* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Sean Ashton – Penny has dropped for SAs on global shares, now re-assess other investment myths

February 27, 2024
in Business
Sean Ashton – Penny has dropped for SAs on global shares, now re-assess other investment myths
Share on FacebookShare on Twitter

OMBA’s Sean Ashton dives into contentious waters here by addressing the naivety that produced “ten lost years” for South African investors overly influenced by home bias. He argues that’s not the only myth needing re-assessment, suggesting that a new investment regime may well have taken hold over the past decade and a half. The highly respected asset manager spoke to Alec Hogg of BizNews.

Watch here

Listen here

Edited transcript of the Interview

Alec Hogg: Sean Ashton is well known in the investment community in South Africa. He works with OMBA, which is London-based. He, of course, is based here at home still. But two weeks ago, he wrote a very instructive piece that was published on BizNews, which focused on the American stock market, highlighting how big caps had massively outperformed medium and small caps. This means shares in smaller American companies have performed worse than those in larger ones over the last five years. Now, we’re going to discuss that in detail, talk about the Magnificent 7, big caps, small caps, and even the Gorilla Game, which I’d love to get Sean’s views on. But before we go there, it’s interesting how South African investors have discovered a world outside the JSC. More people are realising they can invest in Amazon, Apple, Nvidia, rather than just Barlow’s Anglo-American and Sanlam. This transition has been rapid.

Sean Ashton: I’m surprised it’s taken as long as it has. I would have thought it would have been obvious as long as 10 years ago. Local investors have woken up to the damage they’ve suffered in terms of missed opportunities. The South African market has become very concentrated, with liquidity focused on a handful of large stocks. If you want global exposure, you’re limited to probably five meaningful stocks outside the resources sector. That’s not good enough. There are many opportunities across various sectors globally.

Alec Hogg: Coronation’s Chief Investment Officer recently mentioned it’s been a lost decade for South African investors. Yet, for most of that past decade, investment firms were focused locally. What has your strategy been in the past 10 years?

Sean Ashton: My strategy has been to focus more on offshore investments. I don’t see myself as a South African investor. It’s hard to make a case for being invested in South Africa. We’re losing critical mass in various aspects. Not until there’s a change in the governing party would I consider it.

Read more: 🔒 RW Johnson: (Re)Structuring SA’s national interest post-ANC – a rational proposal

Alec Hogg: When you focus on international markets, does it give you an advantage in this internet age where information is available to everyone simultaneously?

Sean Ashton: Potentially, but it’s tough for professional asset managers. The playing field is leveling, which is good news for individual investors. Our jobs are getting tougher, but that’s ultimately good for savers.

Alec Hogg: Many savers don’t have the experience or resources to invest internationally. Let’s discuss your recent article comparing the S&P 400 to the S&P 500. There’s a significant negative skew in the performance numbers, especially in smaller portfolios. You haven’t had the opportunity for winners to contribute disproportionately in smaller cap indices, unlike the S&P 500.

Sean Ashton: Exactly. Financial markets don’t follow natural distributions. Returns to scale are real, and big winners can become outsized contributors. Market-cap weighted indices naturally rebalance, where big winners become disproportionate contributors and losers get culled.

Alec Hogg: That’s a fascinating analogy, Sean. Just for clarity, could you explain the difference between the S&P 500 and the S&P 400, and perhaps touch on the Russell 2000?

Sean Ashton: Certainly. The S&P 400 typically includes companies with a market cap around $13 billion. However, the largest constituent, Supermicro Computer, which has seen significant growth, now exceeds $40 billion in market cap. Eventually, such companies should leave the index due to inclusion criteria like trailing profitability and liquidity.

Alec Hogg: It’s important for South Africans to understand these differences. In comparison, $13 billion is over 200 billion Rand. Very few South African companies reach that level. Moving on, let’s discuss the “gorilla game” in the tech industry. The larger companies seem to continue growing. Is this a significant factor in analyzing stock performance over time?

Read more: Millions lost by 150 investors who clicked on a deep fake “Elon Musk” ad…

Sean Ashton: Absolutely. There may have been a regime change in the economic structure of financial markets and the economy due to technology. While historically, mid caps have outperformed the S&P 500, the last 13 years have shown persistent underperformance. Large corporations now gain significant economic clout due to network effects and scale, which may impact traditional market dynamics.

Alec Hogg: Your insights into the impact of technology are invaluable. Speaking of, Nvidia has experienced unprecedented growth despite its scale. How do we navigate as investors? Should we focus on smaller companies, or stick with the giants like Nvidia?

Sean Ashton: It’s a case-by-case basis. While opportunities may exist in smaller stocks, we shouldn’t rush to sell winners like Nvidia. However, we must assess if we’re at peak earnings and consider factors like operating margins. Diversification within sectors may also be prudent. Tactical trades like equal-weighted S&P 500 can be useful, but long-term strategies may vary.

Read also:

Unpacking the cadre deployment crisis: SA’s institutions and the people who staff them – Terrence Corrigan
ANC blames a broken laptop for five years of missing cadre deployment records
Netanyahu’s Gaza plan is a flawed blueprint, but at least it’s a start: Marc Champion

Visited 48 times, 48 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/sponsored/2024/02/26/sean-ashton-penny-dropped-sa-global-shares-re-assess-myths

Tags: AshtonbusinessPenny
Previous Post

Millions lost by 150 investors who clicked on a deep fake “Elon Musk” ad…

Next Post

Sasol delivers interim earnings in volatile environment

IRONMAN World Championship Kona 2025: Date, start time and how to watch live – TRI247

IRONMAN World Championship Kona 2025: Date, start time and how to watch live – TRI247

October 9, 2025
Canada’s economy is in serious trouble. Now Mark Carney is coming to Washington to talk tariffs – CNN

Canada’s economy is in serious trouble. Now Mark Carney is coming to Washington to talk tariffs – CNN

October 9, 2025
Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

October 9, 2025
Better Food, Better Health: Redefining Chronic Disease Care Through Nutrition – The American Journal of Managed Care® (AJMC®)

Better Food, Better Health: Redefining Chronic Disease Care Through Nutrition – The American Journal of Managed Care® (AJMC®)

October 9, 2025
WATCH: ‘Come and get me,’ Pritzker responds to Trump’s call to put Illinois governor in jail – PBS

WATCH: ‘Come and get me,’ Pritzker responds to Trump’s call to put Illinois governor in jail – PBS

October 9, 2025
New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

October 8, 2025
Scientists just proved the moai could walk, solving a 500-year mystery – ScienceDaily

Scientists Finally Reveal How the Moai Statues Could “Walk,” Solving a 500-Year Mystery

October 8, 2025
GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

October 8, 2025
Horses making the rounds at Florida hospitals – The Union Democrat

Horses Bringing Joy and Healing to Florida Hospitals

October 8, 2025
ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

October 8, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (858)
  • Economy (879)
  • Entertainment (21,752)
  • General (17,490)
  • Health (9,921)
  • Lifestyle (891)
  • News (22,149)
  • People (880)
  • Politics (890)
  • Science (16,089)
  • Sports (21,379)
  • Technology (15,859)
  • World (862)

Recent News

IRONMAN World Championship Kona 2025: Date, start time and how to watch live – TRI247

IRONMAN World Championship Kona 2025: Date, start time and how to watch live – TRI247

October 9, 2025
Canada’s economy is in serious trouble. Now Mark Carney is coming to Washington to talk tariffs – CNN

Canada’s economy is in serious trouble. Now Mark Carney is coming to Washington to talk tariffs – CNN

October 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version