Investment Review – April 2024

Market Indicators

  • JSE All Share (ALSI) 76,076.17
  • Rand/Euro R 20.10
  • Rand/Pound R 23.54
  • Rand/US Dollar R 18.81
  • Rand/Aus Dollar R 12.20

Market Movers

In this month’s article we look at how stock markets compete against each other for investor capital, and why some markets and companies grow at the expense of others. This has implications for portfolio construction and risk management as we look to optimize client portfolios to best access a shifting global investment opportunity.

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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.