We are pleased to let you know that the Allan Gray Australia Equity Fund Class B (ETL0439AU) has been added to the Macquarie Investment Manager/Consolidator and the Macquarie Super Manager/Consolidator menu on Macquarie Wrap.
The Allan Gray Australia Equity Fund (Class A) was already available. This Fund charges a base fee and performance fee (albeit we have always taken a contrarian approach and charged a smaller base fee against our performance fee). The addition of our Class B Fund to the platform means advisers who use the Macquarie solutions can now access the same actively managed, contrarian Fund and choose to only pay management fees when we outperform.
The Allan Gray Australia Equity Fund Class B has been available in market since 2012. We believe in performance-based fees as they align client interests with our performance-driven culture. A performance fee is only payable where the Fund’s outperformance exceeds the high water mark, which represents the highest level of outperformance since the Fund’s inception.
A performance fee provides greater alignment between risk and individual reward. According to our Chief Operating Officer, Johan (JD) de Lange: “The aim of fund management should be to deliver outperformance. If this is the case, performance-based fees make sense. Our business will only survive if we do well for the client.”
You can see all the ways to invest with Allan Gray and all the platforms where the Fund is available, here.
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Equity Trustees Limited ABN 46 004 031 298, AFSL No. 240975 is the issuer of units in the Allan Gray Australia managed investment funds (Allan Gray Funds) and units in the Orbis Global managed investment funds domiciled in Australia (Orbis Funds).
Past performance is not a reliable indicator of future performance. There are risks involved with investing and the value of your investments may fall as well as rise. This represents Allan Gray Australia Pty Limited and Orbis Investment Advisory Pty Limited’s view at a point in time and may provide reasoning or rationale on why we bought or sold a particular security for the Allan Gray or Orbis Funds or our clients. We may take the opposite view/position from that stated, as our view may change. This article constitutes general advice or information only and not personal financial product, tax, legal, or investment advice. It does not take into account the specific investment objectives, financial situation or individual needs of any particular person and may not be appropriate for you. Before deciding to acquire an interest in the Allan Gray or Orbis Funds, or before making any other investment decision, please read the relevant disclosure document available on this website. We have tried to ensure that the information here is accurate in all material respects, but cannot guarantee that it is. Target Market Determinations (TMDs) for the Allan Gray products can be found at
allangray.com.au/PDS-TMD-documents,
while TMDs for the Orbis Funds can be found at www.orbis.com.au on the 'Forms' page under 'How to Invest'. Each TMD sets out who an investment in the relevant Allan Gray or Orbis product might be appropriate for and the circumstances that trigger a review of the TMD.
You should consider such funds’ Product Disclosure Statement (PDS) or Information Memorandum (IM), as applicable, before acquiring or disposing units in such funds’. The PDS or IM can be obtained from www.orbis.com.au and www.allangray.com.au.