that the economy may be turning a corner and could offer value if post-COVID-19 global growth surprises on the upside . However , Theron warns , there is a clear need for local investors to mitigate risk , diversify their asset base and pursue international opportunities that may be unavailable through South Africa-domiciled companies .
To ensure offshore investing solutions are available to its clients , PPS Multi-Managers partnered in 2019 with the Capital Group , one of a handful of international investment management firms that can boast a solid 90-year track record of success . Founded in the 1930s , the Capital Group has unrivalled institutional memory including how to
manage money through the Great Depression , the Second World War , the 1970s stagflation and , more recently , the technology bubble of the late 1990s , the global financial crisis of 2008 and now the COVID-19 pandemic .
PPS now offers a Capital Group-managed offshore fund suited to investors seeking long-term capital growth : the PPS Global Equity Fund and the PPS Global Equity Feeder Fund .
Choose the fund best suited to your needs
The PPS Global Equity Fund is a foreign-domiciled unit trust in foreign currency . The fund offers a diversified portfolio of global equity
and equity-related securities .
To participate in this offering , South African tax residents use their annual offshore allowances totalling maximum R11 million – comprising their annual R1 million single discretionary allowance and R10 million foreign investment allowance ( which requires tax clearance from the South African Revenue Service ).
The PPS Global Equity Fund requires a minimum investment of US $ 10 000 . Capital is invested offshore in a foreign currency and remains in that currency .
The PPS Global Equity Fund delivered 31.37 % ( USD ) over the first one-year period ( at 31 January 2021 ), significantly
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