A change in the name but everything else stays the same.

The Allan Gray Australia Opportunity Fund has changed its name to the Allan Gray Australia Stable Fund.

While the Fund name is changing, everything else is staying exactly the same. We will continue to use the same strategy to manage the Fund and provide access to all the same information as before.

The reason for the name change is that we believe ‘Stable’ better describes the Fund. With a minimum of 50% of its portfolio in cash (and on average around 70%) and the remainder in select shares, the long-term performance of the Fund has been far less volatile than the sharemarket.

For more information on the change of Fund name, or to chat about anything else, please visit the Fund web page or don’t hesitate to get in touch with our Client Services team on 1300 604 604 or +61 2 8224 8604.

 

JD de Lange holds a B. Proc Degree (University of Pretoria) and is an admitted attorney and CFP in South Africa.