10X for Intermediaries

📈 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟓: Domestically, the SARB continued its rate-cutting cycle, implementing another 0.25% cut in January as inflation remained subdued. Meanwhile, Trump's return and his "America First" agenda buoyed US equities, though the emergence of Chinese AI giant DeepSeek has raised questions about the enduring dominance of US tech.   𝐓𝐨𝐩 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐮𝐧𝐝 𝐫𝐚𝐧𝐠𝐞 𝐢𝐧 𝐉𝐚𝐧𝐮𝐚𝐫𝐲: ▪️ 10X S&P SA Top 50 (UT & ETF) 3,6% ▪️ 10X SA Equity Fund 2,5% ▪️ 10X S&P 500 ETF 1,9% ▪️ 10X Total World Fund (UT& ETF) 1,9% 𝐓𝐨𝐩 𝐲𝐢𝐞𝐥𝐝𝐬 𝐢𝐧 𝐨𝐮𝐫 𝐫𝐚𝐧𝐠𝐞 𝐢𝐧 𝐉𝐚𝐧𝐮𝐚𝐫𝐲: ▪️ 10X Yield Selected Bond Fund (UT&ETF) 11% ▪️ 10X Govi ETF 10,1% ▪️ 10X Income Fund (UT&ETF) 8,5% 𝐅𝐮𝐥𝐥 𝐟𝐮𝐧𝐝 𝐫𝐚𝐧𝐠𝐞 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://lnkd.in/dT8Gj6QB

📰 𝟭𝟬𝗫 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱: Markets are shifting fast—from trade wars to AI disruption and evolving investment landscapes. Trump's proposed tariffs could redefine global trade, Eskom’s funding gap raises long-term energy risks, and AI incumbents face unexpected competition. 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: ▪️ Tariff proposals highest since 1940’s ▪️ Lower Eskom tariff hikes granted ▪️ AI’s Changing Landscape Authored by: Anton Eser (CIO) & Christopher Eddy, (Head of Multi-Asset Funds) 10X Investments 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗯𝗲𝗹𝗼𝘄:

📻 Is Deep Seek AI’s Sputnik moment? From Nvidia’s threatened moats to parallels with the dot-com bubble, the conversation reminds us of one critical market truth: today's giants can quickly become tomorrow's cautionary tales. Christopher Eddy, Head of Multi-Asset Funds at 10X Investments, joined Michael Avery Classic Business Fine Music Radio on the Not the Daily News podcast to unpack the implications.  https://lnkd.in/dgWJkfhY

🚀 Key Insights from Our 2025 Outlook Webinar Anton Eser (CIO) and Christopher Eddy, (Head of Multi-Asset Funds) shared these takeaways for professional investors and fund buyers: 1️⃣ Goldilocks or The Bubble? The US economy thrives, but equity valuations signal bubble-like risks in tech and speculative assets. 2️⃣ Valuations Matter High US equity valuations point to low returns. Diversification into undervalued assets, like South African bonds, offers opportunities. 3️⃣ Debt Risks With US debt-to-GDP hitting 160%, rising interest costs could pressure yields. Financial repression may loom. 📹 Missed it? Watch the full webinar by clicking below or us the link here: https://lnkd.in/dNJhzPyx #10XInvestments #MarketOutlook #ProfessionalInvestors #RiskManagement

