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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Orbis seeing ‘most exceptional discounts’ since the credit crunch

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Value-oriented fund manager Orbis Investments says it is capitalising on ‘the most exceptional discounts’ it has seen since the bottom of the global financial crisis, with concerns over the impact of the coronavirus on the global economy having been ‘swiftly reflected in stock prices’.
Alec Cutler, manager of the Orbis Global Balanced Fund (BJ02KY2), insists ‘the value we are seeing in markets at the moment is truly remarkable’, adding ‘this is easily the most attractive opportunity set I have seen in a decade’ for long-term investors.
Stocks added to the fund in the first quarter included ‘world-class businesses like Alibaba and Comcast at once-in-a-decade discounts’, as well as Walt Disney, although Cutler warns the turmoil ‘could still get worse, perhaps much worse.’
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