WEALTH WATCH
STEPHEN CRANSTON: Growth strategy adds weight to UK-based multi-asset Schroders
While it may be smaller than other global funds, its Absa partnership makes access easy
Among the world’s megamanagers, Franklin Templeton has made the strongest effort to build a brand among SA’s trustees and financial advisers. BlackRock has registered some of its index funds out of the iShares range, but it only has an office in Cape Town on the South African mainland. Schroders is smaller than those two, but has a better growth strategy. It accesses the government and parastatal market through a joint venture with black-owned Argon Asset Management. And in the retail market, it has joined up with Absa, which has two feeder funds into the Schroders global core fund as well as the global value fund. If anybody hasn’t been able to hear the Schroders message, they won’t be able to miss it when it is conveyed by Absa Investments boss Armien Tyer, the human megaphone. I was given a virtual tour of Schroders by Doug Abbott, who heads business development for the firm in SA. Its asset under management of £418bn would be similar to the entire South African retail and instit...
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