First things first

What we’re about
Afena Capital is an independent investment management firm that was established in 2005 and currently operates in South Africa. We are a multi-disciplinary firm with a focus on equity, fixed income and multi-asset class investment strategies. The clients that we serve include institutional clients such as retirement funds, medical aid funds and insurers, as well as individual private clients. We are a majority black owned..
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Market Commentary, January 2017

Global risk-on rally trumped by the reflation trade in the last quarter

2016 will be remembered as a choppy year for equities with the global risk-on rally supporting markets for most of the first three quarters of the year and with political surprises periodically wrong-footing markets in the latter half of the year.

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