Offshore asset managers raise their profiles in SA — but why?
Strong local competitors with household names will not give up their market share without a fight
The number of international, or “offshore”, investment managers competing in SA has increased in the past few years.
Among the top 20 largest asset management businesses globally, companies such as BlackRock, Fidelity Investments, BNY Mellon Investment Management, Goldman Sachs Asset Management and T Rowe Price have increased their activity in SA. But there has also been increased activity among other companies that have been operating in SA for a number of years. These include Aberdeen Standard, Franklin Templeton, Schroder Investment Management, Columbia Threadneedle Investments, Dodge & Cox, Sarasin, Fundsmith and Baillie Gifford.