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 3
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THE BIG PICTURE
Sustainability – a key component of our fundamental investment framework
Northstar’s fundamental analysis has always considered sustainability in its broadest sense as an integral component in our valuations. We discuss the trends driving socially responsible investing, unpack the different approaches and explain why we believe our method best serves investors in our funds.
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FROM THE ANALYSTS
Asset allocation views – Northstar SCI Managed Fund
We unpack the thinking behind our asset allocation in the context of the strong run in equity markets since the collapse early in 2020. Despite these gains, the Northstar SCI Managed Fund has its highest exposure to equity in nearly ten years.
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FROM THE ANALYSTS
Hiding in plain sight
Underappreciated but valuable assets can be found hiding in some of the most well-known and widely-followed companies. We take a look at four recent examples where significant value was unlocked once the broader market caught on to the opportunity, and two potential opportunities we are currently working on.
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FROM THE ANALYSTS
Focus on the goal
Investors that focus on absolute performance without considering risk-adjusted returns are missing a big part of the puzzle that could cost them dearly. A strong understanding of the underlying dynamics driving returns is imperative to choosing the correct fund. The Northstar SCI Income Fund has delivered top quartile risk-adjusted returns with high liquidity and low volatility, and recently started adding gold to the portfolio. This article explains why.
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STAFF MEMBER PROFILE
Staff member profile – Sebastian Holzbach (Analyst)
When did your interest in financial markets start?
My interest in financial markets started in grade 8, when my Economics class partook in the JSE Challenge. Each student created a demo portfolio and received a fictional amount of capital with which to trade with over the course of the year. The Global Financial Crisis was still fresh in the minds of market participants with adverse impacts lingering. Therefore, it was an intriguing time to get sucked into the investing world. -
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.