Sanlam unveils pair of funds as it moves to widen range

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...