It has been another strong week for markets with the S&P 500 Index (measuring the performance of the 500 largest listed US companies) hitting all-time highs against a backdrop of a surging bond market. Previous iterations of this publication have highlighted the trend of fairly rapidly and persistently rising bond yields over recent weeks; the pause in this dynamic this week has been slightly strange, especially given the strong print on US retail sales which was announced on Thursday.

London – Sanlam Investments today announces that it has agreed to assume responsibility for managing eight funds currently managed by Smith & Williamson Investment Management LLP.

President-elect Joe Biden has unveiled a $1.9tn Coronavirus relief proposal, aimed at urgently combating the economic crisis which the pandemic has triggered. As the US faces its deadliest stage in its fight against the virus, Biden described the moment as “a crisis of deep human suffering”. If adopted, the proposal would tack on $1,400 to the $600 in direct payments for individuals that Congress approved recently.

Join Sanlam and the South African Chamber of Commerce as Arthur Kamp, Chief Economist at Sanlam Investments, gives his outlook on the global economy for the year to come.

As the global pandemic continues to exert its stranglehold on the global economy, it seems absurd that equity and fixed-income markets are still finding new highs. We’re unlikely to be wealthier given the devastating economic impact of covid-19, so what is really going on, and how will it impact investors?

This week the UK death toll from Covid-19 exceeded 100,000. Boris Johnson said that he was “deeply sorry” for every death. Meanwhile AstraZeneca’s chief executive, Pascal Soriot, has insisted the UK will come first for vaccines as he rejected calls to divert doses to the European Union following a breakdown in supply. Rows are escalating over reduced supplies with whispers of vaccine protectionism on the horizon.