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MONTHLY INSIGHTS
(31/08/2015)
 
The Fairtree Monthly Market Insights provide our clients with a brief summary of the diverse and affluent range of solutions we offer. “Insights” outlines performance attribution characteristics, accompanied by monthly analysed risk-return metrics’ on their portfolios.  Please click here to download the latest Monthly Market Insights.
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REQUEST A FUND FACT SHEET

Want to know more about our funds or model portfolios?  Just name the fund and click here to request a fund fact sheet.
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VISIT OUR PREMISES

In response to continuous growth, our office space expanded a few months ago. We are still situated at Willowbridge Place but Fairtree Capital clients will now use our new entrance next to FNB on the podium level (third floor).  Please note that Fairtree Private Client & Fairtree Invest clients will still use our old entrance. 
 
"FEAR AND GREED"


Author: Hannes van den Berg
 
It was Warren Buffet who said: “Be fearful when others are greedy and greedy when others are fearful...”

I walked to work last week after dropping off my wife’s vehicle for a routine service at the dealer very close to our office. I enjoyed the short two kilometre walk, as it gave me the opportunity to feel the morning air, hear the buzz of our town and experience “Main Street” on my way to “Wall Street”.

I noticed a few homeless people who had spent the night sleeping on flattened cartons boxes, underneath some more boxes where they tried to set up bedding and shelter for themselves. They were sleeping literally next to and against the wall of a residential security complex. This gave me instant perspective on the little sleep I had that night (having a one-month-old baby at home), because I still had a soft mattress and warm room for the night. Likewise, the people inside the security complex were “in” – warm and secure – while the people outside slept… well “out”.

A few days later I enjoyed a lunchtime run to get some much needed exercise, when I once more encountered some homeless people under a bridge. This time one of them waved and cheered:  “Go boss, run fast, enjoy…” and smiled handsomely. Interesting enthusiasm, I thought, from a guy who was obviously in a tough space of life.

All of this made me think about the financial markets, about life and how we deal with all of it. Read more
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THE STEINHOFF STORY
 

Author: Karen Lamont
 
In an increasingly volatile market, with uncertainty of growth and macro-economic developments both locally and globally, it becomes crucial for us at Fairtree to choose quality companies which we believe will continue to deliver sustainable growth for our clients over the longer term.

Our investment philosophy focuses on investing in companies that maximise the total return to its shareholders, through three key components: 
  • the growth and sustainability of the company’s earnings
  • the dividends that we receive as shareholders
  • the potential market valuation upside of the company.
A company which we believe screens favourably on these three aspects is Steinhoff International Holdings.  Read more
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MONTHLY MARKET OVERVIEW
 

Author: Hennie Bezuidenhout
 
EXECUTIVE SUMMARY:
  • Accommodative monetary policy persists as the US Federal Open Market Committee (FOMC) keeps the benchmark target rate unchanged and South Africa’s Reserve Bank follows suit.
  • South African rand reaches all time low against US dollar amid concerns of domestic growth.
  • China’s Caixin Manufacturing PMI points to further slowdown in growth.  Read more
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