Kernow Asset Management tear sheet for the month ended August 31, 2024.
The strategy delivered 2.3% in August as global markets took fright.
The MAG 7 wobbled. Japan experienced its steepest one-day stock market drop since Black Monday in 1987. It plummeted 12% in a single session. The VIX fear gauge spiked from 12 to 65. This was its highest level since the COVID-19 pandemic. Yet, within a week, global markets were back to normal. Serenity as if nothing had happened. Such is the fascinating nature of markets.
During this panic, we took the opportunity to increase our position in CMC Markets Plc (LON:CMCX) after its share price dropped 20%. This decline struck...
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