Mark Dunley Owen

Mark Dunley-Owen

Mark joined Allan Gray in 2009 having worked at a number of international investment banks. He started managing a portion of the fixed interest portfolios in July 2011, and a portion of the stable portfolios in May 2013. He is one of the portfolio managers of the Allan Gray Stable Fund, the portfolio manager of the Allan Gray Bond Fund and also manages Africa ex-SA bonds.

Articles by Mark Dunley-Owen

Is it time to invest in listed property?

By Mark Dunley-Owen on 25 Jan 2019

There is a perception that we do not regard listed property as an attractive investment for our clients. This is not the case. It is, however, true that our...

Money Market Fund update: Lower yields suggest lower future money market returns

By Mark Dunley-Owen on 26 Apr 2018

It has been good to be invested in money market funds over recent years. The Allan Gray Money Market Fund (the Fund) has returned 7.5% per annum over the las...

If South Africa was a company would you include it in your portfolio?

By Mark Dunley-Owen on 04 Aug 2017

Sentiment towards South Africa is poor. It is tempting to believe that excessive bad news is priced into South African assets, which should deliver attractiv...

Stable Fund update: Finding value in SA equities

By Mark Dunley-Owen on 28 Apr 2017

South Africa has a history of political uncertainty. The 15 months since the removal of Nhlanhla Nene as finance minister in December 2015 have been a stark...

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...

Stable Fund update: How to invest in ‘interesting’ times

By Mark Dunley-Owen on 15 Jul 2016

‘May you live in interesting times' is an English expression which many believe to be a translation of a traditional Chinese curse. The expression seems to...

Commodities: Opportunity or risk?

By Mark Dunley-Owen on 31 May 2016

We are ‘bottom-up’ investors who pay more attention to valuations than to macroeconomic forecasts. We do extensive research to calculate what we believe is...

South African Banks: Do valuations support the risks?

By Mark Dunley-Owen on 31 Mar 2016

There has been much volatility in the banking sector over the last few months: Barclays is exiting Africa, Old Mutual may be selling its stake in Nedbank,...

Standard Bank: Has anything changed?

By Mark Dunley-Owen on 30 Sep 2013

Standard Bank is a Top Five holding in the Allan Gray Equity and Balanced Funds. Mark Dunley-Owen discusses why we believe it is an attractive investment for...

An alternative view of commodity demand and supply

By Mark Dunley-Owen on 30 Jun 2011

In Quarterly Commentary 1, 2011 Sandy McGregor discussed how high commodity prices are being supported by the mining sector's inability to keep pace with...

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