Deon Gouws May 2025 Financial Mail
Just over a month ago, US President Donald Trump announced a penal tariff regime relating to global trade.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) offers comment the market’s reaction to these tariffs as well as their subsequent easing.
Read the (paywalled) article Read the PDF
Archie Mayer May 2025
April saw widespread volatility with most major global equity markets finishing the month down. The S&P 500, FTSE 100, and Euro STOXX 50 all finished down by 0.7%, 0.7%, and 1.1% respectively and measured in their local currencies. In contrast, the NASDAQ ended the month up by 0.9%. Markets were rattled by a surge of uncertainty after US President Trump unveiled his “Liberation Day” policies, with the market’s volatility gauge, the VIX, climbing to...
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Deon Gouws May 2025 Anchor
Earlier this week, Anchor hosted its quarterly “Where The Money Will Be Made” webinar. Deon Gouws, Chief Investment Officer at Credo, presented second and also participated in the question and answer session at the end.
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Deon Gouws May 2025 Radio 702
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and spoke about Warren Buffett’s imminent retirement (from 22:50).
Deon Gouws April 2025 Radio 702
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Jane Dutton and paid tribute to Errol Kruger, former Registrar of Banks in South Africa, who passed away over the weekend (from 13:15).
Damian Yeomans April 2025
We are proud to announce that the Credo Dynamic Fund (“Dynamic”) has been honoured with the prestigious title of “2025 UK Best Mixed Asset GBP Flexible Fund Over 5 Years” at the LSEG Lipper Fund Awards. This marks the second year in a row that the Fund has received this accolade, having also won the same award in 2024.
Dynamic has successfully delivered a unique approach to a diverse portfolio of equities, fixed income and listed alternatives. The key to the success of the strategy is the flexible allocation between asset classes and finding unique opportunities within each. This approach has enabled the Fund to achieve outperformance of more than 21% over the past five years versus the peer group average (as of 31 December 2024 Dynamic's five-year performance stood at 45.6%, surpassing the IA Mixed Investment 40-85% Shares Sector return of 23.8%, Source: FE fundinfo).
Rupert Silver, Lead Fund Manager of Dynamic and a Director of Credo commented: “We are especially proud to have received this award for the second year running. It is a strong endorsement of our investment philosophy, which focuses on adaptability and flexibility. These qualities continue to distinguish us from many of our peers. Markets remain unpredictable and challenging, but we are committed to navigating them with discipline and conviction through a diversified, actively managed portfolio that aims to deliver meaningful outcomes for investors”.
For more than 30 years and in over 17 countries worldwide, the highly respected LSEG Lipper Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. The merit of the winners is based on entirely objective, quantitative criteria. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com.
Archie Mayer April 2025
March saw sharp declines across major global equity markets, which were rocked by heightened uncertainty around US President Trump’s tariff policies. The S&P 500, NASDAQ, FTSE 100, and Euro STOXX 50 all posted negative returns of 5.6%, 8.1%, 2.0%, and 3.8%, respectively and measured in...
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Deon Gouws April 2025 Financial Mail
At the beginning of this month, US President Donald Trump announced a new tariff regime which was much more penal than what the market had expected.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) offers comment on these tariffs as well as the actions of the newly formed US Department of Government Efficiency.
Read the (paywalled) article Read the PDF
Jason Spilkin April 2025
The late Charlie Munger believed it’s better to pay a fair multiple for a quality business, than a cheap multiple for a so-called cigar butt. “Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for those forty years, you're not going to make much...
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Deon Gouws April 2025 Moneyweb Radio
Last week, Deon Gouws, Chief Investment Officer at Credo, participated in the South African radio program RSG Geldsake met Moneyweb with Ryk van Niekerk and commented on the new tariff regime in the USA. Those who understand Afrikaans, can listen from 12:50.
Deon Gouws April 2025 Radio 702
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and offered comment on the stock market reaction to recent tariff announcements in the USA (first 9 minutes).
Archie Mayer March 2025
February saw mixed returns across major global equity markets. The S&P 500 and NASDAQ experienced negative returns of 1.3% and 3.9%, respectively, measured in their local currencies. The continued uncertainty around US President Trump’s tariff policies, particularly towards the country’s largest trading partners...
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William Godsave March 2025 PKF
We are delighted to announce a new partnership with PKF Littlejohn in London to strengthen our wealth management offering and provide a joined up financial planning, investment management, and tax solution to clients.
The partnership demonstrates our commitment to working with professional services firms to provide the highest quality wealth management advice to their clients.
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Deon Gouws March 2025 Financial Fitness
Last week, Jim Millar, Director and CIO at Financial Fitness in South Africa, interviewed Deon Gouws, CIO at Credo on the topic of “Trumponomics” during a live-streamed webinar attended by clients.
