Flagship Fund Range Podcasts

China - What the headlines don't tell you

China is one of the world’s most debated investment markets, but how different does the picture look on the ground? Anil Jugmohan, Senior Investment Analyst, is joined by Nick Balkin, Portfolio Manager of the Nedgroup Investments Stable Fund, following his recent visit to China. They explore the gap between investor perception and reality, the competitiveness of Chinese businesses, and how on-the-ground insights inform investment decisions within the Stable Fund. The conversation also considers how opportunities in China can be balanced with capital preservation, valuation discipline and the broader objectives of a diversified multi-asset portfolio.

• China
• Investment Insights
• Multi-Asset Investing

AI mania, market fragility, and staying disciplined

Artificial intelligence has become one of the most powerful investment themes in global markets, driving strong equity returns and attracting significant investor attention. But as enthusiasm has grown, so too have questions about concentration risk, crowded trades and market fragility. In this episode of Inside the mind of a fund manager, host Anil Jugmohan, Senior Investment Analyst, speaks to Mazika Li, Portfolio Manager of the Nedgroup Investments Global Emerging Market Equity Fund. Together, they unpack the forces driving the AI rally, explore what triggered the recent market correction and discuss why active managers are looking beyond the obvious winners to identify long-term opportunities. Listen for insights on market concentration, liquidity, valuation and how disciplined portfolio positioning can help investors navigate periods of heightened volatility.

• Artificial Intelligence
• Global Emerging Markets Equity Fund
• Investment Insights

The iron backbone of North America: Why rail still wins

In today’s market environment, investor attention has been dominated by AI and disruption-led narratives. Yet, beneath this noise, the fundamental drivers of the real economy continue to operate - moving goods, enabling trade, and adapting to shifting supply chains. In this episode of Inside the mind of a fund manager, Mansoor Narker sits down with Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, to unpack the investment case for rail infrastructure through the lens of Canadian Pacific Kansas City. Their discussion explores how infrastructure assets like railways can offer both resilience and growth, supported by structural demand for transportation and logistics, high barriers to entry and entrenched network advantages, and the ability to navigate cost pressures and evolving trade flows. Importantly, the conversation highlights why investors may benefit from looking beyond headline-driven trends and maintaining exposure to assets that underpin long-term economic activity. Listen to the full episode to explore how infrastructure can support more resilient, outcome-driven portfolios.

• Global Equity Fund
• Rail Infrastructure
• Investment Insights

Inside the mind of a fund manager: Getting paid to sit still - The business of infrastructure monopolies

In this episode, Mansoor Narker, Senior Investment Analyst, and Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, explore why infrastructure remains a cornerstone of resilient long‑term investing. Against a backdrop of rapid technological change and short‑term market narratives, the discussion focuses on how real assets such as roads, airports and long‑term concessions can deliver predictable cash flows and durable returns. Using Vinci as a case study, the episode offers a practical perspective on quality, compounding and why some fundamentals still matter deeply in an AI‑driven world.

• Global Equity Fund
• Global Investing
• Global Investments
• Investment Insights

Looking different to win: Inside the Nedgroup Investments Property Fund

What does it really take to deliver strong returns without taking unnecessary risk? In this episode of Inside the mind of a fund manager, David Levinson, Head of Responsible Investment, is joined by Ian Anderson, Portfolio Manager of the Nedgroup Investments Property Fund, to explore how a differentiated, fundamentals driven approach has translated into smoother returns, resilient income growth and long-term consistency. They also unpack the thinking behind the Nedgroup Investments Property Fund, which was recently awarded the trophy for best risk-adjusted performance over five years to 31 December 2025 in the Best Real Estate Fund (SA and Global) category at the 2026 Raging Bull Awards.

• Property Fund South Africa
• Investment Insights
• Real Estate Funds

Investor reactions and the quality in global equity

In this episode, Mansoor Narker, Senior Investment Analyst, is joined by Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, to unpack what markets have dubbed the “Saaspocalypse.” As investor enthusiasm around artificial intelligence has intensified, many software and data businesses have been sold off indiscriminately. But is all software equally vulnerable to disruption? Andrew explains why a long-term, real-return lens still matters, what investors mean when they talk about “systems of record”, and why deeply embedded software businesses with high switching costs and governance requirements may be more resilient than headlines suggest. The conversation also explores a recent portfolio decision to sell Alphabet, and how the team is thinking about software exposure more broadly. Tune in to this discussion on quality, valuation discipline and why nuance matters in a market dominated by a single AI narrative.

• Global Equity Fund
• Saaspocalypse
• Investment Insights

Quality, conviction, and the long game: A conversation with Andrew Headley

In this episode, Mansoor Narker, Senior Investment Analyst, sits down with Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, for a candid discussion on quality investing and the discipline required to deliver real long-term returns. Together, they explore why a long-term, inflation-plus return lens is the right one despite recent style rotations, how quality is measured holistically within the Global Equity Fund, where stored performance potential may lie in the portfolio, and what investors should remember when noise is high and conviction is tested. Tune in to this incredible conversation to hear more about the power of discipline in investing.

