As the need for capital preservation and cautious portfolio positioning becomes more apparent, Head of Business Development at Foord Asset Management, Nick Curtin, unpacks the strategic stance Foord’s portfolio managers have adopted given the prevailing high-risk low-return environment.
Tag - Foord Asset Management
South Africans are all asking where the rand is going ‒ a valid question given that investors wish to preserve and grow their investments in rand and dollar terms.
Capital preservation (ie, avoiding losses) is as important to building a superior, long-term track record as picking winning investments.
The term “crystal-ball investing” appropriately invokes images of smoke and mirrors, charlatanism and faux clairvoyance. None of these has any place in investment practice.
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...
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...