In March 2025, the average prudential balanced portfolio returned 0.1% (February 2025: -0.2%). The top performer is the Allan Gray Balanced Fund, with 1.8%, while the NAM Coronation Balanced Plus Fund, with minus 1.4%, takes the bottom spot. Allan Gray Balanced Fund took the top spot for the three months, outperforming the ‘average’ by roughly 2.6%. The Stanlib Managed Fund underperformed the ‘average’ by 2.1% 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 March 2025 reviews portfolio performances and provides insightful analyses.
‘Hurricane Trump’ and the bigger picture
The US is much more than President Trump and will sail the seas long after his demise. So the bigger picture remains its global supremacy and singularity even after Hurricane Trump’. If it was left to Europe, the world would still live in peace for another three years. But will the East afford it the time, and must the investor now adopt a short-term strategy?
Market volatility is normal and should not derail a well-planned long-term investment strategy. Investors can navigate the ups and downs by staying the course, focusing on long-term growth, and taking advantage of market dips. Investors must know their needs and adapt their investment strategy to short-term needs.
Investing during times of uncertainty requires a balanced approach that combines defensive strategies with opportunistic investments. While the potential for global conflict and economic downturns poses significant risks, it also presents opportunities for those who can navigate the complexities of the market. By focusing on value, diversifying geographically, and being flexible in your asset allocation, you can position yourself to protect and grow your discretionary assets in future years.
These strategies should be tailored to your financial situation, risk tolerance, long-term goals and investment horizon.
Read paragraph 6 of the Monthly Review of Portfolio Performance to 31 March 2025 for our views on investment markets and global political developments. It also reviews portfolio performances and provides insightful analyses.