Quarterly Letter: Q4 2020

– Christopher Demasi

The coronavirus pandemic ushered in enormous change to the way we live, work, and entertain ourselves. Entirely new behaviours and practices became commonplace and trends that had already been set in motion were accelerated. Large marketplaces expanded and winning businesses were cemented.

This change has created enormous opportunity to invest meaningfully in advantaged digital winners with predictable and growing revenues and profits. We have also found wonderful opportunities across other sectors of the economy, like the payment network giants and large alternative asset managers, and over the next decade probabilities are favourable for them to compound shareholder value strongly.

Now as 2021 begins we believe conditions are favourable for equities broadly, recent record stock market levels and violent political confrontations in the US notwithstanding.

Christopher Demasi is the Portfolio Manager at Montaka Global Investments. To learn more about Montaka, please call +612 7202 0100.