📢 𝗟𝗮𝘀𝘁 𝗖𝗵𝗮𝗻𝗰𝗲 𝘁𝗼 𝗦𝗲𝗰𝘂𝗿𝗲 𝗬𝗼𝘂𝗿 𝗦𝗽𝗼𝘁! Join Anton Eser and Christopher Eddy, for our Multi-Asset Outlook webinar happening 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄, 𝟮𝟭𝘀𝘁 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱 𝗮𝘁 𝟭𝟭:𝟬𝟬 𝗔𝗠. 𝘿𝙚𝙨𝙞𝙜𝙣𝙚𝙙 𝙚𝙭𝙘𝙡𝙪𝙨𝙞𝙫𝙚𝙡𝙮 𝙛𝙤𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙞𝙣𝙩𝙚𝙧𝙢𝙚𝙙𝙞𝙖𝙧𝙞𝙚𝙨 𝙖𝙣𝙙 𝙥𝙧𝙤𝙛𝙚𝙨𝙨𝙞𝙤𝙣𝙖𝙡 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨, 𝙩𝙝𝙞𝙨 𝙨𝙚𝙨𝙨𝙞𝙤𝙣 𝙬𝙞𝙡𝙡 𝙘𝙤𝙫𝙚𝙧: ▪️ Key takeaways from 2024 ▪️ Top investment opportunities for 2025 ▪️ Actionable strategies to navigate the year ahead 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗛𝗲𝗿𝗲: https://lnkd.in/dq3ZumM4 #InvestmentOutlook #FinancialIntermediaries #ProfessionalInvestors 10X Investments

𝟭𝟬𝗫 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 – 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗘𝗱𝗶𝘁𝗶𝗼𝗻: With the dollar strengthening post-election, we're witnessing echoes of the first Trump administration's early days. This shift is creating significant ripples, particularly in emerging markets like South Africa, where the Rand has faced sharp depreciation. Our portfolio maintains a conservative stance with a strong overweight in SA inflation-linked bonds, offering attractive real yields. 𝗞𝗲𝘆 𝘁𝗵𝗲𝗺𝗲𝘀: ▪️ The Trump Bump – season 2 ▪️ US Government must roll over $10trn in 2025 ▪️ Diversification within US Equities Written by: Christopher Eddy, CFA, Anton Eser 10X Investments

𝟭𝟬𝗫 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 – 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗘𝗱𝗶𝘁𝗶𝗼𝗻: With the dollar strengthening post-election, we're witnessing echoes of the first Trump administration's early days. This shift is creating significant ripples, particularly in emerging markets like South Africa, where the Rand has faced sharp depreciation. Our portfolio maintains a conservative stance with a strong overweight in SA inflation-linked bonds, offering attractive real yields. 𝗞𝗲𝘆 𝘁𝗵𝗲𝗺𝗲𝘀: ▪️ The Trump Bump – season 2 ▪️ US Government must roll over $10trn in 2025 ▪️ Diversification within US Equities Written by: Christopher Eddy, CFA, Anton Eser 10X Investments

Christopher Eddy, Head of Multi-Asset Funds at 10X Investments on the Money Show with Simon Brown, Moneyweb on potentially very poor US equity returns over the next decade as the recent massive run higher has sent valuations skyrocketing. Listen to the full podcast below.

As 2024 comes to a close, we want to say THANK YOU for your support this year! To show our appreciation, we’re sharing something truly special: an exclusive video of GG Alcock’s incredible keynote from our Think Investing convention 2024. GG dives deep into South Africa’s informal economy, revealing its untapped potential, creativity, and the opportunities shaping our country’s unique economic story. Here’s to reflecting on the year past and shaping the one ahead! 🙌 #ThinkInvesting #10XInsights #SouthAfrica 10X Investments https://lnkd.in/dEDWqfuG

The recent polycrisis—a convergence of global disruptions—has sparked innovation and transformation across industries. At the 10X Think Investing conference, Christopher Rule, Head of Client Solutions at 10X Investments, explores global and local trends shaping the future of the investment management industry. Watch the full presentation here: https://lnkd.in/d6pFBxJx If you'd like to hear more from Chris, then join our session at the Investment Forum 2025 - 𝗖𝗮𝗽𝗲 𝗧𝗼𝘄𝗻, 𝟱𝘁𝗵 𝗠𝗮𝗿𝗰𝗵, 𝟭𝟰:𝟭𝟱; 𝗦𝘂𝗻 𝗖𝗶𝘁𝘆, 𝟭𝟭𝘁𝗵 𝗠𝗮𝗿𝗰𝗵, 𝟭𝟰:𝟭𝟬. Click here: https://lnkd.in/dZS_cPTr