Direct Investor | Financial Adviser | Institutional Investor

SA

UK

Global

There’s more to the global stock indices than meets the eye

In The Press / By / November 17, 2020

Written by: Cornelius Zeeman, Portfolio Manager at Fairtree Asset Management.
12 June 2020

Valuations are relative

As a result of the S&P 500’s recovery of 42.7% from its lows leaving it -0.3% year-to-date, there are many articles out there flagging that the US market is trading at lofty valuations when looking at its price earnings (P/E) ratio. The Price/Earnings graph (Graph 1) below shows that the S&P 500 (blue line) is trading on a forward PE of 22.5x, which last happened in 2000. It is also trading at a record premium (grey area) of 57% versus Emerging Markets (orange line), trading on a more palatable 14.3x.

Continue Reading

Fairtree © 2021. All rights reserved. Disclaimer | PAIA Manual | Privacy Notice

The Fairtree group consists of the following regulated entities: 1) Fairtree Asset Management (Pty) Ltd (South Africa, license no. 25917); 2) Fairtree Capital Hospitality (Pty) Ltd (South Africa, license no. 46033); 3) Fairtree Asset Management LLP (United Kingdom, license no. 826211); 4) Fairtree Capital International IC Ltd (Guernsey, license no. 2293281); 5) Fairtree Private Client (Pty) Ltd is an Authorised Financial Services Provider. (FSP 12179)

Contact Us

Tel: +27 21 943 3760
Client Service: +27 861 76 0760
Guernsey: +44 1481 704
Email: clientservices@fairtree.com

Linkedin Twitter
Newsletter Sign-up

    Invest Now

    To start a New Investment is a three step process. We will guide you along each step.
    Because with us, it is all about the journey.

    This is an Individual Investor Online Application Process.

    **Please Note:
    Our Minimums are R1,000,000 for initial lump sum investments.

    STEP 1:
    Please provide us with your Name, Surname, Cell Phone Number and Email Address. A Fairtree consultant will contact you to discuss your interest in this investment. After this, we will send an email to you containing a link to our secured Online Application process. We make use of OTP (One-Time-Pin) technology for your verification security (This is why we require a valid cell phone number).

    If this step is unclear kindly email us on clientservices@fairtreeinvest.com and we will assist you

    Start Step 1

    Invest Now

    We will guide you along the investment process.
    Because with us, it is all about the journey.

    This is an Individual Investor Online Application Process.

    **Please Note:
    Our Minimums are R50,000 for initial lump sum investments.


    STEP 1:
    Please provide us with your Name, Surname, Cell Phone Number and Email Address. . A Fairtree consultant will contact you to discuss your interest in this fund. After this, we will send an email to you containing a link to our secured Online Application process. We make use of OTP (One-Time-Pin) technology for your verification security (This is why we require a valid cell phone number).

    If this step is unclear kindly email us on clientservices@fairtreeinvest.com and we will assist you.

    Start Step 1

    Invest Now

    To start a New Investment is a three step process. We will guide you along each step.
    Because with us, it is all about the journey.

    This is an Individual Investor Online Application Process.

    **Please Note:
    Our Minimums are R50,000 for initial lump sum investments and R1,000 for debit orders.

    STEP 1:
    Please provide us with your Name, Surname, Cell Phone Number and Email Address. A Fairtree consultant will contact you to discuss your interest in this investment. After this, we will send an email to you containing a link to our secured Online Application process. We make use of OTP (One-Time-Pin) technology for your verification security (This is why we require a valid cell phone number).

    STEP 2:
    Once you receive your email with a link to our secured Online Application process, click on the link. The template is set up to guide you through completing the