Easy routes to offshore markets have narrowed for some investors as two popular fund managers have reached their offshore asset ceiling and one large investment platform has implemented offshore limits. But there are still many other ways to gain exposure to offshore markets and South Africans needing this exposure would do well to take advantage of the current relative strength of the rand to diversify into international markets, asset managers say. Allan Gray has closed its popular Allan Gray-Orbis Global Fund of Funds and its Allan Gray-Orbis Global Equity Feeder Fund to new investments, while Foord closed its Global Equity Feeder Fund and its International Feeder Fund in 2016. These funds allowed investors to get the benefits of exposure to foreign markets while investing in rands, but local unit trust management companies are limited by the South African Reserve Bank to investing no more than 35% of their retail assets under management in offshore markets. In addition, Allan Gr...
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.