Investment research manager Jessica Fannin from discretionary fund manager (DFM) Amity Investment Solutions believes the gains in SA equities returns this year have been a ‘gift’ for investors.
The asset class returned 31.7% from the beginning of January 2025 to the end of September 2025, though it was a time window that coincided with an ‘incredibly difficult’ experience for active managers.
‘The challenge is that it was concentrated in resources, and more specifically in basic materials,’ Fannin told a Boutique Collective Investments (BCI) webinar.