Luxembourg, one of the official EU capitals, is positioning itself as a gateway for South African asset managers to tap into European capital as uncertainty over Brexit continues. It is also hoping to cash in on South African investors’ increased appetite for international exposure. The Association of the Luxembourg Fund Industry (Alfi) hosted a two-day roadshow in SA, which will end in Cape Town on Wednesday. The association’s deputy director-general, Anouk Agnes, said appetite for investing in Africa among European investors presented an opportunity for South African asset managers to raise the much-needed capital for infrastructure. She said Luxembourg, being a specialist in investment funds, would enable South African managers to reach investors in 70 countries where Luxembourg domiciled funds are sold. “Through these funds, South African managers can reach European investors and other investors abroad, including Asia and Latin America. They can pull investments from investors a...

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