Valuations matter, forget the story - Corion Capital’s David Bacher

Corion Capital’s chief investment officer, David Bacher, focuses on the paradigm shift taking place in markets, the rotation from growth to value. Valuations have started to matter and many of the pandemic winners – stocks that have attractive stories but not necessarily attractive financials – have begun to suffer. Bacher is quietly optimistic about South African equities and bonds, given the lofty valuations and inflationary concerns in the world’s largest economy. Many of the out-of-favour companies of a year ago are today’s hot picks.