Financial Services Provider
Allan Gray Proprietary Limited (“Allan Gray”) is authorised as a financial services provider by the Financial Sector Conduct Authority in South Africa in terms of the Financial Advisory and Intermediary Services Act 2002. Allan Gray is not authorised to and does not provide financial advice. No information contained on this website should be construed, or relied upon, as advice. If you require financial and/or investment advice, please engage the services of an independent financial adviser.
Investments not available to certain investors
The financial services, products or investments referred to on this website are not available to residents in jurisdictions where such availability or distribution would contravene local law or regulation. The information on this website is not addressed to, or intended for use by these persons.
If you intend to obtain any product or service from Allan Gray or its subsidiaries that is described on this website, you must inform Allan Gray whether or not you are a South African person and whether or not you are not allowed to obtain such products or services from Allan Gray in your home jurisdiction. You must take note of the terms relating to eligible investor status in the terms and conditions and the account opening documents of each Fund. You will be required to confirm your status when investing.
Terms of distribution
The Allan Gray Africa ex-SA Equity Fund Limited, Allan Gray Africa ex-SA Bond Fund Limited, Allan Gray Africa Equity Fund Limited, and Allan Gray Frontier Markets Equity Fund Limited (“the Africa and Frontier Funds”) are licensed to conduct investment business by the Bermuda Monetary Authority.
No communication on this website constitutes a financial promotion, a recommendation, an offer to sell or a solicitation to buy shares or units of the Africa and Frontier Funds. Subscriptions are only valid if made on the basis of the current respective Prospectus of the Africa and Frontier Funds. The distribution of the Prospectuses of “the Africa and Frontier Funds” and the offering of shares in the Africa and Frontier Fund are restricted in certain jurisdictions. No action has been taken to permit the distribution of the Prospectuses of the Africa and Frontier Funds or the offering of shares in the Africa and Frontier Funds in any jurisdiction (other than in Bermuda where they are regulated) where action would be required for such purpose. The investments referred to on this website are offered strictly according to the terms and conditions contained in the documents of the Africa and Frontier Funds.
Neither the Africa and Frontier Funds nor Allan Gray Bermuda Limited as Investment Manager of the Africa and Frontier Funds (“the Investment Manager”) have been registered or are registered under applicable Canadian laws (including as an investment fund manager) in any province or territory of Canada nor has the Investment Manager submitted to the jurisdiction of any local securities regulatory authority.
Neither the Allan Gray Africa Equity Fund Limited nor the Allan Gray Frontier Markets Equity Fund Limited have been or are being registered under any applicable South African legislation to carry on business in the Republic of South Africa. Neither Allan Gray Bermuda Limited as Investment Manager nor Allan Gray as Investment Advisor are intending in any way to solicit investments into the above mentioned Funds from members of the public in the Republic of South Africa as contemplated in terms of the Collective Investment Schemes Control Act 2002 ("CISCA"), including but not limited to, by way of this website or the Fund's Prospectus.
Allan Gray ex-SA Equity Fund Limited and Allan Gray ex-SA Bond Fund Limited have both been approved for marketing and solicitation in South Africa under section 65 of CISCA.
The Africa and Frontier Funds are not recognised or authorised as a collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom. Accordingly, this communication is directed only at persons in the United Kingdom permitted under such Act (or the order made under such Act) to receive it.
Neither the shares in the Africa and Frontier Funds nor the Africa and Frontier Fund themselves have been registered under any United States securities legislation and, except in a transaction which does not violate such legislation or require the registration of the Africa and Frontier Funds, the shares in the Africa and Frontier Funds are not being offered, directly or indirectly, in the United States of America or in any of its territories or possessions or areas subject to its jurisdiction or to citizens or persons from these areas.
