This is expected to reduce the portfolio’s sensitivity to further increases in yields, while adding a measure of inflation protection should price pressures remain elevated."
See the Fund’s performance and our other offerings:
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During the month, we also made important changes to the fixed income allocation. Against a backdrop of sticky inflation and a more cautious Fed, we significantly reduced duration and initiated a position in an inflation-protected U.S Treasury (TIPS) maturing in October 2030.
The SDA has increased to R2 million per adult, per year—the first change in almost 15 years. For couples, that’s up to R4 million annually that can be externalised without SARS tax clearance. This change makes offshore investing more accessible, with fewer administrative delays.
This is more than a celebration of 15 years of High Street. It’s a sincere thanks to the clients and the families who helped get us here.
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The journey of an entrepreneur is infrequently a straight line to the top right. Often, initial clients tend to have personal relationships with the founder.
High Street may be a company, but it’s also been a custodian of our clients’ hopes, dreams, plans and wellbeing. This is a privilege and responsibility that has never been taken lightly.