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CITATION – FOURTH QUARTER 2022

Contents

MESSAGE FROM CAM

CALENDAR YEARS vs. CYCLES

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INDUSTRY NEWS

CITADEL’S H4 DIVERSIFIED FUND RANKED AS ONE OF BEST IN SOUTH AFRICA

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INSIGHTS

CORPORATE EARNINGS – WHAT DO THEY TELL US ABOUT THE HEALTH OF ECONOMIES?

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ECONOMIC OUTLOOK

PREPARING FOR ANOTHER TOUGH YEAR AHEAD

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UPDATE

ASSET VALUATION SIGNALS

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FUND PERFORMANCE

FOURTH QUARTER 2022

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DISCLAIMER

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FEEDBACK

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