The race for the US Presidential election on November 5 is heating up, but business activity is essentially frozen given the uncertain outcome and the vastly different programs of the two candidates. With stability forming an integral pillar of our investment philosophy, we do...

Executive Summary As autumn approached, we saw increased volatility on capital markets. Bad days were swiftly followed by significant rallies, and like the leaves currently on the trees, we had a varying mix of red, green, and amber on our screens. For the month of...

August brought sky gazers a rare blue supermoon; the next won’t occur until 2037. It also brought what will hopefully prove to be a once-in-a-blue-moon market selloff, amid a perfect storm of catalysts. But while the skies darkened over markets, it became increasingly clear that...

Based on the Committee of 15th July 2024   Over the past few weeks, two important developments have played out for investors. Firstly, US inflation was shown to have declined for a third consecutive month in June. The headline print came in below expectations at...

Despite tight monetary conditions, the global economy held up remarkably well throughout the first half of 2024. From this point on, it appears to be regaining momentum and the onset of policy easing might provide an additional boost. Up to now, decent earnings growth and...