DID YOU KNOW? 150 000 AND COUNTING

Foreword | Issue 65 | 1st Quarter 2023

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MARKETS IN A NUTSHELL - MARCH 2023

“Beware the ides of March,” said the soothsayer in Shakespeare’s Julius Caesar. Caesar would have done well to heed this warning: he was assassinated soon after in mid-March of 44 BCE. The ides of March 2023 deserved its own omen as the “no-landing” sentiment prevailing at the end of February gave way to no less than three US bank failures and the emergency rescue of Swiss banking icon, Credit Suisse.

MARKETS IN A NUTSHELL - MARCH 2023

In our monthly podcast, ‘Markets in a Nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

MARKETS IN A NUTSHELL - FEBRUARY 2023

In early February, the US Federal Reserve announced its eighth interest rate hike this cycle. The smaller 25bps increase takes the federal funds rate to 4.75%. With headline inflation slowing, investors were quick to cheer an imminent peak of the interest rate cycle. There was early speculation that the Fed might after all pull off a soft economic landing — or even a fairy tale ‘no landing’.

MARKETS IN A NUTSHELL - FEBRUARY 2023

‘Markets in a nutshell’ is Foord Asset Management’s monthly overview of market movements.

Exploiting the Disconnect - Foord’s China Experience

Portfolio Managers, Brian Arcese and J.C Xue discuss Foord's market-contrarian position on China and how this has panned out well in recent months. We believe there is a feasible runway ahead for additional returns.

4 Economic Risks for 2023

It is imperative to consider macro economics and the potential risks we face as investors. In this video, Linda Eedes highlights four economic risks we are concerned about for 2023.

Challenges and Opportunities in a Low Growth Environment

In this video Linda Eedes and Mike Townshend unpack the South African economic landscape in order to understand where we are finding opportunities within the local market and the challenges we face from an economic perspective.