Easier to go offshore
The number of options is increasing for investors wanting to move their money abroad, writes Johann Barnard
Local investors need not be concerned about a lack of options when considering offshore exposure. A steady relaxation of forex controls provides generous enough foreign capital allowances, complemented by a growing number of funds and platforms offering direct exposure to global markets. Investors have little excuse not to consider broader diversification of their portfolios. They have long been able to explore offshore options through rand-denominated collective investment schemes, but there has been considerable movement of late from local institutions offering direct ownership of offshore assets. In the past few months Sasfin has launched a global equity fund domiciled in Luxembourg and Purple Group has expanded its online share trading platforms to include direct ownership of New York Stock Exchange-listed stocks and exchange traded funds (ETFs). Sygnia has bought out Deutsche Bank’s globally focused db X-tracker ETFs and Satrix listed three new ETFs of a comparable profile to S...
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