For South African investors, diversification is important, considering the fact that most of their funds are invested directly in the SA economy, which represents less than 1% of the global market. At Old Mutual Multi-Managers, we have always believed that diversification across regions is important and have applied this to our funds and products.
We have not only been managing offshore assets in our local portfolios for 21 years, but also three offshore balanced portfolios for 15 years, which means that we are not strangers to the global funds universe. In partnership with Old Mutual International, we offer pure equity, aggressive balanced and moderate balanced funds. The asset classes we currently invest in are global equity (developed and emerging markets), global cash, global fixed income and global property.
We are pleased to advise that our Old Mutual Multi-Managers global funds recently received section 65 approval by the Financial Sector Conduct Authority (FSCA). This means that the funds can be actively marketed to all investors. The Old Mutual Multi-Managers global funds were launched on the Old Mutual International investment platform in February 2020.