Old Mutual Wealth
Listen to the latest news, insights and views on topical issues. Old Mutual Wealth is an advice-led wealth management business, aimed at providing financial planners and their clients with a full suite of industry-leading strategies and services.
Episodes
Growth Meets Higher Rates: What Markets Are Pricing Now
How much are investors willing to pay for growth when the cost of money is rising?
In this episode of Markets & Meaning, Sean Ashton explores the changing relationship between higher interest rates, economic growth and equity valuations. He looks at why US Treasury yields have moved above 5%, whether this represents a normalisation of markets after years of low growth and low investment, and what
The Earnings Cycle Still Has Legs
In this month’s Markets & Meaning, Sean Ashton looks beyond the latest headlines to assess where we are in the market cycle. He unpacks rising US Treasury yields and growing concerns around fiscal deficits and the dollar, before turning to NVIDIA’s latest results and what they reveal about the strength and sustainability of the AI investment cycle.
Sean’s conclusion is perhaps the most important
When Markets Overshoot: Inside South Korea's Tech Sell-Off
South Korea's technology stocks have experienced a sharp correction despite strong corporate earnings. In this episode, Sean Ashton, Head of Investments at Private Clients by Old Mutual explains why leverage and investor positioning played a key role, what the sell-off means for semiconductor companies, and why disciplined investors should distinguish between short-term market moves and long-term
The Market's Balancing Act
Markets don't always move in the way we'd expect.
In our latest episode of Markets & Meaning, Sean Ashton explores why rising memory chip prices could signal a new inflationary pressure, why he believes recent interest rate decisions may have been a policy mistake, and one of the market's biggest contradictions: semiconductor companies continue to outperform while the businesses funding the AI i
When Earnings Matter More Than Headlines
In our latest episode of Markets & Meaning, Sean Ashton (Head of Investments at Private Clients by Old Mutual) explores why markets are increasingly looking beyond geopolitical headlines and focusing on what is ultimately driving returns: corporate earnings. The discussion examines the unusually strong earnings cycle currently supporting markets, the role of AI-related infrastructure investment in
AI, Rates and Market Signals
In our latest episode, Sean explores why markets are beginning to look beyond geopolitical headlines and refocus on earnings, valuations and long-term opportunity.
The discussion unpacks how the AI trade is broadening beyond headline names into the wider infrastructure supporting data centre growth, including semiconductors, networking and power. Using examples such as Intel and NVIDIA, Sean exp
Hormuz, Markets and Opportunity
In this episode, Sean Ashton unpacks the market impact of tensions around the Strait of Hormuz, and what it reveals about how markets behave in periods of uncertainty.
The discussion goes beyond the headlines to explore supply chain risk, energy markets and why markets often move ahead of the news cycle. It also highlights where potential opportunities may be emerging, particularly in sectors lik
Markets & Meaning - Monthly podcast by Sean Ashton (Head of Investments at Private Clients)
Hormuz, Markets and Opportunity
In this episode, Sean Ashton unpacks the market impact of tensions around the Strait of Hormuz, and what it reveals about how markets behave in periods of uncertainty.
The discussion goes beyond the headlines to explore supply chain risk, energy markets and why markets often move ahead of the news cycle. It also highlights where potential opportunities may be emer
Markets & Meaning - Monthly podcast by Sean Ashton (Head of Investments at Private Clients)
AI, Platforms and the Battle for the Customer
In this episode, we unpack one of the most important questions investors face today – how AI is changing the way customers make decisions, and what that means for the platforms and businesses that have historically controlled those journeys. It’s a thoughtful discussion on disruption, market structure and long-term value creation, with clear implicati
AI, Platforms and the Battle for the Customer
In this episode, we unpack one of the most important questions investors face today – how AI is changing the way customers make decisions, and what that means for the platforms and businesses that have historically controlled those journeys. It’s a thoughtful discussion on disruption, market structure and long-term value creation, with clear implications for investors trying to separate hype from
Introducing Markets & Meaning
We're pleased to introduce Markets & Meaning, our new monthly podcast by Sean Ashton, Head of Investments at Private Clients. Each month, Sean steps back from the headlines to focus on the forces shaping markets and what they mean for long-term investors.
