It has been a tumultuous year both globally and locally, with most South Africans increasingly anxious for the future. However, given that local markets have picked up substantially since June 2017, is the situation really as dire as most would suppose? That was the question posed by Elize Botha, MD of Old Mutual Unit Trusts, when she welcomed guests to the recent Financial Mail Private Lounge, presented with Old Mutual Wealth. The focus of the event was understanding the psychology of retail investors and managing client expectations in the so-called “low-return environment”. While South Africa has been bombarded with a number of challenges in the past year, including a credit rating downgrade, investors should not give undue concern to the idea of a low-return environment, said Dave Mohr, chief investment strategist at Old Mutual Wealth. He agreed that while these were uncertain times, financial advisers who kept focusing on the low-growth environment risked alienating retail inve...

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