Tag - Foord Asset Management

What determines the short-term direction of equity markets?

Until very recently, global equity markets have been on a steady upward trajectory. Market indices, from America’s S&P 500 to the local FTSE/JSE All Share Index, reached all-time highs. Correlations between equity markets globally, as well as correlations between different asset classes like equities and bonds or commodities, have been high...

The retail bet pays off for investors

A significant valuation gap has emerged in equities between consumer and retail sectors and resources which, according to Alexander Forbes’s Global Large Manager Watch, has resulted in divergences in returns between fund managers of over 10% in the last year – a spread that has been steadily growing over the last couple of months. The...