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George Tsinonis discusses what African equity benchmarks can miss

Nine Yards, a South African business and thought-leadership platform, featured an article by George Tsinonis, Head of Investment Analytics, examining why headline index returns can provide an incomplete picture of African equity markets. 

He explains that benchmark outcomes can be shaped by factors such as currency accessibility, liquidity and market access, which influence the returns investors can realistically achieve. The article explores how the RisCura Africa RealView Index incorporates these practical market conditions to provide a more representative view of African equity performance. 

For institutional investors and asset owners, this can provide a more realistic basis for assessing performance and understanding how benchmark choice affects the picture they see. 

Featured on Nine Yards. 

Author

  • RisCura is a global financial services firm with more than $200 billion in assets under advice and reporting. We partner with institutional investors across emerging markets, bringing specialist investment management, advisory, and analytical expertise to help clients make informed, long-term investment decisions.

    Guided by our “Invest with Care” philosophy, we recognise that investment decisions are not only about money and numbers, but about the people and futures they affect. Through tailored solutions, deep research, and a client-centric approach, RisCura helps investors navigate complexity, manage risk, and create lasting value for their beneficiaries.

    RisCura is known for its focus on liability-driven investing, responsible investment practices, investment transparency, reliable valuations, independent risk assessments, performance standards, and long-term investment outcomes.

    Our capabilities span investment advisory, investment management, investment analytics, institutional platform services, and alternative investment services. Across these areas, we combine consistent methodology and proprietary tools with deep local insight, recognising that each market is unique while responsible investing remains universal.