Rashaad Tayob on navigating macro trends and investment convictions in China

In this new episode, Anil Jugmohan, Senior Investment Analyst and Rashaad Tayob, Portfolio Manager of the Nedgroup Investments Stable Fund, share firsthand insights from their recent research trip to China. They unpack macroeconomic takeaways and sentiment on the ground, such as the recovering Chinese consumer and high-quality growth. You will also learn more about what stood out in terms of infrastructure, innovation, and progress on urbanisation, and whether Rashaad considers China to be an emerging market or the most dominant economy in the world. Tune in to hear how this trip has influenced Rashaad's conviction on existing positions held by the Stable Fund, spotlighted emerging opportunities, and revealed new risks. Plus, don’t miss their closing reflections and the one insight every investor should take away from this experience.

Iain Power talks strategies for consistent performance while navigating market complexities

In this episode of "Inside the mind of a fund manager," Mansoor Narker engages in a compelling conversation with Iain Power, the CIO of Truffle Asset Management. As one of the four portfolio managers of the Nedgroup Investments Balanced Fund, Iain provides an in-depth look at how his team has navigated market challenges to deliver outstanding performance. With a net return of 13.4% to the end of May and 20% over the past year, the fund stands out among its peers. Listen in as Iain discusses his strategies, market views, and future opportunities. Don't miss this opportunity to learn from a top fund manager.

Walter Aylett on selling Berkshire Hathaway and Warren Buffett's legacy

In this episode of our Investments Insights podcast, Natalie Helmbold, Investment Analyst, sits down with Walter Aylett, founder of Aylett & Co and portfolio manager of the Nedgroup Investments Bravata Worldwide Flexible Fund. With decades of experience in asset management, Walter is known for his deep conviction in quality businesses and long-term investing. One of his most iconic holdings? Berkshire Hathaway, a position he’s held in the fund for nearly 20 years. Walter shares his journey with Berkshire, why he recently trimmed his stake ahead of the 2025 AGM, and what it was like to witness Warren Buffett’s retirement announcement in person. This is a rare, behind-the-scenes look at a fund manager’s relationship with one of the most legendary companies, and investors, of all time.

Balancing the books: South Africa's debt to GDP ratio and stabilisation strategies

Unveiling the intricacies of South Africa's economy, in the second part of our Investment Insights podcast, Senior Investment Analyst, Anil Jugmohan and co-portfolio manager, Rashaad Tayob from Foord Asset management discuss the nation's fiscal health, investment opportunities within equities and bonds, and the global gold market dynamics.

Sustaining growth: The US economy's path forward amid political shifts

In our latest Investment Insights podcast, Anil Jugmohan, Senior Portfolio Manager, engages in a conversation with Rashaad Tayob, Portfolio Manager at Foord Asset Management. Together, they delve into the impacts of US government spending on asset prices and explore the future directions of the Fed Funds Rate, discussing how these factors shape both the US and global economies, and highlighting what investors should watch for in this dynamic landscape.

Opportunity in focus: Navigating China’s investment landscape

Mohini Naidoo is in conversation with Steve Minnaar, Portfolio Manager at Abax Investments, about the investment opportunities they are seeing in China, following Steve's recent research trip. They also discuss the effects of the unforeseen events that have happened over the last few years on China, and more about how the Nedgroup Investments Opportunity Fund leverages investment ideas from global markets.

Future-proof investing: Preparing for all scenarios

Anil Jugmohan, Senior Investment Analyst, is in conversation with Rashaad Tayob, co-portfolio manager of the Nedgroup Investments Stable Fund, about how they at Foord Asset Management are protecting the portfolio against adverse risks. Rashaad also shares insights on how they prepare for potential future investment scenarios in an unpredictable environment.

Adapting dual investment objectives in multi-asset funds

Mohini Naidoo, Senior Investment Analyst, engages in a thought-provoking discussion with Omri Thomas, Portfolio Manager of the Nedgroup Investments Opportunity Fund. Together, they delve into the intricacies of achieving dual investment objectives in multi-asset funds, adapting investment strategies to evolving global economic landscapes and navigating the investment implications of political events and policy proposals. Tune in to hear expert perspectives that can inform your investment decisions in today’s dynamic environment.

Not all Income Funds are created equal

Natalie Helmbold, Investment Analyst, is in conversation with Lara Dalmeyer, co-portfolio manager of the Nedgroup Investments Flexible Income Fund, in this podcast titled “Not all Income Funds are created equal”. They speak about the significant differences in income funds and how to spot them, the importance of understanding the risks associated with income funds and what investors can do to compensate for them. Tune in to this insightful podcast to learn and hear more about how Abax Investments’ portfolio management strategy for the Flexible Income Fund has enabled the fund to deliver consistent returns.