Investment performance in 2019

Over the past few years, investment returns on the Johannesburg Stock Exchange have generally been very poor. It has been a very difficult time for even the best fund managers. So how has 2019 faired?  The good news is that so far 2019 has shown signs of improvement in investment returns.

Here are some examples of performance from 1st January 2019 to 31st October 2019 [Figures supplied by Morningstar as at 31st October 2019]

  • Ashburton Diversified income fund: 8.39%
  • Coronation Strategic Income Fund: 7.54%
  • Investec Diversified Income Fund:  6.59%
  • Marriott Core Income Fund: 7.81%
  • Prescient Income Provider Fund: 7.08% %
  • Allan Gray Stable Fund: 6.85%
  • Coronation Balanced Defensive Fund 9.34%
  • Coronation Capital Plus Fund: 9.28%
  • Investec Cautious Managed Fund: 10.35%
  • Allan Gray Balanced Fund: 5.53%
  • Coronation Balanced Plus Fund: 11.15%
  • Foord Balanced Fund: 10.72%
  • Investec Opportunity Fund: 12.18%

Allan Gray passes away!

Rob Formby, the Chief Operating Officer of Allan Gray: “It is with deep sadness that we share the news of the death of Allan William Buchanan Gray on 10 November 2019, of natural causes. Our first thoughts are with his family, and with them, as colleagues and friends, we are mourning the passing of a man who made an immeasurable impact on many lives as an entrepreneur, investor and philanthropist. He has earned his rest.

Allan leaves behind a lasting legacy. He founded Allan Gray and Orbis with the singular purpose of creating long-term wealth for clients and the firms continue to be guided by Allan’s strong values and his philosophy and approach to investing. He saw philanthropy as a natural extension of the impact that the investment business aims to make in people’s lives, spending considerable focus and energy later in his career on philanthropic endeavours. His last years were spent setting up the Allan & Gill Gray Foundation, having donated his family’s controlling stake in the Orbis and Allan Gray groups to the Foundation.”

Christmas Shutdown

Our offices will close for the festive season on Friday 13th December 2019 and will re-open on Monday 6th January 2020.

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