Category Archives: "Letter to Investors"

In our June Letter to Investors we explore some key issues — including the delta Covid-19 variant, the outlook for rate rises, and the commodities cycle — that will help determine if the new financial year will be just as strong for markets as FY21.

In our May 2021 Letter to Investors we take a look at the better than expected economic recovery from COVID and ask whether a V-shaped rebound is making way for one more resembling a “Z” or “F”.

In our April 2021 Letter to Investors we review how equities moved sharply higher during the month, along with commodity prices, and ask will inflation be next?

In our March 2021 Letter to Investors we take a look at how equity markets are currently digesting higher bond yields and how corporate earnings will now likely be relied upon to drive the next leg of market growth.

In our February 2021 Letter to Investors we take a look into recent bond market volatility and what it might mean for equity market leadership.

In our January 2021 Letter to Investors we review some bubbly pockets of investment markets and what we do to protect against market pull backs.

In our December 2020 Letter to Investors we take a look at what 2021 might have in store for investors as the vaccine rollout confronts new, more virulent forms of the virus.

In our November 2020 Letter to Investors we review what drove markets in an historic month for sector and style rotation and touch on how we have been positioning the Ophir Funds.

In our October 2020 Letter to Investors we review how we have been positioning our portfolios in light of the US election result and better than expected vaccine news.

In our September 2020 Letter to Investors we review how not overpaying for earnings growth in our Funds provides protection no matter which style of investing is in vogue.