In October 2023, the average prudential balanced portfolio returned -1.5% (September 2023: -2.3%). The top performer is Investment Solutions Balanced Growth Fund, with  -0.9%, while Namibia Coronation Balanced Plus Fund, with -2.4%, takes the bottom spot. For the three months, Allan Gray Namibia Fund takes the top spot, outperforming the 'average' by roughly 2.4%. Namibia Coronation Balanced Plus 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. (Refer to graphs 3.1.3 to 3.1.5 for a more insightful picture of the relative long-term performances of the portfolios and the asset classes.)

The Monthly Review of Portfolio Performance to 31 October 2023 also reflects the editor’s views on current developments and their impact on investment markets.

Navigating the Investment Landscape: A Guide for Residents in the SA Rand Common Monetary Area

Investing in the SA Rand CMA presents both challenges and opportunities. By carefully considering the global context, understanding SA Rand's dynamics, and seeking professional guidance, investors can make informed decisions that maximise their potential returns while managing associated risks.

The Benchmark Default Portfolio is a globally diversified portfolio appropriate for the average fund member with a long-term investment horizon. Graph 6.2 shows how well the black line of the Default Portfolio stood up against the yellow line of the average prudential balanced portfolio and the various underlying asset classes since 2010.

Graph 6.2

The Fund’s board of trustees actively manages it in consultation with NMG, our investment consultants. It is aimed at members and employers who are hesitant to make investment decisions.

In the Monthly Review of Portfolio Performance to 31 October 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.