In the first episode, Sean unpacks why elevated US equity valuations do not automatically signal a bubble, and what today's market concentratio
Markets & Meaning - Monthly podcast by Sean Ashton (Head of Investments at Private Clients)
We're pleased to introduce Markets & Meaning, our new monthly podcast by Sean Ashton, Head of Investments at Private Clients. Each month, Sean steps back from the headlines to focus on the forces shaping markets and what they mean for long-term investors.
In the first episode, Sean unpacks why elevated US equity valuations do not automatically signal a bubble, and what today's market concentr
MoneyWebNOW Interview - When 1% of companies drive 65% of returns, what does it mean for investors?
Sean Ashton and Simon Brown unpack big tech’s outsized role in S&P 500 returns, how to manage that concentration.
Kaya FM Interview - When 1% of companies drive 65% of returns, what does it mean for investors?
Sean Ashton, Head of Investments at Private Clients by Old Mutual Wealth, and Gugulethu Mfuphi of Kaya Bizi discuss the importance of understanding the underlying drivers of major market indices like the S&P 500.
Moneyweb Now Interview: Why Local Retailers Are Betting Big on Beauty
Beauty is booming – and not just globally. From skincare to makeup and fragrance, SA retailers are waking up to the higher margins and loyal, repeat customers the beauty segment offers.
In this insightful interview with Simon Brown, Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth, explains how brands like TFG, Mr Price and Woolworths are tapping into local insights to b
MoneywebNow interview: Estée Lauder: A Cautionary Tale for Quality Investors?
Once a beauty industry darling, Estée Lauder has lost over 80% of its value since late 2021. What went wrong — and can it be fixed? In this insightful podcast, Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth, unpacks how overexposure to China, reliance on travel retail, and missteps in management turned a premium beauty brand into a turnaround story.
“It’s not a brand
MoneywebNow interview: Unpacking Alphabet’s US$75bn AI strategy
Google’s parent company is spending big on AI and cloud infrastructure — a 43% increase on last year’s capex. In this podcast, Private Clients by Old Mutual Wealth analyst Nadine Chetty-Khan explains why this bold move echoes past wins like YouTube, Maps and Android.
“Alphabet isn’t just building AI models — it’s building the infrastructure for an AI-powered internet.”
Standard Bank reports solid interim results
Africa’s largest financial services provider, Standard Bank reported a resilient 2024 half-year performance amid a challenging credit market in SA. Private Clients Research Analyst, Tasneem Samodien, discusses the results and explains why the team expect Standard Bank to continue growing earnings over the long term.
Hot 1027 Business Interview
Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth discusses Standard Bank’s 2023 full-year results and its exposure to Africa, which is expected to remain a meaningful earnings driver in the long term.
MoneywebNOW interview - Victor Mupunga
The business cycle is a key framework for understanding economic fluctuations and is often widely used to guide asset and sector allocation decisions for investors. However, debates often arise regarding the precise stage at which an economy finds itself, particularly when economic data presents mixed signals. Listen as Victor Mupunga, Head of Research at Private Clients by Old Mutual Wealth and S
Unpacking the longevity economy & the investment opportunities
Andrew Dittberner, Chief Investment Officer at Private Clients by Old Mutual Wealth, unpacks the longevity economy in more detail and highlights some of the challenges and opportunities.
Are the Magnificent Seven valuations justifiable?
Andrew Dittberner, CIO of Private Clients by Old Mutual Wealth and Classic Business’ Michael Avery talk about the Magnificent Seven and whether their valuations are justified.
