A buy and hold
strategy doesn't work.
At the time of the market crash on
Monday August 24, Winston Floquet
was returning home from watching
the mountain gorillas in the Virunga
National Park, Rwanda.
Even if he had been in the office, its
unlikely that he would have made
major changes to the multi-asset
flexible funds that he manages, the
Flagship IP Worldwide Flexible Fund
and the Worldwide Flexible Fund
of Funds.
Neville Chester, who manages
Market Plus, Coronation’s
worldwide multi-asset flexible fund
with Pallavi Ambekar, was in the
office in Cape Town at the time. But
he too, did not over-react to the
chaos in the market.
Profile-pic-1“We are a fundamental
house, and as far as we ca