Allan Gray Quarterly Commentary: March 2012

Comments from the Chief Operating Officer

Rob Dower

Living in London several years ago my wife and I were able to borrow money to buy a house and we have hung onto it since then. Like many people who borrowed money in the UK at a floating rate before the financial crisis, we are now being charged very little interest on our debt. After UK inflation, our cost of borrowing is negative – you may say we are being paid to not pay the debt back. Real interest rates in the UK have been negative for some... read more

A zero interest rate world -

Sandy McGregor

Zero interest rates constitute a formidable challenge for investors. Money acts both as a medium of exchange and a store... read more

Insurance: better than you think -

Duncan Artus and Leonard Krüger

Despite being out of favour with many investors, the insurance sector has outperformed the total return of the market... read more

Online: your service channel of choice? -

Shabnam Osman

In response to growing adviser and client needs for self service and additional reporting functionality , we constantly strive to improve and add add to our online... read more

Lest we forget -

Mahesh Cooper

We sometimes forget what an extraordinary period the last 10 years has been for local investors despite the Global... read more

High correlations present challenges -

Seema Dala and Chris du Toit

Actively managed funds, including the Orbis Global Equity Fund, have struggled to outperform the market over the past year... read more