The Amplify SCI Strategic Income Fund continues to outperform its SteFI +1% benchmark, largely due to a strong position in SA Government Bonds and other return drivers across the fixed income spectrum. Carmen Nel of Terebinth Capital confirms the focus remains on disciplined risk management and active allocation, ensuring “what it says on the box”. She cautions that the substantial “everything rally” makes future returns challenging, while key local macro factors remain under scrutiny – specifically the MTBPS and political noise around the SARB’s mandate and independence.
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