An investment or purchase of poorer quality than you were led to believe is frequently referred to as “buying a lemon”.
Copper has long been referred to as Dr Copper as the price of this conductive, versatile metal provides a good barometer of the health of the global economy given its myriad of end use applications.
While Emerging Market players share similar characteristics and in aggregate should benefit from the cutting cycle, however local idiosyncratic challenges mean risks will differ across each region, building the case for diversification.
Japan is emerging from two decades of deflation following collapsing asset prices off the 80’s asset bubble. In 2024, many Japanese companies are trading at significant low price to book relative to other geographies.
As we navigate global and local risks, its important to keep a spotlight on investment opportunities.
In 2021 as the world adjusted to a post-pandemic environment, the global narrative of transitory inflation shifted to persistent with Central Banks motivating “higher-for-longer” rates given the stubborn resilience of inflation globally.
Truffle Asset Management was founded in April 2008 by Louis van der Merwe and Hannes van der Westhuyzen. The business has successfully grown its capabilities, client base and assets under management over the past 15 years.
Investors in search of real yields over the last decade had a significantly simpler decision when choosing to invest between Developed Market (DM) and Emerging Market (EM) fixed income assets.