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Glacier by Sanlam launches the Glacier Global Stock Feeder Fund

20 March 2017Glacier by Sanlam

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.

 

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QUESTION

There may be a shock on the cards on 21 Feb when the Finance Minister announces that there will be a 2% VAT increase. What effects will this have?

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It will generate the much needed tax revenue that government needs to address its widening budget deficit. It’s a good choice.
It will weaken the ANC. They rely on the poor vote and the poor will be most affected by the VAT increase. The ANC must tread carefully here.
There will be little change. It is just more money for government fat cats to pocket.
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