We’d like to thank Lonsec and Money Management for acknowledging us at the recent 2017 Fund Manager of the Year Awards.
To be awarded Fund Manager of the Year for the Australian Equities (Broad Cap) category was a great testament to the team’s patience and hard work.
In particular, Lonsec’s comments were appreciated:
- “Allan Gray employs a long-term focused, fundamental ‘bottom up’ investment research process to identify undervalued companies.”
- “The Fund holds a number of attractions and offers investors a genuinely differentiated ‘benchmark unaware’ offering in the market place managed by a relatively unconventional team compared to peers”.
- “The investment team lead, Simon Mawhinney is a self-assured investor who is building an encouraging track record in portfolio management.”
- “The Manager deserves due praise for maintaining a strong sense of self-belief and courage of investment view over the past two years which has been duly rewarded with stellar performance over the past year.”
- “The Fund delivered 35% for the year to December 2016. This is substantially ahead of both the Lonsec benchmark index, the S&P/ASX 300 Accumulation Index and the Lonsec peer median fund in the Australian large cap value group.”
It’s been a strong year for the Allan Gray Australia business and we look to continue to build on this.
Learn more about the Allan Gray Australia Equity Fund.
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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.
I imagine that it is not easy to consistently run in the opposite direction to the herd, cut out the noise and stay true to your conviction. Your short, medium and long term results show the benefits of your conviction and strategy.
Well done team, this is an accolade that has been well deserved and a long time coming.
Thanks Adam, we’re really pleased to have won the award.
Although it did take courage to stay invested in the year or two prior when you were under-performing but again shows how patience can win in the long run. Congratulations!
Thanks very much for sticking with us Sofie, we’re delighted to have won.