FOORD FEEDER FUNDS

Foord International Feeder Fund and Foord Global Equity Feeder Fund are rand-priced conduits into Foord’s US dollar-denominated global funds. Feeder fund investors escape the complexities of SA’s exchange control regulations. This burden instead falls to Foord within the constraints of SARB’s exchange control regulations, which set an upper foreign exposure limit for all South African unit trusts.

Schemes that exceed the limit must close. As readers will know, Foord closed its feeder funds to new inflows in 2016 after the late-2015 ‘Nenegate’ rand blowout pushed the scheme over the limit. The funds have remained closed to investment ever since.

Foord has collaborated with Prescient Management Company to again offer feeder fund access to the Foord global funds. Prescient Foord International Feeder Fund and Prescient Foord Global Equity Feeder Fund are now open for investment, starting from R10 000 lumpsum or R1 000 monthly debit order. 

Investors can still access the underlying US dollar denominated Foord global foreign funds directly by using their annual discretionary and investment foreign exchange allowances. Please visit www.foord.co.za/foord-global-funds for links to the Prescient feeder funds or for direct US dollar access to the Foord global funds.