The Allan Gray Australia Equity Fund and Stable Fund have maintained the highest ratings awarded by eminent research house, Lonsec – ‘Highly Recommended’.
A ‘Highly Recommended’ rating indicates that Lonsec “has very strong conviction the financial product can generate risk adjusted returns in line with relevant objectives. Lonsec also states that a Fund with a Highly Recommended rating “is considered a preferred entry point to this asset class or strategy.”
When making an assessment on each of the Allan Gray Australia Equity Fund (Equity Fund) and the Allan Gray Australia Stable Fund (Stable Fund), Lonsec highlighted a number of key strengths, including:
“The Fund’s lead Portfolio Manager, Simon Mawhinney, is an experienced and highly capable investment professional. The Manager applies a staunch, contrarian investment strategy, and the Fund has delivered strong risk-adjusted returns over the long term. The investment team is highly educated with a diverse range of industry and academic backgrounds. They exhibit strong buy-in to the firm’s investment philosophy and are strongly aligned with end investors.”
Lonsec’s report for the Equity Fund notes that:
“Underpinning the rating is Lonsec’s strong conviction in the investment skill of portfolio manager Simon Mawhinney. Lonsec considers him to be an impressive and steadfast investor, moulded in Allan Gray’s time-tested investment ethos. Mawhinney is ably supported by portfolio manager Suhas Nayak, the well qualified investment team, and the firm’s strong performance culture. Moreover, the contrarian nature of the strategy holds intuitive appeal and continues to demonstrate superior peer-relative returns over ten years.”
When assessing the Stable Fund, Lonsec noted that:
“Lonsec believes the Fund offers investors a differentiated offering that is contrarian and opportunistic. It has delivered strong risk-adjusted returns over the long term. The 50% cash floor also ensures that the Fund’s volatility will be much lower than peers.”
These continued strong ratings are testament to the highly focused contrarian investment approach Allan Gray Australia has been operating for the last 17 years. We are extremely proud of the continued hard work and discipline of the whole team at Allan Gray who work together to deliver on our purpose of building long-term wealth for our clients.
A detailed list of ratings is available for financial planners at the Allan Gray adviser hub.
The rating issued 09/2022 ETL0060AU & 09/2022 ETL0273AU are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.
