Markets, momentum and the road to 2026
As the festive season approaches, many of us prepare to pause, reflect and reconnect with the people who matter most. It’s also a moment to look back with appreciation – to acknowledge the journey we’ve walked, the growth we’ve experienced, and the milestones we’ve reached throughout 2025.
There is a quote that captures this sentiment beautifully. Its exact origin is unknown, but its wisdom is undeniable:
“The only time you should ever look back is to see how far you’ve come.”
At Old Mutual Wealth, this holds especially true. 2025 has been a meaningful year, filled with successes, complexity, innovation and partnership. You trusted us and held us accountable – and together, we didn’t just navigate challenges, we turned them into opportunities, earning accolades and finding many reasons to celebrate along the way.
Despite the hurdles, we have had many highlights that not only apply to Old Mutual Wealth, but also to South Africa as a whole. We shone brightly, hosting a successful G20 Summit and seeing our sports teams dominate on the world stage. Grit defines us – and the right partnerships make all the difference in navigating tough times. Thank you for choosing us – and for continuing to place your trust in us year after year.
On our journey to deliver tailored solutions, Old Mutual Multi-Managers evolved into Symmetry – expanding beyond multi-management to include discretionary fund management and best-in-class offerings, backed by rigorous research and strengthened through our partnership with Russell Investments.
Our majority stake in 10X Investments further accelerates our strategy to enhance passive, tech-enabled investment capabilities. 10X is one of Africa’s fastest-growing investment firms, with over R68 billion in assets under management and more than 60 000 clients, and it holds a market-leading position in passive flows, exchange traded funds (ETFs) and smart beta solutions. We see strong alignment in purpose, culture and opportunity.
We received several accolades for fund performance in 2025. The Old Mutual Multi-Managers Long Short Equity Fund of Hedge Funds was named the best fund of hedge funds over five years at the HedgeNews Africa Awards for the seventh consecutive year. In addition, the Old Mutual Global Equity Fund, expertly managed by Jupiter Asset Managers, won the Best Global Equity General Fund award at the 2025 INN8 Invest Diamond Awards for its performance over the five years to December 2024.
As we look ahead to 2026, we remain dedicated to partnering with you to protect, grow, leverage and transfer your wealth with purpose and clarity. Your confidence in us remains the driving force behind our commitment to delivering long-term value, insight and care.
From all of us at Old Mutual Wealth, thank you for your trust and partnership. Wishing you a peaceful festive season and a prosperous 2026!