We’d like to thank Lonsec and Money Management for acknowledging us at the recent 2017 Fund Manager of the Year Awards.
To be awarded Fund Manager of the Year for the Australian Equities (Broad Cap) category was a great testament to the team’s patience and hard work.
In particular, Lonsec’s comments were appreciated:
- “Allan Gray employs a long-term focused, fundamental ‘bottom up’ investment research process to identify undervalued companies.”
- “The Fund holds a number of attractions and offers investors a genuinely differentiated ‘benchmark unaware’ offering in the market place managed by a relatively unconventional team compared to peers”.
- “The investment team lead, Simon Mawhinney is a self-assured investor who is building an encouraging track record in portfolio management.”
- “The Manager deserves due praise for maintaining a strong sense of self-belief and courage of investment view over the past two years which has been duly rewarded with stellar performance over the past year.”
- “The Fund delivered 35% for the year to December 2016. This is substantially ahead of both the Lonsec benchmark index, the S&P/ASX 300 Accumulation Index and the Lonsec peer median fund in the Australian large cap value group.”
It’s been a strong year for the Allan Gray Australia business and we look to continue to build on this.
Learn more about the Allan Gray Australia Equity Fund.
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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.
I imagine that it is not easy to consistently run in the opposite direction to the herd, cut out the noise and stay true to your conviction. Your short, medium and long term results show the benefits of your conviction and strategy.
Well done team, this is an accolade that has been well deserved and a long time coming.
Thanks Adam, we’re really pleased to have won the award.
Although it did take courage to stay invested in the year or two prior when you were under-performing but again shows how patience can win in the long run. Congratulations!
Thanks very much for sticking with us Sofie, we’re delighted to have won.