bullish

1st Quarter 2024 Letter to Investors

194 Views06 May 2024 09:55
SUMMARY

  • Outperformance of Metals and Mining sector: The fund's gold, copper, and lithium investments outperformed their respective industry performance.

  • Interesting trends in the gold market: We examine gold prices and propose a shift from wealth-driven to fear-driven consumption patterns. We also identify several events that could reduce fear and slow gold price momentum.

  • The evolving situation at OCI: The fund holds a 6% position in OCI, a global fertilizer business that announced two significant asset sales in December 2023, from which we expect to receive a substantial capital return in 2024.

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Massif Capital Research
Providing investors with a balanced perspective
Massif Capital
Multi-AssetMacroeconomicsCommodities
  • Loading...
x