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
2021 – Quarter 2
THE BIG PICTURE
The right price?
We apply some simple, but far from fool-proof tools to assess whether investors might be overpaying for stocks, with the majority of our focus being the US.
FROM THE ANALYSTS
Is your fund manager taking enough risk?
Loss aversion and risk aversion are powerful cognitive biases that affect everyone, even professional fund managers. The returns delivered by global flexible funds over the last decade suggest that the experience of the Global Financial Crisis and a number of other complicating factors led to the average fund managers being too conservatively positioned. Northstar’s fundamental analysis process and emphasis on quality assets help to create asymmetric returns by enabling our portfolios to participate in most of the market’s upside, while avoiding large drawdowns, generating superior risk-adjusted performance.
FROM THE ANALYSTS
South African Industrials: COVID-19 dynamics further entrench competitive strengths
Domestically-focused South African industrial companies have lagged other sectors in the market over the last five years, despite signs of recovery in the last six months. In this article, we explain the reasons for this underperformance and why we believe certain quality industrial stocks are set to benefit from the dynamics arising from COVID-19.
STAFF MEMBER PROFILE
Staff member profile – Alex Holmes (Business Development Manager – North)
When did your interest in financial markets start?
My interest in financial markets prompted me to enter the financial services industry in 2015. Their appeal is their complexity, the result of numerous factors, largely outside of any particular individual’s/entities control.
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.