SAFM Radio Interview with Muhammad Rayhaan Sooliman
Muhammad Rayhaan Sooliman, Operations Director at Gift of the Givers, talks to Oliver Dixon of SAFM about the newly launched Old Mutual Gift of the Givers Life Fund. Developed in partnership with Old Mutual Wealth, the fund allows the investor to meet their financial goals, whilst using their investment income for humanitarian relief and development in South Africa, by donating it to Gift of the G
Lessons from the Springboks
Izak Odendaal, Chief Investment Strategist at Old Mutual Wealth, speaks to Bruce Whitfield about some of the lessons that South Africa, our government and the world can learn from the Springboks following their historic win over the All Blacks for a record fourth time and lifting the Webb Ellis trophy back-to-back. Key learnings include having a long-term plan and the right people to implement it;
Retirees struggling to live off investment income
Roland Grabe, Head of Discretionary Fund Management at Old Mutual Wealth, speaks to Simon Brown of Moneyweb about life and living annuities. He says the investment market volatility, especially in bear markets, make it difficult for retirees to live satisfactorily off their investment income. In addition, investment strategy decisions are tricky and require an investor to have a qualified financia
South Africa’s economic heritage
Izak Odendaal, Chief Investment Strategist at Old Mutual Wealth, speaks to Power FM about South Africa’s economic heritage. He delves into the origin of the South African economic system as well as its anchors such as Anglo American, the transition from apartheid to freedom and the era of growth pre-2008, until issues like loadshedding derailed us. He also explains how to enable inclusive growth a
MoneywebNOW interview - Mandy Dix-Peek
Mandy Dix-Peek, Head of Fiduciary at Private Clients by Old Mutual Wealth unpacks the recent changes to the Trust Property Control Act and emphasises the importance of independent, professional trusteeship.
MoneywebNOW interview - Tasneem Samodien (August 2023)
Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth talks to Jimmy Moyaha about the resilience of luxury goods companies despite the tough economy.
MoneywebNOW interview - Tasneem Samodien
Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth talks to Simon Brown about the team’s long-term investment case for Amazon, despite the company’s net loss during 2022.
New Cash and Liquidity Solutions offering
Ian Ferguson, Co-Head at Old Mutual Wealth Cash and Liquidity Solutions, talks to Simon Brown of Moneyweb about the new Cash and Liquidity Solutions offering, an alternative entry point to money market-type funds with same-day liquidity and relatively high yield within a well-regulated CIS environment.
Can SA fill the gap left by foreign investors in government bonds?
Moneyweb Radio - 5 June 2023
According to the South African Reserve Bank (SARB), local investors buying government bonds might not be able to fill the gap left by foreigners dumping government bonds as the economy weakens due to constant power cuts. Izak Odendaal, Investment Strategist at Old Mutual Wealth, shares his insights on this interesting topic.
Hot Business Radio Interview - Luke Martins
Listen to this insightful discussion with Luke Martins, Financial Planning Coach at Old Mutual Wealth, on why investing in financial markets is the perfect side hustle to help you grow your wealth.
What steps should I take to start investing?
The investment world can be daunting at times and not having all the information and resources at your disposal can make the process difficult and frustrating. Equipping yourself with the right knowledge by understanding the stock market, investment instruments, your risk tolerance and your time horizon, and having the right resources at your disposal are important aspects of managing your own mon
How to manage money during a global crisis?
In this series, our Old Mutual Wealth Investment Managers answer some hard questions and demonstrate how they do the hard thinking and work so that you don't have to. Their answers are based on an in-depth understanding of the local and global economy, financial markets, and the driving forces that will shape tomorrow.
Andrew Dittberner, Chief Investment Officer at Old Mutual Wealth Private Clien
How do we invest in an inflationary environment?
In this series, our Old Mutual Wealth Investment Managers answer some hard questions and demonstrate how they do the hard thinking and work so that you don't have to. Their answers are based on an in-depth understanding of the local and global economy, financial markets, and the driving forces that will shape tomorrow.
Andreea Bunea, Head of Global Equity at Old Mutual Multi-Managers talks about
How innovation leads to sustainable growth
In this series, our Old Mutual Wealth Investment Managers answer some hard questions and demonstrate how they do the hard thinking and work so that you don't have to. Their answers are based on an in-depth understanding of the local and global economy, financial markets, and the driving forces that will shape tomorrow.
