While not well known in Australia, contrarian investing has a long history and some notable advocates. At Allan Gray, being contrarian means buying an investment when we believe its undervalued in a less optimistic environment, and aim to then sell it when its price has improved. We actively look to buy shares that others are selling and sell when others are buying. Why? Because if you buy and sell the same shares as the majority of investors, at the same time, it is by definition almost impossible to outperform the market. Our contrarian approach is not about being different just for the sake of it, but driven by performance and a desire to succeed. To seek better-than-average returns, you need independent thinking. You can’t just follow the herd. This presentation will give you an understanding of the Allan Gray contrarian investment approach.
The Allan Gray Australia Equity Fund seeks to provide long-term returns that are higher than the Benchmark - the S&P/ASX 300 Accumulation Index. Chris Hestelow joined Allan Gray as a Research Associate, before moving into the Relationship Manager role. Prior to joining Allan Gray, he worked at BT Financial Group, where he held a number of management roles across the Insurance and Superannuation businesses.
Disclaimer
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- • These presentations were made as at 25-27 July, 2023 and therefore relevant facts, the economic environment, governing documentation and the law upon which they were based may change after that date such that the accuracy and reliability of their content may be affected.
