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Schroders today announces it has been granted a Category 1 Financial Services Provider (“FSP”) licence, which will enable it to offer global investment services directly to South African clients. Schroders has had a presence in South Africa since 2015 and until now has operated in partnership with Argon Asset Management in the institutional market. Schroders will continue to work with Argon on clients acquired through that partnership.
In a world of fragile economies, there has been an investment awakening among the public who want to ensure that their financial future is being taken care of.
A “rapidly growing” number of investors across South Africa are looking at international opportunities in light of the “incredible uncertainty” due to the many political and economic challenges facing the country.
In the latest Allan Gray Africa ex-SA Bond Fund, Nick Ndiritu, portfolio manager at Allan Gray, discusses how African markets have been vulnerable in the last quarter to the widespread sell-off in emerging and frontier markets.
The strongest deterrent against FSP compliance missteps is or should be: