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Insights & Research

Independent analysis and market commentary from our investment team.

Global Research23 April 2026

Anchor Global Equity Fund 1Q26: The market is always right. Even when it is wrong

Performance summary The first quarter of 2026 was challenging, with market conditions from November 2025 through mid-April 2026 reminiscent of a combination of late 2 sharp “Liberation Day” tariff-driven collapse and rebound.

Nick Dennis, Fund Management

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Macro Research22 April 2026

March CPI: The calm before the energy shock?

South Africa’s (SA) annual headline inflation rate, as measured by the Consumer Price Index (CPI), edged up to 3.1% YoY in March from 3.0% in Febru expectations. MoM, headline inflation rose 0.6%.

Nolan Wapenaar, Head of Fixed Income/Co-CIO

Macro Research20 April 2026

The Navigator: Anchor's Strategy and Asset Allocation, 2Q26

The Navigator is Anchor’s quarterly review of the major themes affecting markets and gives an overview of our current strategy and asset allocati document.

The Anchor Investment Team

Macro Research20 April 2026

Anchor Asset Allocation Summary, 2Q26

ASSET ALLOCATION SUMMARY Financial markets were shaken by the US and Israeli military strikes on Iran and Iran’s subsequent closure of the Strait of Hormuz, a critical global ene increase in oil prices, together with concerns around potential supply ...

The Anchor Investment Team

Macro Research20 April 2026

Strategy and Asset Allocation, 2Q26

ECONOMICS The dominant theme for 1Q26 has been the US-led military campaign against Iran and its impact on global equity markets.

The Anchor Investment Team

Company Research20 April 2026

The missing consumer rand: How online gambling is draining SA retail

For the past eighteen months, the investment case for South African (SA) focused equities has rested on a simple thesis.

Stephan Erasmus, CA(SA), CFA, CGMA, Investment Analyst

Global Research20 April 2026

War shock vs structural opportunity: Why the case for EM bonds still holds

The war between the US/Israel, and Iran has sent shockwaves through global financial markets, interrupting the recent broad rally in emerging market off fashion, EM assets (bonds, equities, and foreign exchange [FX]) have declined in tandem as invest...

Lelethu Poswa, Fund Management

Global Research20 April 2026

The hidden economics of US drug prices

By almost any measure, the US has the most complex and most expensive healthcare system in the developed world. Americans pay, on average, rou branded medicines than patients in other developed nations.

Sean Culverwell, CFA, Investment Analyst

Thematic Research20 April 2026

Navigating AI adoption at Anchor

Artificial intelligence (AI) has rapidly become a core driver of business competitiveness. For investors, the question is no longer whether AI will matter, translate into operating leverage, earnings power and sustained client value.

Brendan Gace, Head of Anchor Private Clients | Marieke de Kock, Compliance/Private Clients Operations

Thematic Research20 April 2026

Women's wealth within: The rise of women investors

Background A quiet but powerful shift is taking place in global wealth, and women are increasingly shaping it. For generations, wealth management has been built on the assumption that men are the primary financial decision-makers.

Nichole Maroun, CFA, Portfolio Management

Local Research20 April 2026

Budget 2026 and trusts: Same rules, sharper scrutiny

SA’s 2026/2027 Budget, tabled in Parliament on 25 February, naturally brings tax considerations into focus! Against this backdrop, it seems opportune to revisit developments in the trust space, particularly given the increasing regulatory scrutiny fr...

Di Haiden, CEO: Robert Cowen Investments/Head of Anchor Succession

Thematic Research10 April 2026

The future is unfolding in real time

Markets have been anything but quiet lately, and on 10 April 2026, over a thousand investors joined our CEO Peter Armitage for a live session unpacking exactly what’s going on — and what it means for your portfolio.

The Anchor Investment Team

Company Research10 April 2026

FirstRand: Closing the UK chapter. Painful provision but positive pivot

FirstRand confirmed on 7 April that it intends to exit its UK challenger bank Aldermore, alongside an additional R11.9bn provision that will bring its tot liability to GBP750mn (c. R17.7bn).

Keagan Higgins, Investment Analyst

Local Research2 April 2026

March local commentary: The JSE's recent outperformance ends abruptly

The South African (SA) equity market’s recent streak as a top-performing global bourse ended abruptly in March (FTSE/JSE Capped All Share -10.

Peter Little, Fund Management

Global Research2 April 2026

March global commentary: Military strikes on Iran rattle investors

Global equities recorded their worst month in over three years in March (MSCI World -6.3% MoM) as US and Israeli military strikes on Iran rattled inves responded to the strikes by refusing passage for vessels through the world’s most significant seab...

Peter Little, Fund Management

Thematic Research1 April 2026

Collateral damage: How Trump, Netanyahu, and Tehran's March standoff left global markets and the JSE counting the cost

The US/Israel alliance’s 28 February strikes on Iran, interpreted by some observers as being influenced by political considerations rather than purely st what the International Energy Agency (IEA) has described as the largest supply disruption in the...

Marco de Matos, Research

Company Research30 March 2026

How telecoms operators became Africa's financial infrastructure

Africa has emerged as the global centre of mobile money, with more than US$1trn in transactions processed on the continent in the past year, around volumes.

Keagan Higgins, CGMA, ACMA, Investment Analyst

Macro Research26 March 2026

SARB hits pause on rate cuts amid rising global risks

We had expected the South African Reserve Bank (SARB) to resume its rate-cutting cycle at its 26 March meeting. However, this was before the events US/Israel alliance launched military action against Iran, which has materially changed the outlook.

Nolan Wapenaar, Head of Fixed Income/Co-CIO

Thematic Research25 March 2026

How to protect your payout for the long term

Receiving a settlement after medical negligence or a personal injury can feel like a new beginning — a chance to rebuild, regain independence and sec many recipients face a hidden danger: within a few years, the money is gone.

Mike Sithole, Portfolio Management, CFA

Thematic Research25 March 2026

Investment options for your payout

Your biggest fear as a recipient of a personal injury or medical negligence claim is likely the possibility of losing your payout due to bad decisions. On decisions you’ll need to make is how you invest your compensation.

Mike Sithole, Portfolio Management, CFA

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Insights & Research

Anchor Global Equity Fund 1Q26: The market is always right. Even when it is wrong

March CPI: The calm before the energy shock?

The Navigator: Anchor's Strategy and Asset Allocation, 2Q26

Anchor Asset Allocation Summary, 2Q26

Strategy and Asset Allocation, 2Q26

The missing consumer rand: How online gambling is draining SA retail

War shock vs structural opportunity: Why the case for EM bonds still holds

The hidden economics of US drug prices

Navigating AI adoption at Anchor

Women's wealth within: The rise of women investors

Budget 2026 and trusts: Same rules, sharper scrutiny

The future is unfolding in real time

FirstRand: Closing the UK chapter. Painful provision but positive pivot

March local commentary: The JSE's recent outperformance ends abruptly

March global commentary: Military strikes on Iran rattle investors

Collateral damage: How Trump, Netanyahu, and Tehran's March standoff left global markets and the JSE counting the cost

How telecoms operators became Africa's financial infrastructure

SARB hits pause on rate cuts amid rising global risks

How to protect your payout for the long term

Investment options for your payout

Our Research, Your Inbox