Local is lekker, if a bit confusing
Asisa has spearheaded the drive to strictly domestic-based unit funds since October 1 2024
27 February 2025 - 05:00
A big issue during my stint in the mutual fund trade press was the crying need for a South Africa-only category for unit trusts. This is particularly true for equity funds. It was confusing for most financial advisers — let alone the layperson — that a “domestic” equity fund could have as much as 45% invested in international shares.
And even in the 55% that had to be invested on the JSE, there was very little restriction on how much was invested in dual-listed shares such as Prosus, Richemont, British American Tobacco and Anheuser Busch-InBev. ..
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