Finweek English Edition - - COMPANIES & INVESTMENTS -

While val­u­a­tions on our lo­cal ex­change do look stretched, mis­pric­ings con­tinue to present them­selves. Th­ese, how­ever, might be ‘fur­ther down the food chain’. The fund is still com­fort­ably small enough at this stage (R58m) to ma­noeu­vre with­out its size count­ing against it. While the track record of the fund is still new, the stock-pick­ing skills of Ash­ton and An­chor Cap­i­tal founder Peter Armitage are not. The fund will aug­ment its hold­ings in qual­ity large­cap coun­ters with ex­po­sure to smaller, faster­grow­ing/un­der­val­ued com­pa­nies. Be­sides the stock-pick­ing skills of the man­ager, the abil­ity to find un­usual op­por­tu­ni­ties is one of the main rea­sons to con­sider buy­ing this fund.

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