Local investing

We offer a small range of unit trusts that we believe meets the needs of most investors. Here we offer details about the characteristics of and investment choices within these unit trusts, as well as some insights into unit trust investments in general.

Articles in "Local investing"

Two decades for the Allan Gray Balanced Fund

By Duncan Artus on 07 Nov 2019

reading time: 7 mins

The Allan Gray Balanced Fund celebrated its 20-year anniversary on 1 October 2019. The local industry looks vastly different today to how it looked two decad...

Is it time for equity investors to party like it’s 2002?

By Duncan Artus on 30 Jul 2019

reading time: 4 mins

Not quite, says Duncan Artus.

Is it 2002 all over again? Not quite

By Duncan Artus on 29 Jul 2019

reading time: 6 mins

Domestically focused shares that are exposed to the local economy have underperformed the overall market. Duncan Artus investigates whether the current...

Valuations matter

By Andrew Lapping on 11 Jun 2019

reading time: 12 mins

Uncertainty abounds at present. Equity returns for the past few years have been underwhelming, political upheaval locally and internationally is causing wave...

Balanced Fund update: An improved opportunity set

By Andrew Lapping on 03 May 2019

reading time: 4 mins

The poor sentiment towards equity markets at the end of 2018 reversed sharply in the first quarter of 2019, with the JSE appreciating 8% and the MSCI World...

Stable Fund: Are we meeting our objectives?

By Stephan Bernard and Radhesen Naidoo on 29 Apr 2019

reading time: 11 mins

The investment environment over the last few years has been particularly challenging, causing the Stable Fund’s return to be more volatile than it has been...

Is a money market fund right for you right now?

By Earl Van Zyl on 05 Apr 2019

reading time: 5 mins

Money market unit trusts have become popular as they appear to provide a safe, secure and reliable haven for your investments. During times with extreme...

The dash for cash

By Duncan Artus and Nathan Wridgway on 28 Feb 2019

reading time: 4 mins

The end of the calendar year often leads to reflection on how one’s investments have performed. Many savers are questioning the wisdom of investing in South...

The year of payback

By Duncan Artus on 15 Feb 2019

reading time: 4 mins

Excess returns from the FTSE/JSE All Share Index (ALSI) relative to cash have disappointed over the last five years, with cash now outperforming, on average....

Equity Fund update: Taking a look at British American Tobacco

By Ruan Stander on 08 Feb 2019

reading time: 3 mins

2018 was a disappointing year for South African equity investors, with the FTSE/ JSE All Share Index returning -9%. The good news is that based on our resear...

Is it time to invest in listed property?

By Mark Dunley-Owen on 25 Jan 2019

reading time: 10 mins

There is a perception that we do not regard listed property as an attractive investment for our clients. This is not the case. It is, however, true that our...

The upside of down markets

By Andrew Lapping on 11 Jan 2019

reading time: 7 mins

2018 was not a good year for investors with price declines in many asset classes. The FTSE/JSE All Share Index (ALSI) fell 8.5% in 2018, or 21% when measured...

Understanding recent performance

By Andrew Lapping on 07 Dec 2018

reading time: 6 mins

2018 was a difficult year for investors with most asset classes falling in price. The prices of all assets are volatile; the only asset to seemingly lack...

Is cash king?

By Catherine Robberts on 22 Nov 2018

reading time: 4 mins

It has been a good few years for cash. Over the past three years cash (i.e. highly liquid assets, like money market funds and fixed-interest assets, such as...

Allan Gray Equity Fund's 20th Anniversary

By Julie Campbell on 17 Oct 2018

reading time: 13 mins

If you had invested R1 000 in the Allan Gray Equity Fund when it was launched on 1 October 1998, it would be worth R56 572 today (at 30 September 2018). A...

Structural challenges to business models

By Duncan Artus and Tim Acker on 15 Jun 2018

reading time: 4 mins

At the core of our investment philosophy we look for companies we believe are priced below our estimate of their true worth and sell them when they reach fai...

Are you overly exposed to China?

By Duncan Artus on 13 Jun 2018

reading time: 7 mins

As South African investors we are very tuned into the local political and economic risks that we face. But what about the less obvious risks?

Equity Fund update: Volatility presents opportunity

By Ruan Stander on 25 Jul 2016

reading time: 3 mins

The economic outlook deteriorated during the second quarter, exacerbated by the British referendum. Although the market’s perception of near-term headwinds m...

Annual report from the outgoing Chief Investment Officer

By Ian Liddle on 01 Mar 2016

reading time: 5 mins

Adapted from the Chief Investment Officer’s comments, which will appear in the Allan Gray Unit Trust Annual Report, 2015. These are Ian Liddle’s final Annual...

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