Absa lauds UK asset management ties
JOHANNESBURG, (CAJ News) – ABSA Active Asset Management says its recently announced partnership with United Kingdom-based Schroders will give local investors a wider choice and access to global equities beginning of November.
The partnership, which will culminate in local investors access the Global Recovery Fundis in addition to the Global Core Equity Fund the two firms launched last month.
“These two funds are in line with our strategic intent to ensure ongoing competitiveness in offering offshore investment products and solutions on a standalone basis. Our clients will now have access to the two equity portfolios that can be accessed in three formats – either individually or part of the balanced or absolute return offerings,” says Armien Tyer, Head of the Investment Cluster at Absa.
The Global Core Equity Fund is said to offer local investors core exposure to Global Equities in a portfolio which has a long track record of outperforming the index without taking too much benchmark relative risk. Robin Stoakley, the CEO of Schroders Mutual Fund Business, says the strategy is for investors who want a core allocation to global equities which aims to produce steady outperformance of the MSCI World index over time.
– CAJ News
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