Coronation Fund Managers’ global funds have persistently been leaders in the South African investing space and certainly deserve consideration by all those wishing to allocate a portion of their portfolio offshore. Three funds that we strongly recommend are the Global Equity Select Fund, Global Managed Fund and Global Capital Plus Fund. Though serving different needs and constituencies and being uniquely managed as such, they are all suited to investors who are overexposed to SA; seeking a broader opportunity set, and looking to diversify into well-constructed offshore portfolios. Each fund has different features, which we will discuss.
Global Equity Select Fund
Launched in 2015 and domiciled in Ireland, it aims to give investors access to the best opportunities in global equity markets.
Managed by Neil Padoa and Humaira Surve with $335m under management, its cumulative return since launch has been an impressive 54.8%, with annualised returns at 37.5% in 2019 and 14.1% last year.
“The fund invests in shares that we expect to deliver superior long-term investment growth,” Padoa explains.
“Its share selection is the product of rigorous international research conducted by Coronation’s investment team and managed to deliver the best possible risk-adjusted returns over an investment horizon of five years or more.”
Padoa says that he and his colleagues are still finding attractive opportunities. “Nothing is guaranteed in equity markets and returns will likely be lumpy, but over the long term we think the portfolio has the potential to deliver attractive returns in US dollar.”
Continue reading your story on the app
Continue reading your story in the magazine
What is a store of value?
Gold, cryptocurrencies and cash have all been argumented for as protection against inflation and market crashes. Simon Brown busts this myth.
Simon's stock tips
Founder and director of investment website JustOneLap.com, Simon Brown, is finweek’s resident expert on the stock markets. In this column he provides insight into recent market developments.
STOCKS PROTECTING THE PLANET AND DIGITAL LIFESTYLES
Is it possible to invest in companies that aim to secure humans’ existence on an ever-dwindling planet and those that protect our increasingly digital lifestyles? finweek looks at these issues and analyses four offshore companies that fit these themes.
The morass that is coal supply to Eskom
The Seriti contract with the power generator shows up other issues in the supply chain to keep SA’s lights on.
The outlook for inflation
What is driving higher local consumer prices?
Does convenience cause risk?
Thanks to technology, it has become far easier to make payments, but how safe are contactless payments and what are South Africans’ options?
Swanky, safe, and more affordable
The Volvo XC40 T3 with its turbocharged three-cylinder engine brings a less pricey entry point to the XC40 range.
Do central banks still care about inflation?
Structural consumer price increases may be abating. We’ll soon see whether monetary authorities will adapt their mandates.
Are you on the right track with shares?
It is a good time to look at your portfolio to determine whether there are still good prospects, advises Schalk Louw.
Flush-Outs Among Cryptos Are Healthy
Valuing cryptocurrencies and determining their correlation with traditional asset classes are becoming easier.
Did Anyone Hear a Pop?
Investors are worried that stocks are in a bubble— and that it’s going to burst.
How To Build (Or Rebuild) Wealth
Our 11-part plan will help you establish a solid financial foundation or take stock of your progress.
AMERICANS CAN PAY THEIR CREDIT CARD BILLS, BUT FOR HOW LONG?
The coronavirus pandemic hasn’t stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year.
Getting More from Less
Everyone has been forced to cut back in some way—but limitations can lead us to even greater growth. We asked six entrepreneurs: What unexpected benefits have you gotten from change?
Are We Going Digital Forever?
The pandemic swiftly moved our world online. Once you discover the power of engaging your customers digitally, you won’t want to go back.
Japan's Softbank Back in The Black As Investments Improve
Japanese technology company SoftBank Group Corp. said it bounced back to profitability in the last quarter as its investments improved in value.
Focus On Your Mission
Our worlds may feel shaken. But we’re actually much sturdier than we think.
My Mentor Taught Me Always Go Deeper
A branding expert weighs in on a promising business idea.
Give Your Portfolio Some Shine
With a weaker dollar and inflation stirring, it’s probably a good idea to diversify with a little gold.
Death and Taxes
The Trump tax cut failed to deliver for all but the very rich. And the gop thinks this is the perfect time for more.