Orbis Investments OEIC funds

Our Investment Funds

We offer two actively managed global funds using our fundamental, long-term and contrarian investing approach.

Our Proven Investment Approach

Thinking Differently

To deliver good results in the long term, you can’t just follow the crowd.

When a company seems to have been overlooked by other investors or becomes unfashionable we become interested. Not to be contrarian for the sake of it, but just to see if other investors have missed something. Like all investors, we don’t always get it right. But when we do, it’s the bargains that others have missed that make your investment grow.

Looking Closely At a Business

How can we tell if a business is undervalued?

Before we invest, we take a microscopic look at the numbers and get to grips with the company's history, management, products and competition. Because when assessing a company’s true value, we think solid business fundamentals like these are far more important than short-term fluctuations in share price.

Taking A Long-Term View

If you’re in it for the long run, we might just be your kind of people.

It can take years for companies we invest in to realise their true worth. But we're prepared to wait until they do. To get the most out of Orbis, our client’s need to be prepared to be patient. This style of long-term investing isn’t for everyone.

A Simple Philosophy

Put simply, we want to buy shares for much less than they are worth. Shares are nothing more than fractional ownership interests in a business. If our analysts can truly understand the fundamentals of a given company, we can determine whether the price the stockmarket is offering is cheap or expensive relative to the intrinsic value of the business.

Compelling investment opportunities often arise when investors place too much emphasis on short-term developments at the expense of long-term fundamentals.

Total Duration: 4:07

As the video illustrates, capitalising on excessive pessimism lies at the heart of our investment philosophy. We believe that share prices must ultimately reflect intrinsic value and we are prepared to wait patiently until our investment thesis plays out. We recognise that even the best stockpickers tend to be wrong about 40% of the time, so we seek to mitigate permanent losses of our clients’ capital when this occurs.

It is a simple philosophy to grasp, but difficult to execute. We have deliberately structured the firm to enable us to make decisions that are consistent with this philosophy. This includes an alignment of interests with clients, a culture of individual accountability and a focus on sustainability.

Global Equity Fund

Morningstar

Our Global Equity Fund has received a five-star rating as at

This fund uses the Orbis Global Equity investment strategy which Orbis has been running since 1990 and has around £17bn under management.

The goal of the Global Equity Fund is to deliver higher returns than global stockmarkets over the long term, without taking on greater risk of loss. To do this, the fund primarily invests in shares of publicly listed companies, which may be located anywhere in the world, in any industry.

This fund is for people who wish to invest for at least 5 years.

Global Balanced Fund

Morningstar

Our Global Balanced Fund has received a five-star rating as at

The fund is designed for investors who prefer a slightly lower risk fund than the Global Equity Fund.

The goal of the Global Balanced Fund is to balance income generation, capital growth and risk of loss using a diversified global portfolio. To do this, the fund primarily invests in shares of publicly listed companies and bonds issued by companies and governments located anywhere around the world. It can also indirectly invest in commodities. The fund does not aim to generate a significant level of income and does not target a specific yield.

This fund is for people who wish to invest for at least 3 years.

The value of your investments may go down as well as up, so you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results.

How Do Our Funds Compare

Global Equity Fund Global Balanced Fund

Objective

Aims to deliver higher returns than global stockmarkets over the long term, without taking on greater risk of loss

Aims to balance income generation, capital growth and risk of loss using a diversified global portfolio

Profile

Those investing 5 years or more and who can accept exposure to trends in world stockmarkets, with risk of loss

Those investing 3 years or more and who prefer a slightly lower risk fund than the Global Equity Fund. This fund does not aim to generate a significant level of income and therefore may not be appropriate for those seeking a regular income stream.

Risk Level

Investments generally decrease or increase in value by up to 15% per year – but potentially more

Investments generally decrease or increase in value by up to 10% per year – but potentially more

Benchmark

MSCI World Index

60% MSCI World Index
40% JP Morgan Global Government Bond Index

Fees

Performance based

Performance based

Minimum Investment

£1

£1

Assets Type Target Allocation

100% global equities

40% - 85% global equities
No more than 50% bonds, cash and cash equivalents
No more than 10% commodity-linked instruments

Interested in finding out more about our funds?

See our Global Equity Fund
See our Global Balanced Fund

How to invest in our funds

You can invest in our two funds via a number of fund platforms: AJ Bell, Ascentric, Aviva, Canada Life International, Novia, Old Mutual International, Raymond James and Transact.

If you would like our funds listed on another platform, please contact us.