maintaining the trust of our clients IS the cornerstone of our business
INTEGRITY
GLOBAL EQUITY STRATEGY
This strategy aims to achieve long term capital appreciation (in USD terms) by investing in a diversified portfolio of global equities.
INTEGRITY
LOCAL EQUITY STRATEGY
This strategy aims to achieve long term capital appreciation by investing in a diversified portfolio of South African equities.
GLOBAL
FLEXIBLE STRATEGY
This strategy aims to achieve long term capital appreciation by investing in a diversified portfolio of funds of different asset classes.
TRUST IS THE FOUNDATION OF LONG TERM RELATIONSHIPS
Integrity Asset Management is an owner managed,
boutique asset management company specialising in
unique, tailor-made solutions for private and institutional
clients. As such, we invest in long-term relationships with
our clients through exceptional, personalised service and
long-term value creation.
INVESTMENT MANAGEMENT
We provide an open architecture to structure the most appropriate, cost-effective and administratively efficient portfolios to meet our clients’ investment needs:
- Local and offshore equity collective investment schemes and segregated portfolios
- Local and offshore multi-managed portfolios
Our Views
Market Synopsis – January 2026
Expanding on our usual monthly commentary, we outline our core thesis for the US economy and equity market as we enter 2026. The outlook is increasingly shaped by two forces that are evolving in tension with one another: A looming AI winter in financial markets, and a deepening divergence in a K-shaped economy. A key thread among both forces could be middle-income households, the backbone of American consumption. As a consequence of a plateauing AI force, middle America risks becoming a fuse that will light the dynamite of a K-shape economy reversal in 2026.
Market Synopsis – December 2025
As 2025 closes, markets remain dominated by momentum amid high uncertainty. For now, we focus on what we can quantify: The 2026 effects of a potential reversal in the K-shaped economy, US fiscal policy, and the path forward after the AI trade faced its first real sentiment correction.
It is possible that we may be entering 2026 alongside a more fickle general investor, with AI bubble talk now brought into the limelight. Highlighted by Meta and Oracle’s recent weakness, the so-called “Metaverse Moment” could signal further caution, particularly as AI adoption and GPU rental trends show early signs of plateauing.
Market Synopsis – November 2025
As we enter November, the tug-of-war between AI-driven automation and the labour market is becoming increasingly evident. While the Fed has cut rates (and paused quantitative tightening), capital allocation remains heavily weighted toward AI, data centres, and automation, leaving human hiring on the sidelines of priority. So far, the market has happily rewarded the decision. This raises an important question: Will future monetary easing revive employment, or simply accelerate the shift from human to machine?
As the latest in a series of catalysts powering the AI trade, investors are questioning whether we are nearing a peak. The trend of speculative bets in the fringes of tech, such as quantum computing, could provide one of these early warning systems.