Ian Scott
Head of Fixed Income Investments
Ian joined the Momentum Investments team in September 2018
as head of fixed income. He began his career at Sasol as a foreign exchange
trader in 1996. In 1999, he joined SCMB Asset
Management as a money market dealer, then moved to the
capital market desk and, in 2007, the senior portfolio manager for
fixed income.
Then in 2013, he joined PSG Asset Management as head of fixed
income where he managed a team of fixed income investment
professionals managing various fixed income investments.
Qualifications
BCom (Hons) Investment
Management
Industry experience
26
years
More about Ian
Hobbies
- Exploring the great outdoors of Southern Africa’s beautiful places.
- Finding off the beaten track.
- Untouched locations.
- Off-road adventuring.
Favourite books
- The Most Important Thing by Howard Marks.
- Last Man Standing by Jamie Dimon/Duff McDonald.
- Mastering the Cycle by Howard Marks.
- Influence by Robert B Cialdini.
Favourite quote
"Investment success doesn't come from 'buying good things', but rather from 'buying things well'." - Howard Marks
Strategic and markets considerations
I believe in a valuation philosophy. When markets are volatile and quality assets go on sale, this is when the best opportunities are found. In our portfolios, we will buy quality underpriced assets, but also sit in cash when markets are exuberant, and prices are high. Volatility is not risk. As a team, we believe that overpaying for assets is the biggest risk in markets.
Fund updates
Ian Scott, head of fixed income, discusses the opportunity set in South African bonds. The stage is set to lock in high real yields at low risk. South African bonds may be the only local asset class generating an income in the next year or more. Investors should think about the current bond allocation in their portfolios and not miss the current opportunity presented.
Awards
Raging Bull Awards
The Momentum Enhanced Yield Fund was named Best South African - Interest Bearing - Short Term Fund, for risk-adjusted performance over a five-year period to the end of December 2019. This is the second consecutive year that this portfolio won in this category.