First things first

What we’re about
Afena Capital is an independent investment management firm that was established in 2005 and currently operates in South Africa. We are a multi-disciplinary firm with a focus on equity, fixed income and multi-asset class investment strategies. The clients that we serve include institutional clients such as retirement funds, medical aid funds and insurers, as well as individual private clients. We are a majority black owned..
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Market Commentary, 3rd Quarter 2016

Brexit fallout short-lived

The surprise outcome of the Brexit vote in the UK, during the last week of June, completely wrong-footed markets leading to a sell off of UK Pound, trillions wiped off global markets and a resurgence of safe haven assets; in particular gold, the US dollar & developed market bonds. By early July, European and Japanese bond bonds hit all-time lows with almost $10 trillion of these bonds having dipped into negative territory.

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