Andrew Dittberner, Chief Investment Officer at Old Mutual Wealth Private Clien
How much offshore is enough or too much?
In this series, our Old Mutual Wealth Investment Managers answer some hard questions and demonstrate how they do the hard thinking and work so that you don't have to. Their answers are based on an in-depth understanding of the local and global economy, financial markets, and the driving forces that will shape tomorrow.
Roland Gräbe, Head of Old Mutual Wealth Tailored Fund Portfolios unpacks Regul
How to manage money during a global crisis?
In this series, our Old Mutual Wealth Investment Managers answer some hard questions and demonstrate how they do the hard thinking and work so that you don't have to. Their answers are based on an in-depth understanding of the local and global economy, financial markets, and the driving forces that will shape tomorrow.
Izak Odendaal, Investment Strategist at Old Mutual Multi-Managers discusses ho
Not all FAANGS are created equally
Large technology companies are often grouped together due to their assumed similarities. However, the shortcomings of this type of broad categorisation were laid bare throughout the COVID-19 pandemic, with the difference between the best and worst performing share price in this group being more than 100% over the last two years. In this radio interview, Victor Mupunga, Senior Research Analyst at P
RMI’s financial results
Victor Mupunga, Senior Research Analyst at Old Mutual Wealth Private Client Securities discusses RMI’s financial results with Simon Brown of Moneyweb Radio. He explains why the OUTsurance business remains attractive and represents a great opportunity for investors when it lists as a standalone unit.
Understanding the Private Client Securities investment philosophy
In this interview, Ryk van Niekerk of Moneyweb and Andrew Dittberner, CIO at Private Client Securities (PCS) discuss PCS’ investment approach and offer some sage advice to investors.
Glowing results from L'Oréal
L'Oréal, leader in the global beauty and personal care market and a holding in the PCS Global Equity Model Portfolio, recently released a strong set of annual results. In this Moneyweb Now interview, Victor Mupunga, Senior Research Analyst at Private Client Securities, discusses L'Oréal's results and explains why Private Client Securities holds the company.
Do I really have to retire?
Sharon Moller - Financial Planning Coach at Old Mutual Wealth
Am I ready for retirement (the non-financial elements of transitioning)
Olwethu Msanabo CFP® - Financial Planning Coach at Old Mutual Wealth
Do I really need a financial planner in retirement?
Stephan le Roux - Financial Planning Coach at Old Mutual Wealth
The Path to Net Zero: A Multi-Decade Journey, Tasneem Samodien
Climate change poses a myriad of risks to us humans, these risks include food insecurity, scarcity of water, on the other end flooding, infectious diseases, heat, economic losses and displacement. Tasneem Samodien, Research Analyst at Private Client Securities unpacks the path to net zero.
When the chips are down: investment opportunities in the semiconductor industry
Semiconductor chips are the engine driving the technological transformation of the world. However, without them, there would be no machines to drive the information age. Nevertheless, today, we find ourselves in incredibly precarious positions of relying on just a handful of companies to meet the world's insatiable appetite and desire for faster, more powerful, smaller semiconductor chips. Join An
Can small deals save Prosus?
Andrew Dittberner and Simon Brown discuss the animal healthcare industry and its compelling long-term investment opportunities, with a focus on Zoetis.
Mandy Dix-Peek and Michael Avery discuss some of the complexities when dealing with offshore estates
With more South Africans moving assets offshore, many investors are unaware of the unforeseen tax and fiduciary hurdles associated with ownership of foreign assets. This is more than simply an annoyance in the case of deceased estates as complications can easily hold up processes when multiple jurisdictions are involved. In this radio interview, Mandy Dix-Peek, Head of Old Mutual Wealth Fiduciary
Tasneem Samodien and Michael Avery discuss Disney’s recent solid performance
While the pandemic has crippled some industries and brought giants to their knees, well-run companies with clear and well-executed strategies have emerged from the crisis more robust. In this radio interview, Tasneem Samodien, Research Analyst at Private Client Securities, and Classic Business’ Michael Avery discuss Disney’s recent solid performance.
