Global (excl USA) - Institutional
Press Releases
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International outlook May 2013
01 April 2013 - Tony GibsonPerformance was generally very positive from developed market risk assets for the first quarter of 2013. The Nikkei (up 20.1% in yen) spearheaded the total return performance charts on the back of Japan’s rhetoric on inflation targeting and monetary policy. Other core developed equity markets also performed well, with the S&P 500 Index, FTSE 100 Index and the DAX Index up 10...
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The blurring of the line between emerging and developed markets
01 April 2013 - Suhail SulemanOur process often leads us towards consumer-focused companies as they typically have most of the qualities we look for in our investments. These include high barriers to entry, strong branding, stable margins, low capital intensity, high cash generation and little risk of falling prey to technological obsolescence. With this in mind, we...
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Emerging markets May 2013
01 April 2013 - Suhail SulemanIn 2012 emerging markets returned close to 19%, after a torrid 2011. Within emerging markets, however, most consumer businesses returned far in excess of the benchmark, particularly those with very dominant positions in their home markets. In the six years that Coronation has been researching and valuing emerging market companies, we have compiled a shortlist of what we believe to...
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International outlook (commentary for the fourth quarter of 2012)
01 February 2013 - Tony GibsonInvestors in the fund that won the award for the top-performing prudential fund had their cake and got to eat it too over the past five years the fund's manager says. The Coronation Balance Defensive Fund is a low-risk fund despite keeping its investments in riskier assets to below 40 percent of the fund, the fund returned the best returns for the lowest risk among its many peers in the asset...
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Coronation named Best Africa Fund Manager 2012
10 October 2012 - Coronation InsightsCoronation Fund Managers has once again been recognised as Best Africa Fund Manager at the prestigious annual Africa investor Index Series Awards. “Having been recognised in 3 out of the 4 years since our funds launched is testament to the success of our investment philosophy. This approach is designed to consistently deliver industry-leading risk adjusted returns,” says Coronation’s Africa...
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International outlook - 2012
01 October 2012 - Tony GibsonInternational outlook In the investing world, even doing nothing is doing something By Tony Gibson, senior portfolio manager October 2012 Global equity markets performed well over the quarter, with the MSCI World Index rising by 6.8%. In terms of news factors, on the negative side we were faced with the continued reduction in the outlook for Chinese economic growth and the sharp rise in the...
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Africa: Cry, the beloved country
01 October 2012 - Peter TownshendPrior to entering the world of finance, I spent almost a decade in the mining sector, working in a number of African countries. I learnt a great deal, had lots of fun and saw more than my fair share of remote places. Eventually the nomadic and spartan existence got too much for me and I made the change, but I retain many very happy memories of my time doing a real job. My fondest memories are of...