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 3
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THE BIG PICTURE
Is South Africa approaching a fiscal cliff?
In this article, we unpack what a debt default is, what it looks like, whether or not it can be alleviated and then provide our view of the South African Government’s willingness to change the current trajectory.
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FROM THE ANALYSTS: EQUITIES
Themes that have shaped fund manager returns over the past three years
SA balanced funds have seen considerable divergence in performance as asset class returns have been unusually disparate and volatile. Three main themes stand out and explain these market dynamics. Northstar’s participation in two of the three themes helped the Northstar SCI* Managed Fund to deliver returns ahead of its benchmark, at well managed risk levels.
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FROM THE ANALYSTS: EQUITIES
Brand decay in Tiger Brands
In this article we explore the trajectory of brand decay at Tiger Brands, how other companies have managed to buck this global trend and lastly, whether there is any hope now for the once-mighty Tiger Brands.
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FROM THE ANALYSTS: EQUITIES
TransDigm – a diamond in the rough
At Northstar, we look for quality businesses and invest in their shares when they are trading at levels that show good value. One of the characteristics we look for in these businesses is a strong and durable competitive advantage that can be defended. In this article, we unpack why, despite its position in a cyclical industry, TransDigm is able to generate consistent and robust returns on capital, one of the key indicators of a quality business.
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STAFF MEMBER PROFILE
Staff member profile – Gugu Mgutshini (Client Service Administration)
When did your interest in financial markets start?
I have always been slightly intimidated by the complexity and unpredictable nature of financial markets, which is exactly what makes them so intriguing. There are so many factors to consider and very few things can occur without consequence.
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Fund Information
Northstar fund range
This is a snapshot of the Northstar fund range in a tabular comparative format.
QUARTERLY REPORTS ARCHIVE
Browse all our quarterly reports available by selecting the period from the dropdowns using year and date.