In September 2023, the average prudential balanced portfolio returned -2.3% (August 2023: 0.4%). The top performer is Hangala Capital Absolute Balanced Fund, with -1.1%, while Namibia Coronation Balanced Plus Fund, with -4.0%, takes the bottom spot. For the three months, Allan Gray Namibia Fund takes the top spot, outperforming the 'average' by roughly 1.6%. On the other end of the scale, NinetyOne Managed Fund underperformed the 'average' by 1.9%. Note that these returns are before (gross of) asset management fees. (Refer to graphs 3.1.3 to 3.1.5 for a more insightful picture of the rolling long-term performances of the portfolios and the asset classes.)

The Monthly Review of Portfolio Performance to 30 September 2023 also reflects the editor’s views on current developments and their impact on investment markets.

How do you invest when the Namibia Dollar is weak and political risks are high?

Investing when the Namibia Dollar is heavily undervalued and global tensions - such as those arising from the Ukraine and Palestine conflicts, and not to forget the Taiwan tensions between the US and China - requires a strategic approach prioritising capital preservation and wealth protection. Diversifying your assets across different currencies and international markets can help mitigate the impact of a Namibia dollar devaluation and economic instability in the Common Monetary Area. Consulting with a financial advisor specialising in international investments may also be beneficial in developing a tailored strategy.

In the Monthly Review of Portfolio Performance to 30 September 2023, we elaborate on the strategies an investor should follow under the above circumstances. It also reflects the editor’s views on current developments and their impact on investment markets. Download it here...