Top small-cap picks for 2022

2022-01-13 06:50:00 PM

It’s rare that a hand-picked portfolio returning a more than 40% gain over a year is comfortably trounced by the index. Welcome to the weird and wonderful world of JSE small caps ...

It’s rare that a hand-picked portfolio returning a more than 40% gain over a year is comfortably trounced by the index. Welcome to the weird and wonderful world of JSE small caps ...

It’s rare that a hand-picked portfolio returning a more than 40% gain over a year is comfortably trounced by the index. Welcome to the weird and wonderful world of JSE small caps ...

Marc HasenfussThe FM’s small-cap picks for 2021 returned more than 40% capital gain for the year — excluding the payment of some really sumptuous dividends, which would have brought the gains to closer to 45%.The portfolio was also underweight commodity counters, which makes its performance all the more commendable. In addition, none of the companies we selected benefited from the buyout/delisting trend, which continued to rage on the JSE.That said, the FM’s portfolio underperformed its benchmark. The scoreboard will show that the JSE’s small-cap index returned well over 50% over the year — a spectacular performance from an asset class that, not too long ago, was neglected and derided when a handful of large international companies were consistently driving the JSE higher and higher.By comparison, the JSE’s all share and mid-cap indices were up about 25% for 2021, while the top 40 was up just shy of 24%.There were some great small-cap rebounds during the year, with some of the standouts being el...

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13 January 2022 - 05:00 Marc Hasenfuss The FM’s small-cap picks for 2021 returned more than 40% capital gain for the year — excluding the payment of some really sumptuous dividends, which would have brought the gains to closer to 45%.In a research note on Tuesday (11 January), the bank noted that South Africa was particularly hard hit by the omicron scare because local scientists were the first to identify and sound the alarm on the new variant.READ: It follows a tough two years due to the Covid-19 pandemic.‘He is on the rise’: ‘Saturday Night Live’ star Pete Davidson is reportedly being considered to host the 2022 Oscars.

The portfolio was also underweight commodity counters, which makes its performance all the more commendable. In addition, none of the companies we selected benefited from the buyout/delisting trend, which continued to rage on the JSE. “Although most of these bans were gradually lifted, they nonetheless weighed on sentiment and the country’s growth prospects.That said, the FM’s portfolio underperformed its benchmark. The scoreboard will show that the JSE’s small-cap index returned well over 50% over the year — a spectacular performance from an asset class that, not too long ago, was neglected and derided when a handful of large international companies were consistently driving the JSE higher and higher.” “The scene is set for a volatile year.By comparison, the JSE’s all share and mid-cap indices were up about 25% for 2021, while the top 40 was up just shy of 24%.

There were some great small-cap rebounds during the year, with some of the standouts being el. These uncertainties are likely to subdue risk appetites for emerging market assets, weighing on the rand... Turbulence ahead Global risk appetites are likely to become more erratic as the world economy grapples with sticky inflation, a mutating virus, divergent vaccination rates and a tricky withdrawal of monetary and fiscal stimulus in advanced countries, Nedbank said. B Premium This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. This will tend to support the dollar while weighing on emerging market currencies.

Already subscribed? Simply sign in below. . It added that the boost provided to rand by a large trade and current account surplus is expected to fade and ultimately reverse.