Market Commentary

Quarterly Telescope Q3 2020

Welcome to our latest QUARTERLY TELESCOPE. We hope these quarterlies provide you with greater insight into our thoughts on global assets as well as how your global assets are being managed. In this quarter’s Telescope, Kyle Wales discusses how our portfolios navigated the third quarter, as well as how the funds are currently positioned. Pieter … Continued

Why business confidence may be the only economic indicator that matters

By Kyle Wales As published by Sanlam Glacier on July 24, 2020 South Africans will not be surprised by the poor returns that South African assets have returned over the past decade. The stock market and the property market, bastions of the local savings and investment industry, tell the sombre story. The level of the … Continued

Recognising 100-baggers is a crowning achievement for any investor

By Kyle Wales As published by on 30 August, 2020 I recently listened to a conference call by an investment manager I hold in high regard. His investment style can be best described as “high quality”. This is in contrast to the traditional “value” manager who searches for unloved stocks which the market has … Continued