BUSINESS DAY TV: Last year’s battered small caps could be this year’s winners
Anthony Clark of Vunani Private Clients discusses his top picks in the small-cap sector for 2017.
Anthony Clark is Vunani Private Clients’ small and medium market cap analyst. BUSINESS DAY TV: The year 2016 was a tough one for investors, and with more volatility forecast for this year you may want to consider the small-cap sector. Anthony Clark joins us in the studio now for a look at where he’s placing his bets this year…. So 2016 not such a good year for you — and you had a nice caveat highlighting that at the start of 2016. You say after a great performance in 2015 you were expecting a tough 2016. Was it tougher than expected by the end of the year? ANTHONY CLARK: Yes, it was a tough year. When stocks were selected in 2015 … for the following year, SA was a much different place. We hadn’t really had Nenegate, we hadn’t had Van Rooyen, we hadn’t had Pravin, and we didn’t have the Zuma shenanigans or the impact of the ratings agencies, so my expectation for 2016 at the start of the year was much different to what actually transpired. As we all saw, if you weren’t in resources i...
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