Market Commentary

Quarterly Telescope Q2 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 funds are being managed. In this quarter’s Telescope, Pieter Hundersmarck discusses how our portfolios are currently positioned, our asset allocation, as well as our thoughts on the ‘optically cheap’ South African stock market. Finally, we discuss the investment case for Zalando, the leading online apparel retailer in Europe.

Please click on the following link to download the PDF document.