Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios. This is an excerpt from the January 2021 TAMIM Fund: Australia All Cap monthly report, you can access the full report here.
This week we look at the automotive market and the current buoyant conditions we are seeing due to a combination of cashed up consumers, increased use of private transport due to Covid and domestic holidaying resulting from border closures. We have also seen national new vehicle sales up 11% in January, sustaining double digit growth since November 2020.
This week I write about a favourite topic and one that I believe will fundamentally drive investment markets over the next decade. We’ve all seen the headlines around electric vehicles, rare-earths and commodities heading higher more broadly, some of us have seen ourselves get a little ‘richer’ as a result. But let me delve a little deeper, why I’m personally invested and where I see this market heading.
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.