Institutional mandates

Allan Gray Botswana currently offers its clients four different mandates, all on a segregated basis:

  • Global balanced, incorporating equities and fixed interest and investing in Botswana and offshore
  • Global stable (low equity balanced mandate)
  • Botswana only
  • Foreign only (via the Allan Gray and Orbis funds)

Composite and benchmark performance (BWP) at 30 June 2024

Fund Since
Inception (%)
Years (%)
Years (%)
Years (%)
Years (%)
Year (%)
Global Balanced 11.7 8 11.2 12.1 17 16.3
Benchmark 10.3 7.3 9.3 10 15.4 15
Global Stable 9.9 6.6 9.1 9.5 13 12.2
Benchmark 9.1 5.8 7 8 12.2 12.2
Domestic Equity 9.1 - 11.3 16.4 18.1 23.2
Benchmark 8.5 - 12.2 22.5 24.4 26.8
Domestic Balanced * 11.7 7.3 8.5 12.8 16.5 22.5
Benchmark 8.8 5.4 8.2 14.1 15.7 17.8
Domestic Fixed Interest ** 6.7 4.9 5.4 6.5 7.7 10.2
Benchmark - - - - - -

*The Domestic Balanced Composite terminated in July 2017 and the Global Balanced Composite returns were used as estimates from 1 July 2017. The Domestic Balanced Composite was reinstated in April 2022 and the Domestic Balanced Composite returns have been used since reinstatement.

**The Domestic Fixed Interest carve out returns of the Domestic Balanced Composite.


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