SOUTH AFRICA - The vast majority of pension funds in South Africa would prefer an offshore allowance of at least double the current restriction, according to a new study into the international strategies of the SA pension fund industry undertaken by Wits Business School (WBS) and sponsored by SEI Investments.
The study The strategic management of offshore assets by SA Pension Funds polled 27 respondents representing approximately R30bn in assets, with funds varying in asset size from R140m to R9bn. A...
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