Investment Review – January 2021

Market Indicators

  • JSE All Share (ALSI) 62,472.10
  • Rand/Euro R 18.39
  • Rand/Pound R 20.76
  • Rand/US Dollar R 15.15
  • Rand/Aus Dollar R 11.57

The story of GameStop, democratic investing and being caught by the mob

This is a story about what the frenzy of crowds can do when sufficiently organized and have little to lose. In January 2021, GameStop shares soared almost 2500%, or 25x your initial investment. Share prices rarely make headline news, but this time was different.

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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.