Investec Investec Focus Radio SA

NOW Ep99: USA Inc | A superpower stumbles

Loading player...
Post the tariff turmoil, investors are reconsidering their exposure to the US market. In this episode of No Ordinary Wednesday, Annelise Peers, Chief Investment Officer at Investec Switzerland, and Richard Cardo, Portfolio Manager and Head of Single Manager Investments at Investec, who oversees the Investec Global Leaders Fund, delve into the macroeconomic and market dynamics reshaping global asset allocation.
Chapters
  • 00:00 Introduction
  • 01:14 What is Donald Trump trying to achieve with his policies?
  • 02:29 How have geopolitical shifts in 2024 due to changes in government across the world shaped the investment landscape?
  • 03:45 Is the US at risk of losing its status as the premier investment destination worldwide?
  • 05:55 Where are investors looking for opportunities outside the US?
  • 08:29 Why are you bullish on Europe?
  • 12:19 What sectors are investors looking at?
  • 15:27 What do investors still have in their portfolios?
  • 17:25 What are the current trends with various asset classes?
  • 19:02 What have been the consequences of the bond market sell-off?
  • 21:13 What to expect from the dollar in the medium-term
  • 22:20 How do you see the investment paradigm shaping up in the medium term?
29 Apr 2025 English South Africa Business · Investing

Other recent episodes

Macro Monday Ep129: Warsh’s hawkish speech

New Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium of central bankers on Friday, leading to a stronger US dollar and increased expectations of rate hikes this year and next year. Investec Investment Management’s Investment Strategist Osagyefo Mazwai examines what this means for the US…
31 Aug 9 min

No Ordinary Wednesday | The economics of tourism in SA

South Africa’s growth challenge is shifting from reform to delivery. Tourism is part of that test. International arrivals rose 12.3% in the first half of 2026. And phase III of the government-business Partnership now puts the sector firmly on the growth agenda, with a focus on air access, visas, safety…
25 Aug 12 min

Everything Counts | Episode 54: Protecting property wealth

Property is often seen as one of the more reliable ways to build long-term wealth. It’s tangible, familiar and, for many South Africans, an important part of their financial plan. But investing in property comes with risks that can be easy to overlook, from hidden costs and changing rental yields…
25 Aug 28 min

Macro Monday Ep128: US bond market intervention fails to bring down yields

Moves by the US Treasury to intervene in the bond market failed to bring down yields meaningfully, and the continuing worsening of the US’s fiscal position may explain why. According to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, the US’s debt-to-GDP ratio is above 100% and seems set…
24 Aug 4 min

Macro Monday Ep127: The Fed’s difficult position

The US Federal Reserve finds itself in a difficult position. The US economy has been shedding jobs, and wage growth is soft. At the same time, says Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, government debt continues to grind higher while inflation remains elevated, mainly the result of…
17 Aug 7 min
All episodes