Q&A: MyWealth Investment still sees value in banking, commodity and tech sectors

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Investors should focus on stocks that benefit from a stronger US dollar and bear in mind that inflation will continue to fuel commodity prices

Inflation, economic growth, and global monetary policy have been the big themes in the markets since the world showed sustained recovery from the pandemic.

, as investors struggle to get a grip on the impact of stimulus withdrawal from many of the world’s central bankers. Investors will always benefit from short-term volatility in the longer term if they capitalise on opportunities presented during market corrections. Investors should continue to focus on the pockets of value regardless of increased uncertainty.

Market participants will keep a close eye on the possibility of an aggressive shift in monetary policy which will result in a reduction of Quantitative Easing combined with more aggressive hikes in interest rates. Growth stocks, especially the tech sector, will bear the brunt of an aggressive shift in monetary policy.

Higher inflation will have a big impact on the currency markets and investors should focus on stocks that benefit from a stronger US dollar and keep in mind that inflation will continue to fuel commodity prices.The JSE remains an attractive investment due to SA representing one of the largest commodity producers in the world. The local currency should be protected by the positive carry trade and limit currency risk for foreign investors.

Naspers, which has experienced a decrease of 18% during 2021 on the back of a general tech sector sell-off due to its investment in Chinese listed tech giant, Tencent.

 

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