Institutional mandates

All of our clients’ investments, irrespective of size and mandate, are invested according to Allan Gray’s fundamental valuation-oriented investment philosophy.

Our investment decisions are based upon exhaustive, proprietary, fundamental research. It is our experience that understanding companies and investing where they represent fundamental value is far more rewarding than trying to predict economic, political or market trends.

Our main objective in the management of our client’s assets are not only to deliver superior long-term performance, but also to do so at lower levels of risk of capital loss.

 
Minimum investment
Available to
Segregated portfolios
R500 million
Retirement funds, medical schemes, endowment funds, trusts and tax-paying investors subject to conditions
Pooled portfolios - View summary
R20 million
Retirement funds and medical schemes only
Unit trust funds
R20 million
Retirement funds, medical schemes, endowment funds, trusts and tax-paying investors subject to conditions


Investors who do not meet the minimum investment amount can invest in the standard retail classes of our unit trust funds.

Multi-asset local mandates

Multi-asset class mandates allow portfolio managers discretion to choose securities across local asset classes (equities, bonds, commodities and property) within the constraints of the mandate.

Investor profile
  • Institutional investors with an average risk tolerance
Product profile
  • Actively managed domestic only mandate
  • Investments selected from all asset classes
  • Represents Allan Gray’s best view for a balanced mandate
Return characteristics / risk of monetary loss
  • Superior long-term returns
  • Risk will be higher than Domestic Stable Portfolio but less than the Domestic Absolute Portfolio
Product availability
Investment avenue
Availability
More information
Investor profile
  • Highly risk-averse institutional investors
Product profile
  • Conservatively managed domestic only mandate
  • Investments selected from all asset classes
  • Shares selected with limited downside and a low correlation to the stockmarket
  • Modified duration of the fixed-interest component will be conservative
Return characteristics / risk of monetary loss
  • Superior returns to money market investments
  • Limited capital volatility
  • Strives for capital preservation over any two-year period
Product availability
Investment avenue
Availability
More information
Investor profile
  • Institutional investors seeking superior absolute returns (in excess of inflation) over the long term with a higher than average short-term risk tolerance
Product profile
  • Actively managed domestic only mandate
  • Investments selected from all asset classes
  • Reflects the manager’s strong investment convictions and could deviate
Return characteristics / risk of monetary loss
  • Superior absolute returns (in excess of inflation) over the long term
  • Risk of higher short-term volatility than the Domestic Balanced Portfolio
Product availability
Investment avenue
Availability
More information

Multi-asset global mandates

Multi-asset class mandates allow portfolio managers discretion to choose securities across all asset classes (equities, bonds, commodities, property and foreign assets) within the constraints of the mandate.

Investor profile
  • Institutional investors with an average risk tolerance
Product profile
  • Actively managed global mandate
  • Investments selected from all asset classes
  • Represents Allan Gray’s best view for a balanced mandate
Return characteristics / risk of monetary loss
  • Superior long-term returns
  • Risk will be higher than Global Stable Portfolio but less than the Global Absolute Portfolio
Product availability
Investment avenue
Availability
More information
Investor profile
  • Highly risk-averse investors
Product profile
  • Conservatively managed global mandate
  • Investments selected from all asset classes
  • Shares selected with limited downside and a low correlation to the stockmarket
  • Modified duration of the fixed-interest component will be conservative
Return characteristics / risk of monetary loss
  • Superior returns to money market investments
  • Limited capital volatility
  • Strives for capital preservation over any two-year period
Product availability
Investment avenue
Availability
More information
Segregated portfolio
Yes
institutional@allangray.co.za
Pooled portfolio
Yes
Allan Gray Life Global Stable Portfolio
Unit trust
Yes
institutional@allangray.co.za
Investor profile
  • Institutional investors seeking superior absolute returns (in excess of inflation) over the long term with a higher than average short-term risk tolerance
Product profile
  • Actively managed global mandate
  • Investments selected from all asset classes
  • Will fully reflect the manager’s strong investment convictions and could deviate considerably in both asset allocation and stock selection from the average balanced mandate
Return characteristics / risk of monetary loss
  • Superior absolute returns (in excess of inflation) over the long term
  • Risk of higher short-term volatility than the Global Balanced Portfolio
Product availability
Investment avenue
Availability
More information

