Guernsey, the specialist global centre for investment funds, has
made significant gains in the numbers of funds domiciled in the
island registered to be sold to retail investors in South
Africa.
Figures from the online register of the Financial Sector Conduct
Authority (FSCA) in South Africa showed that at the end of January
2020, Guernsey was the domicile for 17 structures and 59 funds or
sub-funds of umbrella funds, moving the island into the top three
of foreign markets for South African managers for sale back into
their domestic market.
Over the past three years Guernsey has claimed a near 25% share
of the market for new fund portfolios, established by leading South
African investment houses including Momentum, PSG and
Peregrine.
