This website uses cookies. Read more. Okay
29 Jan 2016

Feeder Funds Capped

Foord International Feeder Fund and Foord Global Equity Feeder Fund feed into USD denominated offshore collective investment scheme portfolios. The respective investment objectives require Foord to maximise the offshore portion of these portfolios. We do this by purchasing units in the master funds as rand cash is invested into the SA feeder funds.

However, exchange controls limit the Foord Unit Trust Scheme’s overall foreign exposure. The recent material depreciation of the rand relative to hard currencies has caused the Scheme to now exceed its permissible foreign exposure limits. It has regrettably become necessary for Foord to restrict further inflows into its feeder funds. 

Foord International Feeder Fund and Foord Global Equity Feeder Fund will be closed to new investments with effect from 1 February 2016. The funds will remain closed until further notice. Existing investments in the portfolios, including existing recurring debit order instructions, will remain unaffected.

Investors are able access the underlying USD denominated foreign funds directly. Please direct any enquiries to info@foord.com.sg for Foord Global Equity Fund and fitapplications@foord.com for Foord International Trust or visit www.foord.com for more information.

For further assistance or for any queries relating to applications for tax clearance certificates in respect of the R10 million per annum individual foreign investment allowance, please call us directly on 021 532 6969 or email us on unittrusts@foord.co.za.

Insights

21 Oct 2021

China - regulating for change

Recent Chinese regulatory initiatives across high-profile industries have spooked global investors.

Watch now

07 Oct 2021

Foord Turns 40

Foord opened its doors for business on 1 October 1981 in Market House, Greenmarket Square. Then known as Foord & Meintjes, founders Dave Foord and Liston Meintjes were joined by receptionist Loretta Macleod (retired…

Read more
newsletter subscription