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Sanctum PMS Performance Quarterly

Jan 13, 2020

1:37 pm

“The process of intelligently building a portfolio consists of buying the best investments, making room for them by selling lesser ones, and staying clear of the worst.” – Howard Marks Summary The Nifty 50 delivered a 12.0% return in 2019, while the NSE 100 and NSE 200 delivered 10.4% and 8.7% respectively. Meanwhile, the Midcap…

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Out of Control

Jan 6, 2020

11:31 am

• President Trump’s unprecedented intervention raises the stakes massively with Iran • The President has gambled with the world’s well being • A spike in oil prices raises the risk of higher inflation and lower global growth • Gold is the obvious winner • Massive Australian bush fires highlights again the substantial risks from climate…

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UK election – Finally Some Certainty

Dec 13, 2019

10:55 am

• The Conservative Party on track for a significant majority. • The Labour party’s prevarication on Brexit and somewhat extreme socialist policies fail to impress • Sterling rebounds smartly and may be on track to $1.40 • UK equities, particularly those focused on domestic growth have room for upside after perennial underperformance • Next up…

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Quarterly Asset Allocation Pairs Update

Dec 9, 2019

12:44 pm

Our quarterly asset pairs methodology is a key input into the formation of our investment strategy forecast and provides insights into relative attractiveness between asset pairs, and preferences within asset classes. Equities Vs. Bonds Valuations Remain Expensive While Relative Valuation Remains at Neutral Equity markets have delivered strong returns over the past few months. As…

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