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 Peoples’ Bank of China’s decision to lower the Yuan's reference point against the dollar to the lowest point since March 2011 caused a large sell off on the JSE Thursday morning, closing 2.10 percent lower and is down 5.2 percent year to date. The Rand dropped to a low of R16.20 to the US dollar causing all major SA banks to trade more than 4% lower. Concerns about the world’s second largest economy caused the emerging markets’ first week of 2016 to end in the red.

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Hot Money | Cannon Asset Managers research

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