Markets hit a gut-wrenching air pocket early in the month

August 2024

Markets hit a gut-wrenching air pocket early in the month, again raising the question of a change of regime. This only makes Kennox more confident that value holdings have a place in every investor’s portfolio, diversified as they are from the major drivers of the markets in the last decade, still significantly under-owned, and, importantly, appear to be delivering on the fundamentals such as earnings and dividend growth.

Rob Arnott shares our enthusiasm in his FT article, pointing out the attractive relative valuations, how the strong fundamentals have been overlooked, and the favourable market backdrop. You can read the article here.

Finally, we are also pleased to attach the latest fund factsheet.