There is some comfort for SA investors wishing to invest offshore, writes Johann Barnard, in the knowledge that the routes to achieving that goal have grown in tandem with the decline in forex restrictions, With the annual foreign investment allowance set at R10m, the scope for taking money abroad to invest is considerable. It is obviously wise to speak to a financial adviser, and a tax consultant, to determine the route that best suits your circumstances. But once that hurdle has been cleared, local investors are spoiled for choice. Many rand-denominated unit trusts provide exposure to offshore assets. Similarly, investors could elect to invest via exchange traded funds (ETFs) that offer exposure to offshore index funds or trackers. BayHill Capital, part of the Peregrine Group, offers a variation on vanilla ETFs that track global stocks, markets or indexes. Company MD Geoff Blount explains that its actively managed ETF portfolios are essentially baskets of offshore ETFs structured ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.