The Allan Gray Orbis Global Fund of funds invests in underlying funds by Orbis, not exceeding an equity portion of 75%. The Allan Gray Orbis Global Optimal Fund of Funds is also amongst the funds which this fund is made up of. The fund is invested offshore, but trades in rands.
Want a significant part of their investment in global equities
Benchmark
The Allan Gray Orbis Global Fund of Funds' benchmark is a composite of indices: 60% FTSE World Index, including income, and 40% JP Morgan Global Government Bond index.
Strategy of Allan Gray Orbis Global Fund of Funds
The Allan Gray Orbis Global Fund of Funds invests 46% of its assets into global equities, 46% of its assets into global hedged equities and 8% into financial markets.