Unique rand-denominated fund offers SA investors global exposure
Keen to invest in Asia, Latin America and the UK? South Africans looking to expand their investment horizons with a portfolio that includes some of the most promising international equities now have the opportunity to participate in a rand-denominated collective investment scheme from Sanlam Investment Management (SIM). The SIM Global Best Ideas Feeder Fund is managed by one of the worlds leading fund managers, Kokkie Kooyman, whose hands-on due diligence and prudent stock picking have resulted in some of the best performing funds internationally.
Recently launched, the SIM Global Best Ideas Feeder Fund invests in global equities that are considered undervalued and offering above average growth potential. Currently invested in Asia (48 percent), the USA (14 percent), Latin America (7 percent) and the UK (6 percent), among other countries, the funds major holdings include Dell (USA), Global Green Tech (Hong Kong), Great Wall Motors (China), Chinese Estates (Hong Kong) and Chesapeake (USA), as of July 31, 2007. Since it was launched in September 2004, the SIM Global Best Ideas Fund has outperformed the MSCI by more than 70 percent.
"At SIM Global, we focus our time, energy and expertise on discovering undervalued companies around the world which offer outstanding long-run capital growth," said Kokkie Kooyman, portfolio manager for the SIM Global Best Ideas Feeder Fund. "Having a rand-denominated fund with broad international exposure provides South African investors with a gateway to a larger universe of fantastic investment opportunities."
With the JSE accounting for less than two percent of market capitalisation among stock exchanges around the world, the SIM Global Best Ideas Feeder Fund gives South African investors a simple and economical way to invest in a select set of equities from among various countries and sectors with no foreign exchange tax clearance required. Considered a specialised, high conviction, moderate to high risk portfolio, the SIM Global Best Ideas Feeder Fund requires a minimum investment of either a R5000 lump sum or R1000 monthly.
