Not logged in
  
 
Home
 
 Marriott's Living Annuity Portfolios 
 Create
Portfolio
 
 View
Funds
 
 Compare
Funds
 
 Rank
Funds
 
Login
E-mail     Print
Global Marathon IP Fund  |  Global-Multi Asset-Flexible
32.9927    +0.0191    (+0.058%)
NAV price (ZAR) Tue 19 Nov 2024 (change prev day)


Global Marathon IP comment - Mar 17 - Fund Manager Comment26 Jun 2017
Your fund has enjoyed a strong start to 2017. During the first quarter, a number of technology stocks surged ahead with returns in excess of 20% in dollar terms. NetEase, Adobe Systems, Facebook, Apple and Amazon all delivered strong returns. Part of the reason for this is that this segment of the market continues to enjoy strong earnings growth with companies such as Adobe and Amazon rolling out new products and developing new revenue streams on an ongoing basis. On the negative side, Bristol-Myers lost 15% as their flagship product failed to excite the market. Overall economic data in the US and Europe improved during the quarter as did data ex China. But the incumbent US President is not having things all his own way. Understandably, the US equity market lost a little momentum as a result as did the dollar. Having enjoyed solid gains since inception of the fund, we raised cash a little as a short-term risk management position.
Archive Year
2022 2021 |  2020 |  2019 2018 2017 2016 |  2015