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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 Bank of Japan indicated that they would keep their interest rates at -0.1% for the foreseeable future, stating that they will rather pursue alternative means of stimulus and will target zero percent on their 10-year government bond. The US Federal Reserve also kept their interest rates flat at 0.5%, citing that the relatively robust economic data seen coming out of the US wouldn’t justify a hike in September. All eyes on December. Gold rallied on the back of the Fed’s announcement as the ‘risk-on’ mind set was ignited yet again, while the South African rand also had a stronger week against the US dollar pulling back to as low as R13.40. Bain Capital has taken a step away from the Edcon revival, selling off their stake.

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Upward Mobility: North America | Cannon Asset Managers research



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