Investment Review – April 2018

Market Indicators

  • JSE All Share (ALSI) 58,252.12
  • Rand/Euro R 15.07
  • Rand/Pound R 17.16
  • Rand/US Dollar R 12.48
  • Rand/Aus Dollar R 9.41

Implications of Land Reform for local investors

Investors and the public at large will note with some anxiety the prospect of ‘land expropriation without compensation’ as a targeted policy by the ruling party. In this article we assess the potential outcomes of this policy on investor portfolios, and where both opportunities and threats may exist.

(Click link to download PDF)

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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.