Terms of distribution: Allan Gray Unit Trusts
Allan Gray Unit Trust Management (RF) Proprietary Limited (the ‘Management Company’) is registered as a management company under CISCA, in terms of which it operates unit trust portfolios under the Allan Gray Unit Trust Scheme, and is supervised by the Financial Sector Conduct Authority. Allan Gray is the appointed investment manager (‘Investment Manager’) of the Management Company. Collective Investment Schemes in Securities (unit trusts or funds) are generally medium- to long-term investments. Except for the Allan Gray Money Market Fund, where the Investment Manager aims to maintain a constant unit price, the value of units may go down as well as up. Past performance is not necessarily a guide to future performance. Movements in exchange rates may also cause the value of underlying international investments to go up or down. The Management Company does not provide any guarantee regarding the capital or the performance of its unit trusts. It is therefore important to understand the risks involved before investing. Funds may be closed to new investments at any time in order for them to be managed according to their mandates. Unit trusts are traded at ruling prices and can engage in borrowing and scrip lending. A schedule of fees, charges and maximum commissions is available on request, at no charge, from Allan Gray. The trustee/custodian of the Allan Gray Unit Trust Scheme is Rand Merchant Bank, a division of FirstRand Bank Limited. The trustee/custodian can be contacted at RMB Custody and Trustee Services: Tel: +27 (0)87 736 1732 or www.rmb.co.za
Ownership and copyright
This website and its content are owned by Allan Gray and/or its licensors and are protected by copyright and other intellectual property laws. All rights not expressly granted are reserved. Any unauthorised copying, reproduction, retransmission, distribution, dissemination, sale, publication, broadcast or other circulation, or exploitation of this material will constitute an infringement of such protection. The copyright in all material vesting in Allan Gray published on this website shall continue to vest in Allan Gray. Without detracting from the above, Allan Gray authorises you to view, copy, download, print and distribute the content of this website, provided the content is used only for your information, non-commercial and private purposes. You are expressly prohibited from incorporating any proprietary material of Allan Gray and/or its licensors taken from this website in any other work, publication or website either of your own or belonging to any third party. The trademarks, logos and service marks (‘marks’) displayed on this website are registered and/or in the process of being registered. Nothing contained on this website or in the content or information provided should be construed as granting any licence or right to use any of the marks without the prior written permission of the owner and no right, title or interest in any proprietary material contained on this website is granted to you.
The information and content (collectively ‘information’) accessible through this website is provided by Allan Gray as general information about Allan Gray and its products and services. Allan Gray does not guarantee the suitability or potential value of any information or particular investment source. No information on this website is intended to provide, nor does it constitute, financial, tax, legal, investment, or other advice. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. It is recommended that you consult an independent financial adviser regarding your specific situation if you require financial and/or investment advice. Nothing contained in any service provided or any content on this website constitutes a solicitation, recommendation, endorsement or offer by Allan Gray, including in regard to buying, selling or holding any securities or investments, but shall merely be considered to be an invitation to do business.
Allan Gray Online
For our terms and conditions relating to the secure section of our website, click here. For some tips on how to improve your online security, click here.
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The content on this website and the information contained therein is made available to you ‘as is’ and ‘as available’. Allan Gray has taken and will continue to take care that all information provided on this website is true and correct in so far as this is under Allan Gray’s control. However, Allan Gray does not warrant that this website, the content provided or information contained therein will be error-free or will meet any particular criteria of accuracy, completeness or reliability of information, performance or quality and disclaims any liability for any loss, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website. Although Allan Gray has taken reasonable measures to ensure the integrity of this website, including the content provided and the information contained therein, there is no warranty of any kind, expressed or implied made by Allan Gray, regarding the information or aspect of any service provided. Any warranty implied by law is hereby excluded except to the extent that such exclusion would be unlawful.
Email legal notice
For our email legal notice click here.
For details about our complaints procedure click here.
The FTSE/JSE All Share Index is calculated by FTSE International Limited (‘FTSE’) in conjunction with the JSE Limited (‘JSE’) in accordance with standard criteria. The FTSE/JSE All Share Index is the proprietary information of FTSE and the JSE. All copyright subsisting in the FTSE/JSE All Share Index values and constituent lists vests in FTSE and the JSE jointly. All their rights are reserved.
FTSE Russell Indices
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®” “Russell®”, “FTSE Russell®”, is/are a trade mark(s) of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
J.P. Morgan Indices
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2019, J.P. Morgan Chase & Co. All rights reserved.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
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