10X for Intermediaries

📈 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗨𝗽𝗱𝗮𝘁𝗲 𝗢𝗰𝘁𝗼𝗯𝗲𝗿: This month brought renewed volatility across global markets, with equities pulling back after a strong nine-month rally. Resilience in the U.S. economy contributed to a significant rise in bond yields, adding pressure on equity valuations.   In South Africa, the JSE mirrored global declines, while the rand softened against a stronger dollar as investors adopted a cautious stance ahead of the U.S. elections. Local bond yields rose in tandem with global yields, creating additional headwinds for South African markets.   𝗧𝗼𝗽 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗳𝘂𝗻𝗱 𝗿𝗮𝗻𝗴𝗲 𝗶𝗻 𝗢𝗰𝘁𝗼𝗯𝗲𝗿: ▪️ 10X S&P 500 ETF 2,6% ▪️ 10X Total World Stock Tracker feeder Fund (UT& ETF) 0,4% 𝗧𝗼𝗽 𝘆𝗶𝗲𝗹𝗱𝘀 𝗶𝗻 𝗼𝘂𝗿 𝗿𝗮𝗻𝗴𝗲 𝗶𝗻 𝗢𝗰𝘁𝗼𝗯𝗲𝗿: ▪️ 10X Yield Selected Bond Index Fund 11% ▪️ 10X Govi Bond 10,2% ▪️ 10X SA ILB Index Fund 9,5% 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗱𝗮𝘁𝗮 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗳𝘂𝗻𝗱 𝗿𝗮𝗻𝗴𝗲 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲: https://lnkd.in/dA9ZKzyC 10X Investments

We brought a group of great minds together at the recent 10X Investments Think Investing Convention. Listen to the full recording here: https://lnkd.in/dAmDk76D

What a memorable moment for the kids 💫 #proudsupporters

📰 𝟭𝟬𝗫 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 – 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗘𝗱𝗶𝘁𝗶𝗼𝗻: While National Treasury used the 2024 MTBPS to signal plans to unlock infrastructure led growth, their medium-term growth outlook remains cautious, providing room for an upside surprise. The negative correlation between US Equities and Bonds has returned for the first time in 3 years as concerns shifts from inflation to employment and growth. Regardless of the outcome of the US election, large budget deficits are set to see US debt burden continue to grow driving increased US Treasury issuance.  𝗞𝗲𝘆 𝘁𝗵𝗲𝗺𝗲𝘀: ▪️ SA fiscal trajectory post MTBPS ▪️ Negative correlation between US Bonds and Equities ▪️ Large fiscal deficits set to increase US debt burden Written by: Christopher Eddy, CFA, Anton Eser, 10X Investments 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗯𝗲𝗹𝗼𝘄:

With the U.S. election underway, all eyes are on the potential shifts in global markets—and how these might influence South Africa’s economy. In this market update on eNCA, Christopher Eddy, CFA Head of Multi-Asset Funds 10X Investments breaks down key factors: 🔹 How U.S. policy directions could shape the dollar, bond yields, and SA trade partnerships 🔹 The dual impact of rising fuel costs and oil market volatility on local inflation 🔹 Key drivers behind recent rand strength and what lies ahead 🎥 Watch below:

𝗧𝗵𝗲 𝟭𝟬𝗫 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲: 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝗰𝘆, 𝗖𝗿𝗲𝗱𝗶𝗯𝗶𝗹𝗶𝘁𝘆, 𝗮𝗻𝗱 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 Investing isn't about flashy moves; it's about consistent, steady outperformance that builds real wealth over time. Growth takes time, but consistency accelerates results. At 10X Investments, we deliver steady, repeated outperformance that compounds over the years, driving meaningful gains. Our legacy of expertise and integrity is built on a foundation of trust and credibility, offering you and your clients the reliability of established, respected funds. Plus, our cost-efficient structure boosts returns — putting more value back into your clients' portfolios. 𝑫𝒊𝒔𝒄𝒐𝒗𝒆𝒓 𝒉𝒐𝒘 𝒄𝒐𝒏𝒔𝒊𝒔𝒕𝒆𝒏𝒄𝒚, 𝒄𝒓𝒆𝒅𝒊𝒃𝒊𝒍𝒊𝒕𝒚, 𝒂𝒏𝒅 𝒄𝒐𝒔𝒕 𝒆𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚 𝒅𝒓𝒊𝒗𝒆 𝒐𝒖𝒓 𝒑𝒆𝒓𝒇𝒐𝒓𝒎𝒂𝒏𝒄𝒆. Partner with 10X—visit our website to learn more: https://lnkd.in/dR7v4HKj

