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.

A quiet start to the week with the world waiting on the Fed to provide some form of hint on what they intend to do with rate hikes going forward. The Fed are however still split over the timing of interest rate hikes. The rand has still held on resiliently at levels of between R13.20- R13.40 for the past week. If anything, the local coalition announcements may have an effect on the rand in the near term. U.K released stronger than expected Retail Sales, up 1.4% in July vs consensus of 0.2%. Israel released better than expected GDP numbers for Q2 at 3.7%. Private consumption also sky-rocketed 9.5% in Israel’s second quarter.

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The Largest Companies by Market Cap over the Last 15 Years | Cannon Asset Managers research

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