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| Where I Am? | Viewer ==> Offshore investing: Retirement Funds and Members | |||||||||||||
Sasfin Asset Managers |
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| Sasfin Asset Managers | Q1 of 2024 | 2 years ago |
Regulation 28 of the Pension Funds Act sets prudential investment limits for all retirement annuities and regulated retirement funds in South Africa. During his Budget speech in February 2022, the Minister of Finance announced that Regulation 28 would be amended to allow retirement funds to invest up to 45% of their fund assets in offshore assets. This change came into effect on 23 February 2022.
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Coronation Fund Managers was founded in 1993, by 18 group of investment professionals.Sygnia traces its roots when the asset manager African Harvest buys IQvest of Madga Wierzycka.Contego Asset Management s many unit trusts were consolidated into existing Anchor Capital unit trusts after being acquired by Anchor Capital in 2017. |
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| Disclaimer |
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| Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation. |