Webinar: Strong rand offsets Apple’s big move; Global Portfolio delivers 28% annualised growth

While many may not agree with Donald Trump's vision and policy formation for the globe's largest economy, US markets have taken a liking to him with the S&P 500 snapping record highs. His reign has also seen a slight shift in the sage of Omaha's portfolio, with some analysts arguing that Warren Buffett's latest stock plays serve up some clues for reading the Trump-era economy. His faith in retail stocks seems to have disappeared, while his enthusiasm for global tech stocks has suddenly exploded. Buffett has snapped up both Apple and airlines after previously shying away from them. A year ago Apple did not feature as one of Berkshire's 15 biggest shares, today it's the second biggest, behind Wells Fargo. Apple is also one of the top three holdings in the Biznews Global Portfolio, and as you'll discover in the February update below, we're delighted that Buffett's joined the club. That plus our relief that patience has been rewarded as the stock has surged 51 percent since bottoming at around $90 last May. The portfolio has delivered 28 percent annualised growth since being launched in December 2014. The full webinar has been transcribed below. – Stuart Lowman

Well, good afternoon, it's Alec Hogg coming to you from London for our monthly update on the Global Share Portfolio. The portfolio in Dollars, as you can see, has risen by 33 percent since inception. We started this with $200,000 on the 5th of December 2014. As you can see, that $200,000 has now grown to $266,000 and over that period, very easy to work it out, it's just over two years, the portfolio has gained by 28 percent annualised. About half of that has come from the shares themselves and the other half of that has come from the depreciation of the Rand.

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