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 4
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THE BIG PICTURE
Global debt – the elephant in the room
There are no free lunches in financial markets. We analyse more recent debt cycles against the current one and unpack some of the indicators to look out for, together with lessons learnt.
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FROM THE ANALYSTS
Rotation to value – is it sustainable?
Recent developments have provided a breakout opportunity for Value stocks from a point of extreme multi-decade underperformance against Growth. In this article, we analyse the reasons for this underperformance, explain why we are sympathetic to some of the arguments made against traditional measures of Value and reveal how Northstar portfolios are positioned in response.
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FROM THE ANALYSTS
Hidden gems
While exposure to South Africa’s beleaguered economy now seems something of a curse, local companies with business segments that are able to realise growth in new markets can still do well. We analyse two examples of these hidden gems to tease out their potential and explain how the value that could be unlocked will benefit Northstar investors.
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STAFF MEMBER PROFILE
Staff member profile – Andreas Procopos (Fund Controller)
When did your interest in financial markets start?
My interest in financial markets was catalysed by my relationship with my grandfather, which was to a large extent orientated around his fascination of the subject. I elected to study a BCom in Investment Management to appreciate the theoretical and practical components of the markets, and in so doing, I developed my own fascination with them. -
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.