As politics and elections and the volatility associated with it take centre stage in the world this year, investors have to keep a cool head.
In 2024, more than 20% of the world’s population will go to the polls as over 40 major elections will be held, including South Africa’s own national elections happening this week.
Alex Tedder, co-head of equities, says short-term market setbacks, like those created by political uncertainty, can prove very helpful for more patient investors looking to generate returns. “Over the long term, we still feel that this is a bigger determinant of investor returns than trying to respond to political events.
He says while Schroders is mindful of the possible impact of political events, it avoids buying into any prevailing opinions or other ‘noise’ that could influence portfolio decisions. “On the global value team, we believe an unemotional, valuation-based approach to investing should deliver over the long-run regardless of politics and indeed we can point to more than 100 years of history that backs this up.
“As we find ourselves in the thick of election season, traders and investors are strongly advised to exercise caution and avoid making rash decisions based on emotional biases given the uncertainty of the outcome of the national election taking place this week.”
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