Investment Review – March 2018

Market Indicators

  • JSE All Share (ALSI) 55,474.52
  • Rand/Euro R 14.61
  • Rand/Pound R 16.61
  • Rand/US Dollar R 11.85
  • Rand/Aus Dollar R 9.10

How do fund managers think?

A large part of our fund research work focuses on trying to understand how a fund manager thinks. While most businesses want you to believe that it’s all about ‘philosophy’ or ‘process’, in reality it is people who manage funds and people who make investment decisions, not processes.

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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.