Allan Gray Quarterly Commentary

2009 Q3 Comments from the chief operating officer

As I write, the JSE is more than double its March low when priced in US dollars. To justify the current stock market valuation on a PE multiple hovering...

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2009 Q3

Insights category - companies

South African banks - Not just a bad debt story

By Jacques Plaut on 30 Sep 2009

Reading time: 7 mins

Record-high bad debts are currently weighing on the banking sector. Typically, an industry experiencing depressed profits due to cyclical factors is a good...

Insights categories - Local investing

The Balanced Fund celebrates 10 years

By Jeanette Marais on 30 Sep 2009

Reading time: 8 mins

On 1 October 2009 Allan Gray celebrated the 10-year anniversary of the Balanced Fund. Excluding the money market funds, at just over R29bn it is now the...

Insights categories - Personal investing

The cost of too much choice

By Marisa Kaplan on 30 Sep 2009

Reading time: 7 mins

People are attracted to choice, but that does not mean that having more choice will lead to better decisions, or a better decision-making process. Research h...

Insights categories - Personal investing

The benefits and pitfalls of foreign diversification

By Chris du Toit on 30 Sep 2009

Reading time: 8 mins

Most South African investors looking to diversify will choose to include offshore assets in their portfolio. The trick is to select the right combination of...

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