Watch Deon's interview (from 32:32)
Deon Gouws March 2025 Financial Mail
Equity prices have pulled back in the wake of US President Donald Trump’s tariff announcements.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) compares recent market volatility with the arrival of Covid exactly five years earlier (when he happened to write the first of his monthly pieces for this magazine).
Read the (paywalled) article Read the PDF
Deon Gouws March 2025 Radio 702
Earlier this week, Deon Gouws, Chief Investment Officer at Credo, participated in The Money Show with Stephen Grootes and offered comment on the fact that large international investors have been net sellers of South African bonds recently. Listen below (from 29:13).
Damian Yeomans March 2025 Investment Week
Both Credo Dynamic Fund and Credo Growth Fund have been named as finalists at the Investment Week Fund Manager of the Year Awards 2025. The funds are shortlisted in the Managed 40-85% Shares and Managed Flexible Investment categories respectively, with the methodology for assessing funds based on 3-year performance data. The awards will be announced in London on the 19 June, with this year marking the 30th anniversary of the flagship industry event.
See nominees list
Deon Gouws March 2025 Old Mutual International
Last week, Old Mutual International arranged a regional symposium series for financial advisor clients, consisting of five consecutive events in five different cities across South Africa (Durban, Pretoria, Johannesburg, Gqeberha and Cape Town). Deon Gouws, Chief Investment Officer at Credo, opened the event with a TED-talk style presentation in which he reminded the audience of how lucky they all were to be part of the investment industry. He also participated in a panel discussion focusing on challenges and opportunities as presented by the current political and economic environment.
From left to right: Deon Gouws (Chief Investment Officer – Credo), Sikonathi Mantshantsha (Senior Journalist – News24), Trevor John (Head: Old Mutual International - Sales & Distribution), Victor Mupunga (Head of Research – Old Mutual Private Clients), Dawie Roodt (Chief Economist – Efficient Group) and Khaya Gobodo (Former Managing Director – Old Mutual Investments).
Deon Gouws February 2025 Financial Mail
A few weeks ago, little-known Chinese company DeepSeek unveiled a new artificial intelligence model which compared favourably to the best of the major US technology businesses (it was also a lot cheaper).
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) discusses the market impact of this announcement.
Read the (paywalled) article Read the PDF
Jason Spilkin February 2025
Germany is synonymous with high quality manufacturing - more so than their sense of humour. Indeed, Audi automobile adverts use the motto “Vorsprung durch tecnik” to subtly highlight their German genes. Continental Tyres put it bluntly, “German engineering when you need it most on a car”. When it comes to engineering pedigree, MTU Aero Engines (“MTU”) represents the best of...
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Archie Mayer February 2025
January saw strong returns across global equity markets. The S&P 500, FTSE 100, and Euro STOXX 50 rose by 2.8%, 6.2%, and 8.2%, respectively, and measured in their local currencies. There was continued optimism surrounding US President Trump, however, the launch of AI models by Chinese company, DeepSeek, posed...
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William Godsave February 2025 Farmers Weekly
William Godsave, Head of Financial Planning, recently discussed the subject of how life insurance can protect against IHT liability in the latest edition of Farmers Weekly.
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Jarrod Cahn January 2025 BCI
Earlier this week, Jarrod Cahn, Portfolio Manager for the Global Equity Fund, participated in the first of three Offshore Investment Manager Webinars hosted by BCI over the next couple of weeks.
Jarrod made the case for the inclusion of a value fund with a qualitative overview in client portfolios as a measure of diversification against the significant concentration risk we are seeing in the US and provide clients with exposure to high quality global businesses who are trading at sensible valuations.
Watch Jarrod's presentation
Deon Gouws January 2025 Financial Mail
At the beginning of every year, participants across the financial industry publish forecasts focusing on how they expect the following twelve months to play out.
In his latest column for leading South African publication Financial Mail, Deon Gouws (Chief Investment Officer at Credo) points out that most forecasts are in fact a waste of time.
Read the (paywalled) article Read the PDF
Archie Mayer January 2025
December was a poor month for global equity markets, with most major indices finishing the month down. The S&P 500 and FTSE 100 fell by 2.4% and 1.3%, respectively, measured in their local currencies. Mixed economic signals aided this drop, coupled with uncertainty over US trade policies affecting markets abroad. The NASDAQ and...
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The information and opinions expressed in this website have been compiled from sources believed to be reliable. None of Credo, its directors, officers or employees accepts liability for any loss arising from the use hereof or reliance hereon or for any act or omission by any such person or makes any representations as to its accuracy and completeness. Any opinions, forecasts or estimates herein constitute a judgement as at the date of each communication. There can be no assurance that the future results or events will be consistent with any such opinions, forecasts or estimates. Investors are warned that past performance is not necessarily a guide to future performance, income is not guaranteed, share prices may go up or down and you may not get back the original capital invested.