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Articles tagged as "Allan Gray Balanced Fund"

Valuations matter

By Andrew Lapping on 11 Jun 2019

Uncertainty abounds at present. Equity returns for the past few years have been underwhelming, political upheaval locally and internationally is causing wave...

Balanced Fund update: An improved opportunity set

By Andrew Lapping on 03 May 2019

The poor sentiment towards equity markets at the end of 2018 reversed sharply in the first quarter of 2019, with the JSE appreciating 8% and the MSCI World...

The year of payback

By Duncan Artus on 15 Feb 2019

Excess returns from the FTSE/JSE All Share Index (ALSI) relative to cash have disappointed over the last five years, with cash now outperforming, on average....

The upside of down markets

By Andrew Lapping on 11 Jan 2019

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...

Understanding recent performance

By Andrew Lapping on 07 Dec 2018

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...

Finding opportunity in the volatility

By Andrew Lapping on 19 Apr 2018

The first quarter proved to be a difficult one with the Allan Gray Equity, Balanced and Stable Funds all delivering negative returns. The most significant...

Investment lessons from 2017: be patient and trust your analysis

By Andrew Lapping on 01 Feb 2018

Separating oneself from the noise is tricky. There is an enormous amount of information out there; you can listen to experts on television, read newspapers,...

How has your investment been impacted by the fall in the price of Steinhoff?

By Andrew Lapping on 11 Dec 2017

Global retailer Steinhoff International Holdings NV’s share price had fallen 86.9% by close of trade on Friday 8 December, following CEO Markus Jooste’s...

Balanced Fund update: Unloved stocks present buying opportunities

By Simon Raubenheimer on 28 Jul 2017

Investor sentiment towards emerging markets remains weak. This has left emerging markets at a valuation discount to developed markets. The MSCI Emerging Mark...

Striking a balance

By Claudia Del Fante and Radhesen Naidoo on 20 Jul 2017

Where many investors define risk as the volatility of returns, or the risk of looking different, our focus is always on avoiding permanent loss of capital...

How our unit trusts are positioned for the current environment

By Leonard Krüger on 29 Jun 2017

The net equity exposure of our flagship unit trusts matches our risk appetite in those unit trusts and the asset allocation is managed accordingly...

Balanced Fund update: The importance of asset allocation

By Jacques Plaut on 21 Apr 2017

People often stress the importance of asset allocation. For example, we have heard it said that 90% of returns are directly due to asset allocation. We teste...

When is a debit order the better option?

By Bekithemba Mafulela on 31 Mar 2017

When you think about starting a new investment there are two ways to approach it: either you invest in one go with a lump sum or you do recurring investments...

Keep calm and carry on investing

By Andrew Lapping on 17 Jan 2017

The past 12 months seem to have passed particularly swiftly, maybe because fundamentally very little changed. Interestingly, the light in which investors vie...

Balanced Fund update: What is a 'high-quality' company?

By Jacques Plaut on 28 Oct 2016

The Fund’s performance over the past quarter was helped by overweight positions in Standard Bank and Impala Platinum, and by underweight positions in SABMill...

How to be a better long-term investor

By Shaheed Mohamed on 30 Sep 2016

Is your behaviour standing in the way of your investment success? Shaheed Mohamed helps us become more aware of common biases so that we can adjust our...

How to think about the rand when making investment decisions

By Andrew Lapping on 18 Jul 2016

Over the last few years we have been concerned about the strength of the rand and our portfolios have been positioned for currency weakness. One of our...

Managing portfolios in times of uncertainty

By Duncan Artus on 24 Jun 2016

My inbox is filling up with commentary about the impact of Brexit. Some of the commentary is of debatable long-term value and with news of this nature it tak...

Annual report from the outgoing Chief Investment Officer

By Ian Liddle on 01 Mar 2016

Adapted from the Chief Investment Officer’s comments, which will appear in the Allan Gray Unit Trust Annual Report, 2015. These are Ian Liddle’s final Annual...

Interim investor update

By Rob Dower on 17 Dec 2015

Some clients have asked for an update on how well their investments are doing in the current very volatile market. It’s risky to respond until things have...

What is a PE ratio?

By Wanita Isaacs on 30 Jun 2015

Central to our investment philosophy at Allan Gray is buying shares that the market has priced below what we believe they are worth. We then sell these share...

The upside to downside protection

By Shaun Duddy on 30 Jun 2015

Warren Buffet famously said that there are two rules when investing, 'Rule No.1: Never lose money, Rule No.2: Never forget rule No.1.' Shaun Duddy discusses...

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...

The impact of events relating to African Bank on Allan Gray Unit Trusts

By Ian Liddle and Andrew Lapping on 12 Aug 2014

African Bank’s failure has had a small, negative impact on our Allan Gray Equity, Balanced and Stable Funds. In this GrayIssue we attempt to address a broad...

How to ensure your retirement income goes the distance

By Michael Summerton on 30 Jun 2014

It is only a number of years into retirement that the consequences of decisions made early on begin to show. If you are nearing retirement, or you are in ear...

Does the size of your unit trust matter?

By Daniel van Andel on 31 Mar 2014

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...

Analysing your fund's performance

By Fiona Jeffery on 31 Dec 2013

Regular readers of our Quarterly Commentary will know that at Allan Gray we are focused on generating superior returns for our clients over the long term. On...

Do you need a financial check-up?

By Thandi Ngwane on 19 Dec 2013

The end of the year is a good time to review your financial well-being and put some new year’s resolutions in place that aim for better saving and spending...

Looking back at 2011 and preparing for the years ahead

By Ian Liddle on 20 Jan 2012

South Africa has thus far been spared the crushing austerity measures affecting Europe. Three important factors have been in our favour so far: a decade of...

The Balanced Fund celebrates 10 years

By Jeanette Marais on 30 Sep 2009

On 1 October 2009 Allan Gray celebrated the 10-year anniversary of the Balanced Fund. Excluding the money market funds, at just over R29bn it is now the...

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