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
2022 – Quarter 4
THE BIG PICTURE
Property – a ticking time bomb?
Property engenders much emotion, we look at whether or not it is potentially over-valued and how endemic this is globally.
FROM THE ANALYSTS
How important is SA growth to local equity’s investment case?
As tighter monetary conditions continue to have a significant impact on global equity prices and valuations, it has become common occurrence to read investment articles discussing how cheap SA equities are and the opportunity they present to investors. While this argument tends to receive a fair amount of support, particularly from local bottom-up investment managers, it is often met with a high level of skepticism by various capital allocators across the industry. They struggle to reconcile this asset class’s potential, in light of South Africa’s grim medium-term outlook. In this article we try to make sense of these polarised views, provide some historical context and present an outlook for SA equities.
STAFF MEMBER PROFILE
Staff member profile – Meron Sletzion (Analyst)
When did your interest in financial markets start?
I grew up in five different countries and travelled extensively over the period. During this time, I was exposed to different economies and learnt to appreciate the extent of globalisation, and interconnectedness of markets from a young age. Over the years, this combined with my analytical mindset fostered an interest in financial markets. I decided to advance this interest in my undergraduate and honors degrees.
QUARTERLY REPORTS ARCHIVE
Browse all our quarterly reports available by selecting the period from the dropdowns using year and date.