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Cannon Asset Managers is a licensed asset management business based in South Africa that manages domestic assets as well as global investment portfolios. Since our formation we have successfully applied the philosophy and principles of value investing, an investment management approach that consistently has demonstrated a clear advantage over other philosophies.  Consequently, over the years Cannon Asset Managers has developed a reputation for successfully delivering portfolio results to our clients who include companies, pension funds, insurance companies, trusts, high net worth individuals and retail investors.

Highlights
South Africa’s producer inflation slowed to 6.9% year on year in September from 7.2% in August as lower global oil and food prices helped ease some of the burden on consumers.
The Fed ended its third round of quantitative easing after starting to taper monthly asset-purchase amounts in December. The U.S. central bank maintains its commitment to keep interest rates low “for a considerable time”. Less expected by the markets was the
Fed’s expression of confidence in the US recovery, despite global growth concerns. This confidence was reaffirmed by the U.S. third quarter GDP figures, as the economy grew at an annualised rate of 3.5%.
Some economists said growth numbers had a misleading shine as the economy was boosted by two surprise factors — a 16% spike in national defence expenditure and a shrinking trade deficit.


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