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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 | 3 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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Around 2020, after embroiled in exceeding maximum pension mandated investments , asset manager JM Busha , did not recover and exited the unit trust industry.With more than 400 co-managed unit trusts , BCI is by far the biggest administrator of unit trusts in SA as of 2020s.Deutshe Group s Db-Trackers sold local Itrix Etfs to Sygnia in a R350 million deal in 2017. |
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| Disclaimer |
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| Our unit trusts prices captured in and around the end of each month and are rounded off to the nearest full 1 cent. |