With the NSX/JSE Dual Listed counters as the investment universe, our rankings of most to least preferred stocks are as follows:
The benchmark index is market cap weighted, capped with a maximum weighting of 10% per share. With this in mind and considering our most to least preferred list, our recommended portfolio looks as follows. Our biggest active positions are Shoprite (Underweight), Truworths (Underweight), FirstRand (Overweight) and Sanlam (Overweight).
Recent returns are as follows:
Over the longer run our returns and alphas are as follows:
