In Cover magazine’s Women’s Month issue, Fazila Manjoo, Portfolio Manager at Mergence Investment Managers, views digital disruption as a long-term mega-theme for investors. Since early 2023, digital disruption has been a key driver of global equity returns. While it is still early days, Fazila expects this theme to continue as technologies improve and progress is made in the application of AI across several industries. She thinks demand for companies that provide semiconductors, data centres, networking, and servers—the underlying infrastructure and utilities of digital disruption—may outstrip supply in the foreseeable future. Mergence was one of the very first to market with an Actively Managed Certificate (AMC), with the early-2024 launch of MERGE, the Mergence Global Quant Equity Portfolio, which has outperformed the MSCI World index benchmark comfortably. The AMC structure enables efficient management of the fund and reduces the costs of management relative to traditional fund structures.
Prosus eyes surge in trading profit to R7bn for 2025
Commenting on the guidance provided by the new Prosus CEO, Peter Takaendesa, Head: Equities at Mergence Investment Managers, said on