Zenith upgrades two Allan Gray’s funds
Zenith has upgraded the two of Allan Gray’s funds, the Allan Gray Australia Equity Fund and the Allan Gray Stable Fund, to its highest rating of ‘highly recommended’.
The Australia Equity Fund, which invested in shares offering value, regardless of benchmark weight, was praised for being well placed to meet its investment objectives.
At the same time, the Australia Stable Fund was appreciated for the discipline “needed to implement a contrarian investment style.”
The Australia Stable Fund adopted the strategy according to which it had 100 per cent of its portfolio invested in cash and money market instruments and could never had more than 50 per cent invested in shares. It also aimed to outperform the RBA cash rate over the long term but with a lower degree of volatility compared to the sharemarket.
“We are extremely proud of the continued hard work and stringent discipline of the whole team at Allan Gray who work together to deliver on our purpose of building long-term wealth for our clients,” Allan Gray’s chief operating officer, JD de Lange, said.
According to FE Analytics, the Allan Gray Australia Stable Fund returned 6.14 and 6.51 per cent for the five and three year period, respectively.
AUTHOR
Oksana Patron
Recommended for you
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
Philanthropic investment group Future Generation’s CEO, Caroline Gurney, will step down from her role at the start of next year.
The newly combined L1 Group is expectant of stabilising Platinum’s falling funds under management within the next 18 months, unveiling four growth pathways and a $330 million equity raise.
Janus Henderson Investors has launched a global small-cap fund for Australian investors, which includes a 5.4 per cent weighting to Australian equities.