Does your 'fear of flying' affect me?
Yvonne Kilian - Financial Planning Coach at Old Mutual Wealth
Our personal experiences influence the choices we make when investing. How do you and your planner move beyond these biases to unlock your full wealth potential?
For more information visit:
https://www.oldmutual.co.za/hardquestions
Do you think I'm tripping myself up?
Olwethu Msanabo - Financial Planning Coach at Old Mutual Wealth
Integrated Wealth Planning is designed to co-create a financial plan underpinned by your lifestyle and financial goals. Before it can be about money, it needs to be about you.
For more information visit:
https://www.oldmutual.co.za/hardquestions
What happens if you go before I do?
Shannon Loots - Business Coach at Old Mutual Wealth
There’s a million reasons why your planner may not be around forever. Here’s why you should start thinking about the future.
For more information visit:
https://www.oldmutual.co.za/hardquestions
Is financial planning worth paying for?
Sharon Moller - Financial Planning Coach at Old Mutual Wealth
We believe that true wealth is about more than just money; it’s about living the life you desire. A financial planner can partner with you to make the right choices.
For more information visit:
https://www.oldmutual.co.za/hardquestions
How the SA property sector compares to the global landscape, Nosibusiso Nqgondoyi, Head of Property and Hedge at Old Mutual Multi-Managers
2020 has been a challenging year for local property. In this Market Matters Podcast, Nosibusiso (Busi) Nqgondoyi, Head of Property and Hedge at Old Mutual Multi-Managers, shares her insights on how the local listed property sector compares to the global landscape, from a diversification perspective. She also discusses what the future holds for this sector and the benefits for investors who are pr
South African interest rate trajectory over the course of 2020, Ameer Amod, Head of Absolute and Fixed Interest
This year, interest rates in most developed economies fell to zero, and in some cases, below zero. In this Market Matters Podcast, Ameer Amod, Head of Absolute and Fixed Interest at Old Mutual Multi-Managers, discusses the interest rate trajectory over the course of 2020 and how this has affected the bond market. He also looks at why it's imperative to take a long-term view when it comes to invest
The power of diversification by selecting the right mix, Stephen Brierley, Head of Retail at Old Mutual Multi-Managers
One of the most important lessons 2020 has taught us is that diversification remains an investors best defense against various market cycles. In this Market Matters Podcast Stephen Brierley, Head of Retail at Old Mutual Multi-Managers discusses the power of diversification by selecting the right mix of securities, asset classes, regions and fund managers to match the profile and goals of each inve
South African Equity Market Amidst Covid-19, Michael Dodd, Head of Equity at Old Mutual Multi-Managers
Covid-19 has required Fund Managers to adjust their sails and take a different approach to how they think about markets and in particular, how they position their portfolios. In this Market Matters Podcast @Michael Dodd, Head of Equity at Old Mutual Multi-Managers, discusses the performance of the South African equity market amidst Covid-19 and how we’ve faired against the global market. He also p
Celebrating Women: New Ways of Thinking about Women in Leadership with Kelly de Kock
Ian Fraser sits down with Kelly de Kock, Chief Operating Officer for Old Mutual Wealth Private Client Securities, Treasury and Advisory Services, and Fiduciary Services, as well as Old Mutual International, to celebrate women.
They delve into the new way of thinking about women in leadership roles, and the importance of diversity in the workplace. Kelly also talks about:
Addressing the impact
Celebrating Women: Gender Equality in the Workplace with Pat Magadla
In celebration of Women’s Month, Ian Fraser sits down with Pat Magadla, a Senior Business Development Manager at the Old Mutual Investment Group to discuss the importance of gender equality in South Africa, especially in the workplace.
In this inspiring talk to encourage the next generation of leaders, Pat touches on the impact of gender-based violence in South Africa and shares her views on wome
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