not employ short-term tactical measures to respond to what happened in the markets. The typical prudential balanced portfolio is an ideal vehicle for the long-term investor. It comprises of all the main asset classes and is managed pro-actively based on prevailing and expected market- and economic conditions.

The Monthly Review of Portfolio Performance to 31 July 2022  provides a full review of portfolio performances and other insightful analyses.