Published Oct 22, 2019
• Another Brexit saga but the UK Prime Minister may still push it through • Sterling may initially sell-off but traders fear the upside as much as the downside • Latin America sees trouble in Chile and Ecuador, but Brazil and Mexico retain positive bias • IMF cuts GDP forecasts and ups its research on…
Read MorePublished Oct 14, 2019
“We want to elevate the world’s consciousness” – Adam Neumann, WeWork Summary Being an equity investor is akin to being the ‘house’ in Vegas. The house eventually wins. We maintain a positive view on equities, neutral on gold, and underweight duration on bonds. The House Always Wins…. It’s almost become fashionable to be pessimistic these…
Read MorePublished Oct 4, 2019
The Key to an Economic Recovery The Reserve Bank of India today decided to reduce the policy repo rate to 5.15% from 5.40% with five members voting in favour of a 25bps cut and one member voting in favour of a 40bps cut. The MPC decided to keep the monetary policy stance unchanged at “accommodative”…
Read MorePublished Oct 1, 2019
Sanctum PMS Performance Quarterly “Even the intelligent investor is likely to need considerable will power to keep from following the crowd.” – Benjamin Graham Summary The Nifty is up 5.6% year to date and down 2.7% quarter to date. Our large cap fund Olympians delivered +18.1% YTD, while our multi cap fund Titans delivered +14.0%…
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