PSG Angles and Perspectives: Q1 2017

The quarterly publication of PSG Asset Management which contains regular communications from our fund managers and about our funds.

In this publication we communicate to our investors those thoughts and ideas we believe are important and valuable.

Introduction

We continue to find promising long-term opportunities in global and local markets. In our recent roadshow presentations, we emphasised the need to avoid black and white thinking, the importance of diversification, the value of cash, and the benefit of taking a longer-term view. ..... Read more

The goose that lays the golden eggs - opportunities in quality smaller companies

Finding the golden goose can save you a lot of time and effort (and disappointment). Contrarian value investing can be likened to sifting through a field of pebbles hoping to find that discarded nugget of gold. ..... Read more

Finding value and avoiding landmines in the corporate credit market

Investing in bonds can be as challenge for the prudent investor. If you hold a bond to maturity, the upside return is known and limited to the yield on the security. The downside can be multiples of the potential yield and, in a worst-case scenario, you could lose all your capital. ..... Read more

Being stewards of our clients' capital requires responsible marketing

Discounting emotion when making important decisions is not a natural human tendency. Many years ago, when stress management breakaways were popular, I attended a session that sparked a hot debate..... Read more

The PSG Balanced Fund: a robust home for pension savings

Where to save for retirement is just as important as how much to save. When you hand in your access card at the end of your last day of work, will you be thinking about all your travel opportunities or about pensioner specials? ..... Read more

Portfolio Holdings as at 31 March 2017

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Performance to 31 March 2017

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Unit trust summary

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PSG Angles and Perspectives: Q1 2017 (pdf)

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Archive of previous editions

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