Robert Cowen Investments was started in 1982 by Robert Cowen in order to manage private client assets, and is now positioned as a niche investment house, specializing in family wealth management. Robert Cowen Investments prides itself on being able to provide a comprehensive investment, administration and accounting service with a great deal of emphasis on personal service.

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When Pravin Gordhan was fired the rand did not immediately weaken too much. Later in April, the iron ore price fell rapidly, and, unsurprisingly, so did the rand. Usually, the correlation is not as immediate but we believe it is the key factor.

RCI Flexible Managed unit trust – closed May at 382.12, up 0.27% for the month, compared to the JSE Top 40 which was up 0.17%. The RCI BCI Flexible Fund is up 3.94% year to date whereas the JSE Top 40 is up 7.41% year to date. Excluding dividends, over five years our fund is up 59% and the JSE Top 40 is up 60%. (By 9 May it had risen another 6c to 387.85c).