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Investment Institute Journal 5 Are you asking the questions that matter? There is ever more compelling evidence in support of taking a long-term approach to investing. But is this easier said than done? Is long horizon investing only for private markets or can it be pursued in mainstream equity and fixed income strategies? Are there emerging thematic areas that will lead to value creation as part of a long horizon investment philosophy? What role does sustainability and ESG play? These questions and more underpin the work of the Investment Institute and our fifth edition of The Journal . Introduction: Capitalising on the long term John Green and Katherine Tweedie Intro video Chapter 1 How can we put tomorrow before today? In this chapter, we focus on “How to re-orient capital to the long term?” There is increasing empirical evidence in support of long-horizon investing, but is this easier said than done? How do key stakeholders move from talking about the importance of long-termism to taking action, and reaping the benefits of doing so? We will further develop the theme of long-termism and outline practical ways to re-orient capital in Chapters 2 and 3 of Journal 5, which will be published in late 2017 and early 2018. Download chapter Journal 5 Intro Introduction: Capitalising on the long term John Green and Katherine Tweedie Chapter 1 1 Ideas for action for an enduring and sustainable financial system Hendrik du Toit, Therese Niklasson and Aniket Shah Chapter 1 2 An active Quality equity approach for long-term sustainable growth Simon Brazier, Clyde Rossouw and Neil Finlay Chapter 1 3 African infrastructure investment opportunities and sustainable development Nazmeera Moola and Ope Onibokun Chapter 1 4 It’s all in the numbers: why good statistics are key to infrastructure investment in Africa Morten Jerven Chapter 1 5 Perspectives on corporate pensions Mark Walker and Katherine Tweedie Chapter 1 6 Long-term opportunities and risks in carbon management: the case of sovereign debt investing Naasir Roomanay, Roger Mark and Desné Masie Chapter 2 The future: how can we look forward to it? In this chapter, we continue to explore our theme of capitalising on the long term. We start with Michael Power, Strategist, discussing disruptive technologies and its long-run implications. Our next piece from Investec’s 4Factor team argues that the cycle is turning in active’s favour, despite the growth in passive investing. Next, we turn our lens towards Africa and the potential for long-term value creation in sub-Saharan real estate. Our latest Investor’s View is from John Elkington, Chairman of Volans Ventures Consultancy and he sheds some light on developments in the ESG space. A large part of the ‘E’ component of ESG is overwhelmed by the coming renewable energy revolution. Here Tom Nelson, Head of Natural Resources discusses why this sector is a prime candidate for the deployment of long-term capital. Download chapter Chapter 2 1 Technology: inflating political risk, impacting investment Michael Power Chapter 2 2 The long-term benefits of active investing Jonathan Parker and Rhynhardt Roodt Chapter 2 3 African real estate: the missing link Thomas Reilly Chapter 2 4 Investor's View: Volans Ventures John Elkington and Zahra Sachak Chapter 2 5 Advancing the renewable energy transition Tom Nelson Chapter 3 Why is the future emerging? We continue to seek out and present interesting angles on the theme of capitalising on the long term. One of those key themes is automation and its threat to job security, a theme explored by Martin Ford, author of ‘Rise of the Robots’, and Anton du Plooy, an Investec analyst. Geographically, we turn our attention to China in the second article, where Greg Kuhnert, who manages Investec’s Chinese equity funds, delves into the long-term implications of China’s ongoing drive to liberalise its asset markets. The China and technology themes come together in a piece by emerging market equity manager Archie Hart, revealing how China’s technological revolution is changing its economy and the world. Elsewhere, Mike Hugman, who manages emerging market fixed income portfolios at Investec, explores a broad and enduring trend towards fundamental, underappreciated improvements across emerging markets. Last, but certainly not least, Therese Niklasson, head of ESG at Investec, presents some examples showing how integrating ESG into investments is transforming practices around the industry. Download chapter Chapter 3 1 Investor's view: Martin Ford Martin Ford in conversation with Anton du Plooy Chapter 3 2 The alpha and beta of Chinese equities Greg Kuhnert Chapter 3 3 Fragile five turns to fragile few Mike Hugman Chapter 3 4 Zen and the art of bicycle finance Archie Hart Chapter 3 5 ESG: the next generation of investing Therese Niklasson The Journal This year we have made The Journal more user-friendly and digestible. The full Journal can be downloaded from this site per full chapter or per individual article. You can share quotes or full articles using the easy share functionality within this site. You can even download the full Chapter to your Kindle. Download journal Download Kindle Request a hard copy About the journal 5 About investment institute Terms & Conditions Important Information The content of this website is intended for professional investors and those with a sophisticated knowledge of financial markets (e.g. financial journalists, academics etc.) and should not be relied upon by anyone else. Investments carry a risk of capital loss. The views expressed are as at the date of publication and may no longer be current. General risks Past performance is not a reliable indicator of future results. The value of investments, and any income generated from them, can go down as well as up; losses may be made. Specific risks Equity investment : Value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company. Investing in China : China may have less developed legal, political, economic and/or other systems. Investment in mainland China may therefore involve a higher risk of financial loss when compared with countries generally regarded as being more developed. Emerging market : Some countries may have less developed legal, political, economic and/or other systems. These markets carry a higher risk of financial loss than those in countries generally regarded as being more developed. Real estate : Real estate prices rise and fall in response to a variety of factors, including local, regional and national economic and political conditions, interest rates and tax considerations. Real estate investments can be harder to buy and sell when compared to more liquid investments and as a result can be more volatile. 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Investment Institute Journal 5 back Menu Chapter 1 Chapter 2 Chapter 3 Menu Prev Prev article Next article Next Home / Chapter / : Share Save Download Top Investment Institute Journal 5 Share this page Investment Institute Journal 5 The Journal Home page Introduction: Capitalising on the long term John Green and Katherine Tweedie Chapter 1 Ideas for action for an enduring and sustainable financial system Hendrik du Toit, Therese Niklasson and Aniket Shah An active Quality equity approach for long-term sustainable growth Simon Brazier, Clyde Rossouw and Neil Finlay African infrastructure investment opportunities and s...