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Articles tagged as "Performance"

Insights categories - Local investing

2024: What will the election year hold?

By Duncan Artus on 30 Jan 2024

Viewing time: 7 mins

From macroeconomic decisions to political outcomes, markets – and sentiment – can be temporarily influenced by various external factors. If 2023 will be...

Quarterly Commentary home page

2023 Q3 Comments from our chair

By Ian Liddle on 16 Nov 2023

Reading time: 6 mins

Daimler-Benz introduced the Mercedes-Benz S-Class to South Africa in 1973 – the same year that an ambitious 35-year-old with a Harvard MBA and eight years of...

Insights categories - Investment insights

Personal reflections on what makes a great asset manager over the long term

By Duncan Artus on 16 Nov 2023

Reading time: 12 mins

Given that we are in our 50th year of existence, Duncan Artus, who has been working at Allan Gray for over 22 years, reflects on what he believes makes a gre...

Insights categories - Local investing

Equities matter – even for a cautious investor

By Martine Damonse on 04 May 2023

Reading time: 11 mins

In recent years, we have witnessed investors on our platform moving their assets away from low-equity funds to funds that have little to no equity exposure...

Insights categories - Local investing

The evolving role of balanced funds

By Tamryn Lamb on 31 Jan 2023

Reading time: 12 mins

Tamryn Lamb looks at the important role balanced funds have played in your portfolio over time, the returns they have generated and the variability of these...

Insights categories - Local investing

Was 2022 a secular turning point and if so, what does it mean for the years ahead?

By Duncan Artus on 26 Jan 2023

Viewing time: 12 Mins

In his first investment update of 2023, Duncan Artus discusses the current investment context and how it differs from the past, shares a review of 2022 and...

Insights categories - Offshore investing

Orbis: The three stages of recent performance explained

By John Christy on 11 Oct 2021

Reading time: 11 mins

The past quarter has been painful. After an encouraging start to the year, the performance of our offshore partner, Orbis, has been impeded by its exposure t...

Insights categories - Local investing

Balanced Fund: Perspectives and positioning

By Tim Acker on 10 Feb 2021

Viewing time: 45 mins

In a recent webinar, Portfolio Manager Tim Acker discussed the investment environment and looked at how the Allan Gray Balanced Fund is positioned to take...

Insights categories - Local investing

Balanced Fund: Optionality, the most unappreciated asset

By Tim Acker on 10 Feb 2021

Reading time: 5 mins

One of the most unappreciated assets in a portfolio is optionality – the ability to take advantage of market disparity and to move between and within asset...

Insights categories - Local investing

Investment update: Taking advantage of disparities in the market

By Duncan Artus on 21 Jan 2021

Viewing time: 12 mins

One of the key preconditions for successful active management is the level of disparity in the markets. Duncan Artus discusses this in our first video and...

Insights categories - Local investing

The Stable Fund at 20

By Sean Munsie on 16 Oct 2020

Reading time: 10 mins

With an allocation to assets such as equities being key to long-term growth, even for more conservative investors, we believe the Allan Gray Stable Fund...

Insights categories - Local investing

Prospects look promising

By Stephan Bernard and Radhesen Naidoo on 12 Oct 2020

Reading time: 8 mins

Disappointing short-term performance has had a dampening effect on longer-term numbers. Looking at similar periods in our history provides useful context and...

Insights categories - Offshore investing

Orbis: Resilience and enthusiasm at a time of uncertainty

By Matthew Spencer on 25 May 2020

Reading time: 7 mins

In a presentation to advisers and clients via Zoom webinar, Matthew Spencer, from our offshore partner Orbis, discusses the disappointing recent performance ...

Insights categories - Local investing

Two decades for the Allan Gray Balanced Fund

By Duncan Artus on 07 Nov 2019

Reading time: 7 mins

The Allan Gray Balanced Fund celebrated its 20-year anniversary on 1 October 2019. The local industry looks vastly different today to how it looked two decad...

Insights categories - Offshore investing

Orbis: Contrarian investing in an unconventional environment

By Jonathan Brodie on 30 Oct 2019

Reading time: 9 mins

Orbis has been going through a period of painful underperformance. Jonathan Brodie reminds investors what Orbis is trying to achieve, examines performance ov...

Insights categories - Offshore investing

Orbis: Is value investing dead?

By Brett Moshal and Michael Heap on 28 Oct 2019

Reading time: 13 mins

Over multiple decades, the traditional value approach of buying cheap stocks has worked remarkably well. Over the last decade, it hasn’t, leading an...

Insights category - companies

Reflecting on our top equity holdings

By Leonard Krüger on 28 Oct 2019

Reading time: 8 mins

The performance of the Allan Gray Equity, Balanced and Stable funds has been disappointing over the past couple of years. Low single-digit returns from...