Specialist mandates

INVESTOR PROFILE
  • Institutional investors requiring management of a South African equity portfolio
PRODUCT PROFILE
  • Actively managed domestic only mandate
  • Represents Allan Gray’s best view for a specialist equity-only mandate
  • Portfolio risk is controlled by limiting the exposure to individual counters
RETURN CHARACTERISTICS / RISK OF MONETARY LOSS
  • Superior returns to that of the FTSE/JSE All Share Index including income
  • Risk will be no greater than that of the benchmark
  • Higher than average returns at no greater than average risk for an equity portfolio
PRODUCT AVAILABILITY
Investment avenue
Availability
More information
Investor profile
  • Medical schemes
Product profile
  • Conservatively managed mandate
  • Complies with the limits of Annexure B to Regulation 30 of the Medical Schemes Act, 1998
  • Shares selected with limited downside and a low correlation to the stockmarket
  • Modified duration of the fixed-interest component will be conservative
Return characteristics / risk of monetary loss
  • Superior returns to money market investments
  • Limited capital volatility
  • Strives for capital preservation over any two-year period
Product availability
Investment avenue
Availability
More information
INVESTOR PROFILE
  • Institutional investors wishing to diversify their existing investments with a portfolio that has no/low correlation to stock- or bond-market movements, and also strives to provide a return in excess of that offered by money market investments
  • Institutional investors with a high aversion to capital loss
PRODUCT PROFILE
  • Seeks absolute returns irrespective of stock market movements
  • Actively managed portfolio consisting of shares and derivative instruments
  • Shares selected that offer superior fundamental value
  • Risk of shares underperforming the market is carefully managed
  • Stock market risk reduced by using derivative instruments
RETURN CHARACTERISTICS / RISK OF MONETARY LOSS
  • Superior returns to bank deposits
  • Little or no correlation to stock- or bond-markets
  • Low risk of capital loss
PRODUCT AVAILABILITY
Investment avenue
Availability
More information
INVESTOR PROFILE
  • Institutional investors requiring management of a money market portfolio
PRODUCT PROFILE
  • Actively managed portfolio
  • Investment risk is managed using modified duration and term to maturity of the instruments in the portfolio
  • Credit risk is controlled by limiting the exposure to individual institutions and investments
RETURN CHARACTERISTICS / RISK OF MONETARY LOSS
  • Low risk of capital loss
  • Superior returns to the benchmark
  • High level of income
PRODUCT AVAILABILITY
Investment avenue
Availability
More information
Segregated portfolio
Yes
institutional@allangray.co.za
Pooled portfolio
Yes
Allan Gray Life Money Market Portfolio
Unit trust
Yes
institutional@allangray.co.za

Foreign-only mandates

We invest in international assets on behalf of Southern African clients through the Orbis funds. Orbis is our global investment partner with whom we share a founder and investment philosophy.

INVESTOR PROFILE
  • Institutional investors requiring management of a global multi-asset class portfolio
PRODUCT PROFILE
  • Invested in the Orbis Global Equity Strategy, which is actively managed by Orbis
  • Represents Orbis’s best view for a specialist equity-only mandate
  • Portfolio risk is controlled by limiting the exposure to individual counters
RETURN CHARACTERISTICS / RISK OF MONETARY LOSS
  • Superior returns to that of world stockmarkets
  • Risk will be no greater than that of the benchmark
  • Higher than average returns over the long term at no greater than average risk for a global equity portfolio
PRODUCT AVAILABILITY
Investment avenue
Availability
More information

* Due to foreign exchange control regulations, this Fund is capped from time to time.

INVESTOR PROFILE
  • Institutional investors requiring management of a global multi-asset class portfolio
PRODUCT PROFILE
  • Invested in the Orbis SICAV Global Balanced Fund, which is actively managed by Orbis
RETURN CHARACTERISTICS / RISK OF MONETARY LOSS
  • Aims to balance capital appreciation, income generation and risk of loss in a diversified global multi-asset class portfolio
PRODUCT AVAILABILITY
Investment avenue
Availability
More information

1 Due to foreign exchange control regulations, this Fund is capped from time to time. 

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
(b) I do not reside in the Republic of South Africa; or 
(c) I am not otherwise a person to whom the communication of the information contained in this website is prohibited by the laws of my home jurisdiction; and 
(d) I am not acting for the benefit of any such persons mentioned in (a),(b) and (c) and 
(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.

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