📹 10𝑿 𝑻𝒉𝒊𝒏𝒌 𝑰𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝑪𝒐𝒏𝒗𝒆𝒏𝒕𝒊𝒐𝒏 𝑯𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔! We were very excited to connect with our valued clients and partners at the 8𝐭𝐡 𝐀𝐧𝐧𝐮𝐚𝐥 10𝐗 𝐓𝐡𝐢𝐧𝐤 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 earlier this month. Thank you to everyone who joined us and contributed to the meaningful conversations. The convention sparked impactful discussions on the future of financial advice, highlighting insights and strategies to navigate our ever-evolving industry. Catch the highlights reel below to see how we’re shaping the future of financial advice together with our IFA and DFM partners. For more information on how 10X partners with financial intermediaries visit: https://lnkd.in/dR7v4HKj Anton Eser Michelle Aspinall Noth, CFA Christopher Eddy, CFA Christopher Rule, CFA, CAIA Prieshka Taylor 10X Investments

📰 At 10X Investments, we’re proud to reflect on our journey since 2007, growing into a trusted partner for financial advisers and intermediaries. Our mission is to equip financial professionals with the tools they need to deliver consistent, long-term success for their clients through innovative, competitively priced solutions. Building on the insights from our 𝟭𝟬𝗫 𝗧𝗵𝗶𝗻𝗸 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗖𝗼𝗻𝘃𝗲𝗻𝘁𝗶𝗼𝗻 𝟮𝟬𝟮𝟰, where we explored the theme of the future of financial advice in our panel discussions, we’ve since been featured in this 2-page Business Day spread along with our DFM and IFA partners. Read the full article to learn how we’re driving growth and supporting advisers in helping their clients achieve their investment goals. Warren Ingram Galileo Capital Elke Zeki Foundation Family Wealth Kathryn van Dongen, CA(SA) MBA Carmel Wealth Zamazulu Zulu Investment Managers Group Kamini Naidoo Equilibrium Eben Louw, CFA, CIPM Naviga Efficient Group (Pty) Ltd Sean Neethling, PhD Morningstar Michelle Aspinall Noth, CFA Anton Eser Christopher Eddy, CFA Christopher Rule, CFA, CAIA Prieshka Taylor

Tune in as Anton Eser and Christopher Eddy, CFA discuss the 10X Investments Multi-Asset outlook and review the Q3 performance. Catch the quarterly insights by clicking the link below to watch the video.   We encourage you to email any questions you may have to: intermediaries@10x.co.za #10XOutlook Michelle Aspinall Noth, CFA Christopher Rule, CFA, CAIA Prieshka Taylor

September saw central banks cut interest rates around the world with the SARB reducing the Repo Rate by 0.25% whilst the US Fed cut 0.5%. This helped propel the S&P 500 to new all-time highs, driven by strong performance in defensive sectors like consumer discretionary and utilities. The CSI 300 surged by 19%, boosted by broad Chinese government stimulus measures designed to revive the economy and support investor confidence.   Top performers in the fund range in September: ▪️ 10X SA Property Income ETF 6,0% ▪️ 10X Yield Selected Bond Index Fund 5,3% ▪️ 10X Top 50 ETF & UT 3,8% Top yields in our range in September: ▪️ 10X Yield Selected Bond Index Fund 10,5% ▪️ 10X Govi Bond 9,6% ▪️ 10X Income Fund 9,5% Performance data can be found on the link below: