It’s business as usual in unusual times.
We are in unprecedented times. The events of the past weeks in relation to COVID-19 (coronavirus) are the kind that happen once in a century; hopefully none of us will have to experience this again.
Share markets have been extremely volatile and it’s very unsettling for investors. We understand that many of our clients have concerns about their Allan Gray investments and what the future holds.
We want to reassure you that your investments in Allan Gray Funds continue to be managed exactly as they were before. Now is not the time to panic. If we look to the long term, we are seeing extraordinary value for our Funds and some once-in-a-lifetime buying opportunities in many companies today. But for those finding it difficult to stomach the volatility, you can watch our Managing Director and Chief Investment Officer, Simon Mawhinney, in this video. He explains the importance of looking at the bigger picture and avoiding making one “financially ruinous” mistake right now. Watch now.
Getting in touch
Although we are in unusual times, it’s business as usual for Allan Gray Australia. We have employed Government recommendations, including staff working from home, a minimal number of face-to-face meetings and social distancing controls. Our full Client Services team and Relationship Managers remain on hand to answer your queries and provide support.
If you have a question about your accounts, or would like to speak to us regarding your Allan Gray investments, please contact your usual Relationship Manager or our Client Services team. You can find their contact details here.
Due to Australia-wide service disruptions, you may experience difficulties contacting our team via phone. We suggest you email us on [email protected] and we will respond at our earliest opportunity. Thank you for your understanding.
If you are considering switching your investments, redeeming, or making any other investment decision, as always we suggest you speak to a financial adviser beforehand.
Looking ahead
Over the coming weeks we will continue to provide updates on our Funds and positioning. In the meantime, please do hesitate to get in contact with our team should you need to.
Take care and stay safe.
Allan Gray Australia
Share
Equity Trustees Limited ABN 46 004 031 298, AFSL No. 240975 is the issuer of units in the Allan Gray Australia Balanced Fund ARSN 615 145 974, Allan Gray Australia Equity Fund ARSN 117 746 666 and Allan Gray Australia Stable Fund, ARSN 149 681 774 (Allan Gray Funds) and units in the Orbis Global Equity Fund (Australia registered) ARSN 147 222 535, Orbis Global Equity LE Fund (Australia registered) ARSN 613 753 030 and Orbis Global Balanced Fund (Australia registered) ARSN 615 545 170 (Orbis Funds). Allan Gray Australia Pty Limited ABN 48 112 316 168, AFSL No. 298487 is the investment manager of the Allan Gray Funds.
Past performance is not a reliable indicator of future performance. There are risks involved with investing and the value of your investments may fall as well as rise. This represents Allan Gray Australia Pty Limited and Orbis Investment Advisory Pty Limited’s view at a point in time and may provide reasoning or rationale on why we bought or sold a particular security for the Allan Gray or Orbis Funds or our clients. We may take the opposite view/position from that stated, as our view may change. If this article is authored by Orbis, it does not prohibit the Orbis Funds from dealing in the securities before or after this article is published. This article constitutes general advice or information only and not personal financial product, tax, legal, or investment advice. It does not take into account the specific investment objectives, financial situation or individual needs of any particular person and may not be appropriate for you. We have tried to ensure that the information here is accurate in all material respects, but cannot guarantee that it is.
You should consider the relevant funds’ Product Disclosure Statement (PDS) or Information Memorandum (IM), as applicable, before acquiring, holding or disposing units in the Allan Gray or Orbis Funds. The PDS or IM can be obtained from
www.orbis.com.au and www.allangray.com.au.
Target Market Determinations (TMDs) for the Allan Gray products can be found at
allangray.com.au/PDS-TMD-documents,
while TMDs for the Orbis Funds can be found at www.orbis.com.au on the 'Forms' page under 'How to Invest'. Each TMD sets out who an investment in the relevant Allan Gray or Orbis Funds might be appropriate for and the circumstances that trigger a review of the TMD.
Managed investment schemes are generally medium to long-term investments. They are traded at prevailing prices and the value of units may go down as well as up. There are risks with investing the Fund and there is no guarantee of repayment of capital or return on your investment. Subject to relevant disclosure documents, managed investments can engage in borrowing and securities lending. A schedule of fees and charges is available in the PDS.