WEALTH WATCH
Before you blow your bond…
Black Friday bargains might be hard to resist, but getting into debt is harder to resolve
One of the difficulties for a fund manager or an adviser is that most of the time the right decision is to take no action. To be fair, many sensible advisers have cottoned on to this: they got their fingers burnt by putting clients into faddish products such as small cap and technology funds. But most no longer go down to the engine room and get involved in the nitty-gritty of picking funds. They just get involved in high-level planning, outsourcing the business of fund picking to designated investment managers (DIMs). I am not sure if Glacier by Sanlam considers itself a DIM, but it certainly does fund picking as a multimanager. Glacier researcher Luke McMahon believes slight adjustments to a portfolio can have a meaningful impact on investment values. Portfolio management is an iterative process that includes construction, analysis and then revision.Even those who oppose market timing approve of what is called rebalancing. Portfolios with fixed asset allocation would want to reali...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.