The Life Transnational Equity Fund allows increased global exposure through a low-fee, actively managed fund.
Regulations have long constrained the amount South Africans can take directly offshore and how much we can externalise inside our retirement and living annuities. Those constraints are about to get even tighter because of the JSE’s index harmonisation.
We plan to launch a sister fund, the Sygnia Transnational Equity Unit Trust, shortly. This fund will mirror the Sygnia Life Transnational Equity Fund in terms of holdings and foreign revenue exposure. The only difference is that the fund will be wrapped in a unit trust, not an investment policy.For any investor scrambling to get money offshore, the JSE’s increasing focus on domestic stocks in its indices is not welcome news.
The new Sygnia Life Transnational Equity Fund has been designed to provide a much-needed alternative to the All Share and SWIX and, with 95% foreign revenue exposure, also gives investors the opportunity to radically increase offshore exposure. Although the fund’s high offshore revenue diversifies the source of growth impacting the securities, it is by nature a high-risk fund, owing largely to concentration, sector, and currency risks. Sygnia’s fund managers minimise these risks by spreading investments across sectors and capping the maximum exposure to any holding.
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