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Amazon becomes second company to pass $1trn market cap

On Tuesday, 4 September, Amazon became the second US public company to reach a $1trn market cap following Apple’s share price surge in August. Amazon’s share price reached the $2,050.50 mark for the first time yesterday, after a run-up that saw the price double in less than a year. The company was launched in 1994 by founder Jeff Bezos.

According to CNBC the trillion-dollar valuations of Amazon (and Apple) are bigger than the combined market caps of Exxon Mobil, Procter & Gamble and AT&T and Apple and Amazon each account for c. 4% of the value of the entire S&P 500 Index. Amazon closed Tuesday’s session at $2,039.51 and a market cap of $994.8bn



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WEBINAR | The Navigator – Anchor’s Strategy and Asset Allocation, 2Q24

Anchor CEO and Co-CIO Peter Armitage will host the webinar, provide an introduction to current global and local market conditions and give his thoughts on offshore equities. Together with Head of Fixed Income and Co-CIO Nolan Wapenaar, Pete will also discuss Anchor’s strategy and asset allocation for 2Q24, focusing on global equities and bonds. In addition, Fund Manager Liam Hechter will provide insights into local equities, highlighting some investment ideas; Global Equities Analyst James Bennet will discuss Ferrari and give an update on Tesla, and finally, Analyst Thomas Hendricks will participate in a Q&A with Peter, explaining the 10-year US Treasury to attendees.