AWSM Fund’s Q2:17 Factsheet

Download the full factsheet here. Copied below is my narrative: Introduction: Honesty, Insight and Logic The AlphaWealth Prime Small & Mid Cap Fund (AWSM Fund) is -5.87% for the Q2:17. We are both managers of the Fund and investors in … Continue reading

Warning Signs: Retailers, Shopping Centres & Retail REITs (Part 2 of 2)

See ‘Part 1’ of this series here. There are three harmonious parts to a Real Estate Investment Trust (REIT): Income: These are predominantly rentals from tenant renting space from the REIT. The lower the vacancy rate and the faster rentals … Continue reading

Active vs Passive: The Current Narrative is Wrong

The current narrative of the “Active versus Passive” (AVP) debate is wrong. It has been cleverly dominated by the ETF providers and their salespeople to focus the consumer solely on costs. Coupled with a singular focus on costs, the ETF providers … Continue reading

Three Pointers for Small Cap Portfolios

I have previously spoken about why one should allocate at least a portion of your portfolio to small cap investments (Why Invest in Small Caps?). I have also considered some key aspects to look for in selecting these investments (Key Attributes of … Continue reading

The Real Cost of Out-performance

African Bank (ABIL) is no more and everyone is writing articles either celebrating how they saw this coming or lambasting the fund managers that were invested in the bank and/or its debt. Both miss the point. The first type is the classic … Continue reading