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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
The rand strengthened 1.86% from last Friday’s highs of R15.87 against the US dollar, on the run up to the S&P rates announcement today. The ECB’s Mario Draghi has kept stimulus unchanged for the moment, with corporate bond buying to commence next week, 8 June. Deposit rates stayed flat in the EU at -0.4% and refinancing rates remained unchanged at zero percent. Shinzo Abe of Japan, has announced that he will delay the sales tax hike until further notice, based on the back of China’s slowing economy as it could be detrimental to Japan’s borderline recessionary climate at present. Brent crude oil has now broken above the $50 mark for the first time in 8 months. Germany’s Angela Merkel warns Britain of potential political isolation from the European Union, should the Brexit go through.

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Quality of Nationality Index (QNI) | Cannon Asset Managers research



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