So, let’s start with a blank piece of paper. Thank you for joining us.Īlec Cutler (AC): Thanks, great, thank you for having me.ĬS: As I’ve just suggested, this is a brand new fund for our listeners. Today’s guest introduces a newly Rated fund, shares his contrarian views on markets and highlights a range of topics including how historical inflation is like building a cake, why gold is the original cryptocurrency and how ESG is causing a divide between the East and West - it’s certainly not an interview to be missed.Ĭhris Salih (CS): Hello, I’m Chris Salih, investment research analyst at FundCalibre, and today I’m delighted to be joined by Alec Cutler, manager of the Orbis Global Balanced fund which has just been given an Elite Rating. Staci West (SW): Welcome back to the ‘Investing on the go’ podcast brought to you by FundCalibre. For more information on the people and ideas in the episode, see the links at the bottom of the post. The fund may or may not still hold these companies at your time of listening. It’s not a recommendation to buy or sell. Please remember we’ve been discussing individual companies to bring investing to life for you. Please check the corresponding audio before quoting in print, as it may contain small errors. The unique charging structure of the fundīelow is a transcript of the episode, modified for your reading pleasure.The impact of ESG on the East/West divide.The reintroduction of bifurcation and the “Cold War”.The importance of managing currency risk.The attractive nature of TIPS - Treasury Inflation Protected Securities.What is ‘Greenflation’ and how it’s impacting the economy.How defense spending, technology and anchoring all influence inflation.How historical data influences today’s inflation.Why 2% inflation doesn’t make any sense.Four past contrarian examples in technology, including Microsoft and Apple.The asset allocation and philosophy of the fund.Introduction to the Orbis Global Balanced fund and philosophy.Manager Alec Cutler believes one of the key advantages of the portfolio is the ability to focus on best ideas and making them “fight for capital”, with every holding needing to be an active contributor to the fund. Orbis Global Balanced scours the world for the best investment opportunities across a number of asset classes including equities, fixed income and commodities. Alec emphasises the attractiveness of gold and its role in the portfolio, arguing that gold is the original cryptocurrency because it was "issued by God." We shift to de-globalisation and Alec elaborates on why he believes we’re seeing a “resumption of the Cold War” with a growing divide between the East and the West - and how ESG issues are playing a role Regarding the outlook for a recession, Alec explains that, as a contrarian investor, he looks for opportunities in areas that have been battered in the market, telling us more about where he’s currently finding opportunities.In the second half of the interview, the conversation focuses on the bond market, gold, geopolitical concerns, and the unique charging structure of the fund. Self-proclaimed contrarian investor, Alec, highlights the importance of patience and being comfortable with being alone and potentially being wrong - or early - in investment decisions.We shift to the ever-present topic of inflation, with Alec expressing scepticism about the Federal Reserve's ability to control it and highlighting several current - and historical - inflationary pressures. To learn more about the Fund, and to read the Fund's Product Disclosure Statement, please visit the Fund information page.Alec Cutler, manager of the newly award Elite Rated Orbis Global Balanced fund, joins us today to provide a brief introduction to the fund's philosophy, the unique charging structure of the fund and its approach to targeting long-term returns, before turning to macro events. The Fund has outperformed its benchmark since its inception on 1 January 1990 achieving a net return of 11.1% per annum compared to the FTSE World Index return of 6.3% per annum (returns in USD).Īustralian and New Zealand retail investors can now access the same global equity expertise through an Australian registered fund, which has been available to Australian wholesale investors since 2005. International investors have been investing in our flagship Global Equity Fund for more than 25 years. Our worldwide team comprises over 400 professionals, with over 60 investment specialists based in Bermuda, Hong Kong, Lausanne, London, San Francisco and Sydney. Orbis is an international contrarian investment firm managing approximately AUD 35 billion in global and regional equity funds. Today, we welcome Orbis Investment Management to mFund. Orbis Investment Management joins as a new fund manager
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |