November 2019

Dear Fintax Investor, For the month of November 2019, the Fintax Funds delivered 2.1% (Growth) and 1.8% (Balanced), respectively. Year-to-date, the Funds have delivered 17.2% and 15.5%, relative to...

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Mona Lisa Smile – The Pursuit of Perfection

A celebrity make-up artist recently made the following comment when interviewed by the New Yorker Magazine: ‘’It’s Instagram Face, duh. It’s like an unrealistic sculpture. Volume on volume. A...

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October 2019

Dear Fintax Investor, Last month, the Fintax Funds delivered +2.6% (Growth) and +2.0% (Balanced), relative to +2.7% for the MSCI All Countries World Index (ACWI) and -0.1% for the ICE BofAML Global...

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In the Eye of the Beholder

Bullseye! Tencent, the giant Chinese internet technology company partly owned by Naspers (Prosus) recently announced their plan to seamlessly embed video ads directly into movies. To get a clearer...

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Q3 2019 Commentary

Q3 2019 Commentary Cheap Money, Expensive Storage Earlier in the week various users found a glitch in Robinhood, the stock trading app for millennials, that allowed them to trade stocks with...

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September 2019

Dear Fintax Investor, Last month, the Fintax Funds delivered +3.3% (Growth) and +2.2% (Balanced), relative to +3.7% for the MSCI All Countries World Index (ACWI) and -1.3% for the ICE BofAML Global...

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Robin Hoodwinked

Robin Hood steals from the rich and gives to the poor. Robinhood levies hidden charges on the masses to get rich. Robinhood is a fintech company that has become extremely popular with younger stock...

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August 2019

Dear Fintax Investor, Last month the Fintax Funds declined 5.0% (Growth) and 3.3% (Balanced) relative to -3.7% for the MSCI All Countries World Index (ACWI) and +2.6% for the BofAML Global Broad...

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Don’t Focus on Short-Term Hocus Pocus

Myopia – or more commonly known as short-sightedness – has been the cause of many people’s frustration. Sixty years ago, 10-20% of the Chinese population was short-sighted. Today, up to...

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July 2019

Dear Fintax Investor, Last month the Fintax Funds delivered 1.1% (Growth) and 0.8% (Balanced) relative to 1.2% for the MSCI All Countries World Index (ACWI) and 0% for the BofAML Global Broad Market...

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The Deepfake Headache

Technology is impacting the world in new ways. One of the ways in which it is impacting every person on earth is through its use in telling stories in the political arena.   The first real...

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FANG – Full Steam Ahead!

Whilst investors in equity markets experienced large declines in 2018, thus far in 2019, returns to both equity and fixed income investors have been more favourable. Returns have, for the most part,...

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