Anchor Capital's top offshore stock picks for 2025

Anchor Capital's Portfolio Manager, Reko Nare, recently sat down with CNBC Africa to discuss the key themes shaping the investment landscape for 2025. With a focus on policy, tariffs, and interest rates, Nare provided insight into how these factors will impact market opportunities and highlighted some top offshore stock picks for the year. Looking back at the significant events of 2024, including a wave of global elections and geopolitical tensions, Nare emphasized the potential influence of US election results on shaping rates, foreign exchange, and equity market returns. As President-elect Donald Trump prepares for his second term, all eyes are on how his presidency will impact global economic and political dynamics. On the topic of interest rates, Nare suggested a shift towards a consensus view that anticipates fewer rate cuts in 2025, potentially leading to a divergence in global capital flows and risk assets. In light of macroeconomic uncertainty and market volatility, Nare highlighted the importance of investing in stable total return investments and self-help stories. When discussing specific stock picks for 2025, Nare pointed to the AI thematic as a promising sector, with companies like Google's parent company, Alphabet, positioned as leaders in AI innovation and machine learning. Despite facing scrutiny and antitrust challenges, Alphabet's strong market position and valuation presented an attractive investment opportunity. Nare also identified Fortinet and Citigroup as top picks for the year, citing Fortinet's integrated cybersecurity platform and strong financial performance, while viewing Citigroup as a turnaround opportunity under new leadership. As reporting season kicks off, Nare's insights shed light on potential market trends and investment opportunities to watch in 2025.