For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global
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The FIA Intermediary Experience Awards is the most prestigious and well-known annual recognition event in the South Africa financial services industry for more than 20 years. The Awards recognises product providers (insurers) for the products, solutions and services they offer to the end-consumer through our member intermediaries or financial advisers.
This year's winners are: Sanlam won long-term insurer of the year (risk). The non-life insurance awards were split by sector. Santam won for personal lines; Western National for commercial; and Hollard for corporate. Allan Gray won two awards for investment products: lump sum and savings. Discovery Health won for healthcare Momentum Corporate for employee benefits. We congratulate these product providers for winning this prestigious award. We as Daberistic have had long-term relationship with these product providers, and we will continue to offer the best insurance and investment solutions to our clients. Fedgroup, a financial services group based in Sandton, Johannesburg, offers innovative endowment investment products that offer good after-tax returns while doing good for the environment. Fedgroup's endowment products have the following advantages: - Inflation protection: These portfolios consist of a diverse range of assets that span various geographic and industry parameters and that are unlinked from market sentiment, creating a natural hedge against inflation. - Anti-cyclical: Unlike many traditional asset classes which have performed poorly in recent times, many alternative investments are designed to be less susceptible to volatile markets. - Currency protection: Since most of the produce is sold internationally, the portfolio is shielded from volatility in the rand. - Do good without sacrificing returns: Rather than compromising between doing good and delivering great returns, the assets within these portfolios make a positive impact on people, planet, and profit while generating a market leading return. More information on the investment portfolios: Minimum investment lump-sum: R100,000 Investment term: 5 years Can nominate beneficiaries Impact Portfolio: This invests in green energy, smart agri, property finance and private capital fedgroup_impact_portfolio_f98d085b83.pdf Diversified Alternates Portfolio: This invests in the Fedgroup Participation Bond Fund, green energy, smart agri, property finance and private capital. fedgroup_diversified_alternates_c315d7468a.pdf Fixed Endowment: This invests in selected assets generating a fixed return. It provides an after-tax nett return of about 8% p.a. fedgroup_fixed_endowment_overview.pdf If you are interested in investing in these products or have any questions, please email to service@daberistic.com, a financial advisor will contact you. A minor can in fact be registered as a taxpayer in South Africa. This is in terms of section 67(1) of the Income Tax Act that "every person who at any time becomes liable for any normal tax or who becomes liable to submit any return contemplated in section 66 must apply to the Commissioner to be registered as a taxpayer in accordance with Chapter 3 of the Tax Administration Act.” If the minor therefore becomes liable to submit a return or becomes liable for any normal tax, the minor must be registered as a taxpayer. Section 68. Income and capital gain of married persons and minor children.—(1) Any-- (a) income received by or accrued to or in favour of any person married in or out of community of property which in terms of section 7 (2) is deemed to be income received by or accrued to such person’s spouse; or (b) capital gain which is in terms of paragraph 68 of the Eighth Schedule taken into account in the determination of the aggregate capital gain or aggregate capital loss of such person’s spouse, shall be included by such spouse in returns of income required to be rendered by that spouse under this Act. (2) In the event of the death of any person during any year in respect of which such income is chargeable or in which such capital gain is taken into account, the income or capital gain of such person’s spouse for the period elapsing between the date of such death and the last day of the year of assessment shall be returned as the separate income of such spouse. (3) (a) Every parent shall be required to include in his return-- (i) any income received by or accrued to or in favour of any of that parent’s minor children either directly or indirectly from that parent; or (ii) any capital gain or capital loss in respect of any transaction entered into directly or indirectly by that parent, which is taken into account in the determination of the aggregate capital gain or aggregate capital loss of any of that parent’s minor children, together with such particulars as may be required by the Commissioner. (b) Every parent shall be required to include in that parent’s return any income deemed to be that parent’s income in terms of subsection (3) or (4) of section 7 or any capital gain deemed to be that parent’s capital gain in terms of paragraph 69 of the Eighth Schedule. Income of Minor children A taxpayer is liable for the payment of tax on any income which has been received by or accrued to or in favour of any minor children if such income arises from a donation, settlement, or other disposition by – (i) the taxpayer; or (ii) any other person, if the taxpayer made a donation, settlement or gave some consideration directly or indirectly in favour of the other person or his family. A minor child will, however, be liable for tax on income which is received or accrues to him/her independently of him/herself; in his own right, for example, bona fide salary and investment income derived from his/her own funds i.e. from money inherited by him/her or received as a gift from any person other than the person mentioned in (i) and (ii) above or from any other source. Should a minor child’s taxable income be sufficient to render him/her liable for tax, the taxpayer, as the legal guardian, must register him/her for income tax purposes and obtain and submit a return on his/her behalf. All investment income received by or accrued to a taxpayer or his/her minor children must be declared (including investment income which has not been paid but has been utilised, accumulated or re-invested for the taxpayer or his/her minor children’s benefit). Where interest is claimed as a deduction against investment income received, full particulars (i.e. amounts invested/borrowed, interest rates, date of each loan and investment) must retained for a period of five years after submission of the return. Courtesy of: Fedgroup Let’s start with a thought experiment. If you look back on your investment journey to date, and the various hot tips you received – either via the media reporting the latest market craze, or something as simple as a friend’s hot tip at a Saturday braai. How many times did you act and buy into these hot tips? How many times did it pay off? Are you possibly still invested in one of these stocks, sectors or funds? With the benefit of hindsight, are you happy you invested when you did? Asset Class Research with a Long-Term Perspective 2023 continues to see gains across the board, although we’re seeing significant divergence within asset classes. Once again, inflation and interest rates are playing a prominent role, with inflation retreating at different speeds across the world as interest rates near their expected peaks. Economic resilience has been another major theme for the year to date, with stronger than expected growth. S.A. government bonds endured a tough second quarter, delivering a negative return of 1.5%. Longer maturity issues were especially weak and sold off heavily alongside the rand, as adverse investor sentiment contributed to increased volatility in the domestic bond market. Despite attractive yields, foreigners have remained net sellers over the last few years as concerns around loadshedding continue to detract from the investment thesis for local currency government bonds. |
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January 2025
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