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Articles tagged as "Bonds"

Impact of Moody's downgrade

By Sandy McGregor on 30 Mar 2020

As a consequence of the decision by Moody’s to lower South Africa’s credit rating from Ba1 to Baa3, all three leading rating agencies now rate South African...

COVID-19: Evaluating market risk versus opportunity

By Duncan Artus on 25 Mar 2020

We have managed our portfolios through a range of different crises since 1974. Over the last 20 years, the dotcom collapse in 2001/02, the global financial...

The money bubble

By Claire Gallagher on 12 Feb 2020

There’s something magical about bubbles. Formed of water, soap and a breath of air they seem incredible. In financial markets, bubbles are a lot less revered...

Beware of recency bias when making investment decisions

By Beatri Faul on 29 Jan 2020

Over the past year, we have seen local investments streaming towards bonds and cash – the top-performing asset classes for most of 2019. Are investors chasin...

Should you invest in bonds?

By Londa Nxumalo on 29 Jan 2020

The recent performance of South African bonds – which have outperformed cash and equities over three and five years – has prompted investors to ask whether...

How to invest in challenging times

By Ruan Stander on 22 Jan 2020

A braai over the weekend inevitably reminds us of the significant challenges our country faces – there is lots of negative news to talk about.

Demystifying Africa’s debt markets

By Nick Ndiritu on 15 Feb 2018

Investors seeking diversification outside of South Africa can easily overlook the investment opportunities in other African markets. It is tempting to start ...

Stable Fund update: Justifying a higher net equity weighting in challenging times

By Leonard Krüger on 03 Nov 2017

Local inflation and interest rates have peaked in the current cycle and South Africa had its first interest rate cut in five years during the quarter. While...

Should you have bonds in your portfolio?

By Mark Dunley-Owen on 31 Mar 2017

Bonds are boring, or so the saying goes. A better interpretation is that bond returns are less volatile than equity returns, most of the time...

Global perspective: Do value shares deserve to be this cheap?

By Alec Cutler on 31 Dec 2016

The Orbis Global Balanced Fund aims to balance capital appreciation and income generation with the associated risk of its investments. These objectives...

Investing in Africa’s debt markets

By Nick Ndiritu on 30 Sep 2016

Patient capital dedicated to Africa’s capital markets is scarce, especially during economic or political downturns. Nick Ndiritu explains how long-term...

XPO Logistics: Diversification through owning both shares and bonds

By Ashley Lynn and Matt Adams on 30 Jun 2016

Forming contrarian views about the intrinsic value of companies is the core of what we do. In the Orbis Global Balanced Fund, this fundamental company resear...

A tale of two crises

By Tamryn Lamb on 24 Aug 2015

Greece and China have dominated financial headlines since March. With fear running high, we try to remain focused on the relationship between the price and...

What do low global bond yields mean for South African investors?

By Ian Liddle on 28 Jan 2015

Adapted from the Chief Investment Officer’s comments, which will appear in the Allan Gray Unit Trust Annual Report, 2014. More than half of global government...

Do not confuse stability with safety

By Ben Preston on 30 Jun 2013

According to Ben Preston, from our offshore partner Orbis, Orbis and Allan Gray's strict adherence to our bottom-up research process keeps us focused on...

The long-term outlook for the South African bond market

By Andrew Lapping on 31 Mar 2011

As a bond investor you need to ask yourself two questions: are your inflation expectations reasonable, and will the potential real return be sufficient? Andr...

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