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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.

The All Share Index (ALSI) delivered a 10.9% total return for the year, slightly higher than the 10.2% delivered by the bond index (ALBI). Whilst the equity index performance was below the long-term average of 18% p.a. over the last decade, this stemmed from sharply divergent returns within the sectors rather than from the delivery of below-average performance across the sectors. Financials and industrials returned an impressive 27.8% and 17.2%, respectively. By contrast, resources fell 15.0% for the year, which weighed heavily on the overall market return.

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