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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
Global markets rallied on Tuesday after US consumer confidence figures were the only positive confidence figures coming out of world markets, as French, Italian and German sentiment turned bearish. Hilary Clinton seems to have the upper hand after the first presidential debate against Donald Trump. It’s funny how this result also fuelled the market rally on Tuesday. OPEC have announced a slight downward curb in oil production, which shot oil prices through the roof over the last two days (over 6%), bringing about a psychological demand for the natural energy resource. After having an amazingly robust week or two, the South African rand slid from R13.40 to around R13.90 against the US dollar off the back of stronger American markets.

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UBS Global Real Estate Bubble Index | Cannon Asset Managers research



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