Peering through the smoke
Where I Am? | Viewer ==> Peering through the smoke

Allan Gray Unit Trust Management

  Allan Gray Unit Trust Management   Q1 of 2023 | 3 years ago

Of the companies we research, the tobacco industry has some of the best structural fundamentals. Tobacco consumption is relatively price-inelastic, which means that price increases can make up for falls in sales volumes. Taxes make up a large portion of sale prices. This creates price leverage, causing consumer prices to rise by less than net revenues received by the business when excise rates do not change. In addition, specific taxes in some countries and efficient distribution make it difficult for new entrants to compete on price, especially since marketing is not allowed in most countries.


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Did You Know ?

Anchor Capital is a division of Anchor Group , that was founded by Peter Armitage.

The JSE allowed listings and trading of the Actively Managed ETF in 2023.

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Disclaimer
Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation.