Northstar quarterly market reports
The Northstar Market Report provides powerful empirical evidence as to why we are confident that our investment philosophy and process, closely followed, will deliver market beating returns for our clients over time. This work again points to controllable factors - markets move wildly, falling in and out of love with different sectors and companies, but we have a defined formula that works and we stick to our guns by only owning quality companies when they are incorrectly valued by other investors. We discuss stocks in this report, delving into our investment cases for specific securities which we own.
CURRENT QUARTERLY REPORT
2020 – Quarter 2
THE BIG PICTURE
South Africa – long-term investment destination or trading opportunity?
In this article we explore whether serious investors should consider South Africa and the JSE a viable long-term investment destination or a less palatable market designated for trading based on how cheap or expensive it is.
FROM THE ANALYSTS: FIXED INCOME
South Africa sovereign debt downgrade – risks and opportunities for fixed income investors
The Moody’s downgrade and Covid-19 pandemic have created significant uncertainty in the markets. But for those with a longer time horizon, a good investment plan and the ability to look through the short-term volatility, there are still plenty of opportunities to earn a good return from fixed income.
FROM THE ANALYSTS: EQUITIES
Goldman Sachs – leveraging the franchise
When Goldman Sachs announced a new strategic direction and ambitious three-year targets, Northstar took a closer look at the fundamentals underlying the business. What we found prompted us to invest in the Group, even though we typically do not invest in banks.
FROM THE ANALYSTS: EQUITIES
Why we like MultiChoice
MultiChoice’s strong fundamentals are not fully reflected in its market rating, we believe this is due to poor performance outside South Africa combined with the threat of streaming services. Northstar believes the company is on track to turn around underperforming units and is well-positioned to defend against streaming services in the medium term.
STAFF MEMBER PROFILE
Staff member profile – Sarah Henderson (Institutional Client Services)
When did your interest in financial markets start?
I have always had a keen interest in finance and spent a large part of my career working in the leverage and acquisition finance area of an investment bank. My interest in investing sparked after university when I opened an online share trading account, and one poor investment made me realise that investing was complex. This grew a desire to learn how financial markets worked and how to make sound, deliberate investment decisions.
Northstar fund range
This is a snapshot of the Northstar fund range in a comparative tabular format.
QUARTERLY REPORTS ARCHIVE
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