2024 global equity returns show promise amid market turbulence, driven by healthcare and technology sectors.
Amidst ongoing market turbulence and shifting global economic prospects, a promising trajectory is playing out for global equity portfolio returns in 2024, buoyed by shares in the global healthcare and technology sectors, which are poised to drive global equity portfolio returns over the period.
Pharmaceuticals and biotechnology, with substantial R&D budgets, are expected to be significant drivers of growth in the sector. Investors who strategically position themselves in certain companies are poised for a good year. The strategic positions held by our fund in these sectors yielded an impressive 31.3% return over the 12 months ending December 2023. This performance sharply contrasts with the JSE’s modest 5.3% return during the same period.
This unique feature enhances attractiveness as a compelling investment option, especially in times like these when interest rates significantly influence market dynamics. While its faith-based approach means investing in a universe that excludes assets prohibited by Shariah principles, this ethical exclusion creates a different performance signature for all investors.
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