THE SOUTH AFRICAN INDEX INVESTOR

“Greater rewards, lower costs”

TOOL BOX

Investment Philosophies, Theories and Practices (continued…)

 

Investment Opportunities in an Economic Cycle (continued…)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source:    Investopedia.com

Full Recession

Early Recession

Early Recovery

Late Recovery

Cyclicals

Transport

Industrials

Technology

Energy

Staples

Services

Utilities

Basic Materials