Insights categories - Local investing

How to construct a portfolio for a range of outcomes

By Andrew Lapping on 28 Oct 2019

Reading time: 8 mins

The future is extremely uncertain. This isn’t because of any particular global situation; it is always the case. This is why it is important that we build...

Insights categories - Offshore investing

Q&A: Understanding Orbis’ performance and potential

By Duncan Artus and Edward Blain on 28 Oct 2019

Reading time: 11 mins

Market breadth has been very narrow offshore, with few winners and many losers. Among the losers have been emerging markets and select cyclicals. At the same...

Insights categories - Investment insights

A matter of index

By Tebogo Bore on 07 Aug 2019

Reading time: 4 mins

When evaluating an investment, performance is often top of mind for would-be investors. The next consideration should be how well the investment stacks up...

Insights categories - Offshore investing

Orbis: enthusiasm for the portfolio

By Ben Preston on 29 Jul 2019

Reading time: 8 mins

Contrarian investing is a strange profession. When things are going well, you can look like a magician – earning extraordinary returns while others flounder....

Insights categories - Offshore investing

Changes to Orbis’ fee structure – good news for investors

By Tamryn Lamb on 27 Jun 2019

Reading time: 7 mins

Allan Gray’s offshore partner Orbis is introducing a new fee structure for African investors.

Insights categories - Offshore investing

Orbis: Perspectives on the portfolio

By Matthew Spencer on 14 Jun 2019

Reading time: 15 mins

Matthew Spencer, from our Offshore partner Orbis, explains what has driven Orbis’ recent performance, while also sharing some research about performance tren...

Insights categories - Local investing

Stable Fund: Are we meeting our objectives?

By Stephan Bernard and Radhesen Naidoo on 29 Apr 2019

Reading time: 11 mins

The investment environment over the last few years has been particularly challenging, causing the Stable Fund’s return to be more volatile than it has been...

Insights categories - Offshore investing

Orbis: Can you be patient and excited at the same time?

By Radhesen Naidoo on 05 Apr 2019

Reading time: 6 mins

As contrarian investors who invest differently, periods of underperformance are part of the investment cycle and, while disappointing, they can offer...

Insights categories - Offshore investing

Orbis: Key detractors from recent performance

By Radhesen Naidoo on 08 Mar 2019

Reading time: 5 mins

Periods of underperformance are stressful and disappointing, and while they are an expected part of the investment cycle for us as a contrarian manager, we...

Insights categories - Local investing

The dash for cash

By Duncan Artus and Nathan Wridgway on 28 Feb 2019

Reading time: 4 mins

The end of the calendar year often leads to reflection on how one’s investments have performed. Many savers are questioning the wisdom of investing in South...

Insights categories - Local investing

The upside of down markets

By Andrew Lapping on 11 Jan 2019

Reading time: 7 mins

2018 was not a good year for investors with price declines in many asset classes. The FTSE/JSE All Share Index (ALSI) fell 8.5% in 2018, or 21% when measured...

Insights categories - Local investing

Understanding recent performance

By Andrew Lapping on 07 Dec 2018

Reading time: 6 mins

2018 was a difficult year for investors with most asset classes falling in price. The prices of all assets are volatile; the only asset to seemingly lack...

Insights categories - Investment insights

Skilled Investing: Separating the wheat from the chaff

By Vuyo Nogantshi on 17 Oct 2018

Reading time: 7 mins

The difference between skilled and lucky investment managers is that over extended periods, skill should prevail in delivering good investment outcomes, whil...

Insights categories - Local investing

Raging Bull Awards

By Jeanette Marais on 26 Jan 2017

Reading time: 2 mins

The results of the Raging Bull Awards were made public last night. Hosted by Personal Finance in conjunction with partners ProfileData and PlexCrown Fund...

Insights categories - Investment insights

Did we get lucky?

By Simon Raubenheimer on 14 Nov 2016

Reading time: 5 mins

The Allan Gray domestic equity strategy delivered returns of 17.2% for the 12 months ending September 2016, after having subtracted all fees and costs. The...

Insights categories - Personal investing

How to review your investments

By Wanita Isaacs on 31 Dec 2015

Reading time: 6 mins

When last did you perform a financial health check by reviewing your investments? It's important to occasionally take stock to assess whether or not you are ...

Insights categories - Local investing

Does the size of your unit trust matter?

By Daniel van Andel on 31 Mar 2014

Reading time: 9 mins

Back in September 1998, there were 186 unit trusts available in South Africa. Fast-forward 16 years, and there are now 1 477 registered unit trusts in a...

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