Investment Review – May 2020

Market Indicators

  • JSE All Share (ALSI) 50,483.00
  • Rand/Euro R 19.48
  • Rand/Pound R 21.66
  • Rand/US Dollar R 17.54
  • Rand/Aus Dollar R 11.70

Crisis? What Crisis?

While the world around us feels like it is falling apart, you might be forgiven for missing the fact that many investment markets, including our own, have mostly recaptured losses and in some cases are making new highs. How can the value of assets such as equities fall by 40% and then fully recover, all within a matter of weeks?

In this month’s commentary we take a look at the past 10 weeks, and how the market crisis has unfolded.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.