Sanlam Private Investments (SPI) is launching a global equity fund as well as a fund providing investors with an alternative to cash as it moves to broaden its range of retail mandates.
In January the firm will launch a UCITS version of a concentrated global equity portfolio which has been running in-house for a year, managed by head of global equities Pieter Fourie.
"The original equity portfolio was based on demand from South African clients," said Craig Massey, chief executive officer of SPI. "It has been so successful we think there is surely a demand for this from UK investors."
The portfolio holds 15-20 stocks selected for their defensive characteristics and high cashflow. Names include multi-national brands such as Disney, Coca-Cola and Samsung.
SPI is also liaising with a third-party provider to launch a portfolio of short-duration bonds for clients with a low risk tolerance seeking an investment with a yield slightly higher than cash.
The portfolio will invest in 50 bonds to limit risk, with the launch planned for the first quarter of 2014.
"We want to provide a full range of services. Given very low interest rates around the world, we are looking to develop a bold, attractive alternative to cash," Massey said.
"The portfolio will use short duration corporate bonds with short maturities but provide a slightly higher yield than cash. Clients will take on more risk than cash but we like to have a cash-style offering so we are looking for that."
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