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‘Consume Income, Not Capital’ Mind-Set Risky for Consumers in Low Interest Rate Environment

The combination of a low interest rate environment and an ingrained reluctance amongst investors to finance consumption out of capital.

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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.