The Allan Gray Balanced fund is one of the best performing unit trusts in the balanced fund arena.
The Allan Gray Balanced Fund is a unit trust that focuses on long term capital appreciation by investing in a mix of assets which comply with retirement fund investment limits.
Returns are likely to be less volatile than those of equity funds. This unit trust’s objective is to establish long-term wealth for investors. It aims to outperform its peers in its sector (multi asset, high equity) without assuming more risk. The fund’s strategy is to buy shares at a discount to their intrinsic values and to vary the fund’s exposure to the different asset classes in order to enhance returns and manage risk.
Are comfortable with taking on a little risk of market fluctuations.
Want a fund that complies with the regulations of retirement funds.
Have an investment horizon of three or more years.
The fund aims to outperform the market value-weighted average return of funds in the fund category: South African – Multi Asset – High Equity.
This unit trust would be suitable for retirement annuity investments as it complies with the relevant RA regulations. This fund has exposure to shares (max 75%), bonds, commodities, property and cash. In order to reduce net equity exposure, derivatives contracts on market indices may be used. The fund can have up to 25% offshore exposure.
The top three share holdings are Sasol, British American Tobacco, and SAB Miller. The top ten share holdings make up approximately 27% of the portfolio. The fund has 55.7% exposure to net equity. It also has maximum exposure to foreign assets, as is allowed under the limits governing retirement funds.