Glacier by Sanlam launches the Glacier Global Stock Feeder Fund
In partnership with global asset manager Dodge & Cox, Glacier is bringing investors the opportunity to invest in an actively managed global equity portfolio through the Glacier Global Stock Feeder Fund.
The fund is rand-denominated and invests directly into the Dodge & Cox Global Stock Fund (USD class), using Glacier’s asset swap capacity, which means investors will not have to externalise capital. The fund also provides a hedge against a weakening rand. The Dodge & Cox Global Stock Fund has been approved by the Financial Services Board for investment by local investors.
While the rand-denominated global fund universe is dominated by local asset managers applying their trade in offshore markets, Glacier believes there is a need to provide South African investors with access to the skill of true global asset managers.
