Your Investments What can you expect

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Your InvestmentsWhat can you expect?
July 2006
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South AfricaA Historical Perspective
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SA inflation
Source STATS SA
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Currency
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SA asset class returns
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SA asset class returns
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Global Investment Perspective
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The US debt burden
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Fed overkill? Soft or hard landing?
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Super Cycle Top The Long Road
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South AfricaThe Cyclical View
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SA Reserves dismal versus other countries
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Deteriorating picture for the currency
Source SARB
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Consumer hooked on credit
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Interest rates on the rise
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Rising debt levels with record low savings
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JSE All Share Index
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SA asset class returns what can you expect?
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Select Manager Prudential Active FoF Asset
Allocation
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Disclaimer
This document has been prepared by Insinger de
Beaufort Asset Management N.V. and Insinger de
Beaufort Investments (S.A.) (Pty) Ltd on the
basis of publicly available information,
internally developed data and other sources
believed to be reliable. Whilst all reasonable
care has been taken to ensure that the facts
stated are accurate and the opinions are fair and
reasonable, neither Insinger de Beaufort Asset
Management N.V., Insinger de Beaufort Investments
(S.A.) (Pty) Ltd, nor any director or employee,
shall in any way be responsible for any reliance
placed on its contents. Past performance is not
necessarily a guide to future performance. The
value of investments and the income from them can
fall as well as rise and is not guaranteed. This
document is for informational purposes only. It
is not intended as an offer or solicitation for
the purchase or sale of any financial instrument.