OFFSHORE INVESTING
Want to invest in Apple or Amazon? Here's who to speak to
Access to overseas-based asset managers may be profitable, but the tax and other practicalities can be daunting
Ask the average retail investor in SA what Dodge & Cox, Baillie Gifford, BlackRock and Schroders have in common and they’re more than likely to return a blank stare. Yet these global asset managers make Coronation, Old Mutual and Allan Gray look like small fry. So should they be a part of a truly diversified portfolio? Dodge & Cox has been running investment funds since 1930 and has almost 100 investment analysts focused on its global equity fund alone. The active-only asset manager has US$276bn (R3.6trillion) under management, with a track record "second to none", says Leigh Köhler, head of research at Glacier by Sanlam, which offers Dodge & Cox funds to SA investors. Says adds Andrew Brotchie, MD of Glacier International: "South Africans are comfortable with the brands and companies they know, but there’s a wealth of expertise out there. SA investors don’t really understand how big the offshore asset management industry is." Alex Funk, CEO of Cinnabar Investment Management, which ...
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