Investment Review – May 2021

Market Indicators

  • JSE All Share (ALSI) 67,964.04
  • Rand/Euro R 16.81
  • Rand/Pound R 19.53
  • Rand/US Dollar R 13.74
  • Rand/Aus Dollar R 10.63

The Infrastructure Drive

In September 2018, the South African government announced the Infrastructure Fund Initiative that is focused on transforming the country’s infrastructure. In a country bleeding from the fallout of the COVID-19 pandemic, many see sustained upgrades to South Africa’s infrastructure as the panacea that will kickstart the economy. But, will it work?

 

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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.