Local asset managers hope to hold their own against foreign funds

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Local asset managers hope to hold their own against foreign funds
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Global asset managers are increasing their activity in SA as more locals want to take their money offshore

Global companies are increasing their activity in SA as more locals want to take their money offshoreThe Financial Sector Conduct Authority has given UK asset manager Schroders the green light to offer four more funds in the SA market.

Edinburgh-based Baillie Gifford is getting three more of its funds approved by the FSCA, and US Franklin Templeton, which opened its office in the country 24 years ago, recently got approval to launch two retail hedge funds.PremiumA subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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