By Clyde Rossouw and Neil Finlay, Investec Asset Management.
Selecting an offshore equity manager is daunting and the apparent simplicity of a passive strategy often seduces investors. Getting broad exposure to difficult-to-outperform global equity indices at low cost is often used to justify the allocation. We argue that a long-term active approach, with low portfolio turnover to minimise transaction costs, has clear benefits for investors. (more…)
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