In November 2025, the average prudential balanced portfolio returned 0.6% (October 2025: 2.4%). The top performer is the Old Mutual Pinnacle Profile Growth Fund, with 1.2%. The NAM Coronation Balanced Fund, with -1.2%, takes the bottom spot. Ninety One Managed Fund takes the top spot for the three months, outperforming the ‘average’ by roughly 1.3%. The NAM Coronation Balanced Fund underperformed the ‘average’ by 2.0% 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 30 November 2025 reviews portfolio performances and provides insightful portfolio analyses.

Hedge Funds in a World on Edge – A Namibian Investor’s View

The recent Laurium Capital article, “Why South African Investors Should Be Considering Hedge Funds Right Now,” argues that hedge funds can protect capital and enhance returns after an extraordinary run in equity markets. While that argument holds merit in a conventional business cycle, today’s global setting is anything but conventional.

Read paragraph 6 of the Monthly Review of Portfolio Performance to 31 October 2025 for an interesting perspective on global equity sectors.