In addition to our range of Australian equity Funds we offer your clients exclusive access to the Orbis Global Funds, which share the same long-term, contrarian investment approach and remain privately-owned companies founded by Dr Allan Gray.
We are delighted to share that we are a proud supporter of the Portfolio Construction Strategies Conference 2019 on 21-22 August and that Charles Dalziell, Investment Director at Orbis Australia, will present on the topic “Complacency kills: the party is over for growth investing”.
Charles will cover the underperformance of value stocks against growth stocks that has occurred in the US over the last twelve years – the longest stretch of underperformance in living memory. A number of theories have been put forward as to why, and also why some people believe this is the new normal. Charles will show that these theories are contradicted by historical data and neither technological change nor interest rates explain the last 12 years; rather, we have just come through a period where the starting valuations favoured outperformance of growth stocks. We now we face a future where valuations heavily favour value stocks and the data shows that value has a greater than 85% chance of outperforming growth from here.
The Portfolio Construction Strategies Conference is the pre-eminent investment conference in the industry calendar. It will challenge your portfolio construction thinking, by debating contemporary and emerging portfolio construction approaches – with an emphasis on looking at the issues that will dominate the 2020s and beyond. The depth of learning available and speaker line-up is always second to none.
As an added bonus, by attending the live program in full delegates can earn 12 CE hours. In addition, after the program delegates can earn a further eight CE hours by attending online the sessions they didn’t catch live.
Click here to learn more about the event and to register to attend. The team at Allan Gray & Orbis look forward to seeing you there!