Over the last financial year Cadence has been investing ‘with the trend’ rather than against it. We have invested further into global equities and into ASX listed offshore earners and avoided (or shorted) resource stocks. Overseas investments currently account for 59% of the portfolio and have delivered four times the returns of domestic investments. Currency contributed to 1.3% to overall fund performance.
Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.
The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.
Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.