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South African 3rd Party Funds

Sanlam Asset Management (Ireland )offers you the opportunity to offer 3rd party funds to your clients. Together with Sanlam Collective Investment Investments (SCI), SAMI can provide South African Financial Services Providers the opportunity to offer international investment vehicles. While you concentrate on proper investment performance, distribution and marketing of these funds, SAMI will ensure that all UCITS and other international regulation, e.g. money laundering is taken care of. This is done through strategic agreements with one of the largest transfer agencies and fund administrators in the world. These agreements also ensure that you obtain the benefits of the current fee arrangements, and therefore better Total Expense Ratio’s.


Sanlam Collective Investments (SCI) in South Africa is registered with the Financial Services Board as a representative manager in respect of international funds. This means that SCI can register funds that abide by the regulations of the Financial Services Board for solicitation in South Africa.

Sanlam Asset Management (Ireland), an approved UCITS III fund manager  can offer the following fund structures, services and advantages for Asset Managers, Intermediaries and other financial services providers in South Africa:
   
  • You can register a single manager, multi manager or a fund of funds 
  • Registration of the funds in line with UCITS requirements – this means your funds are very well regulated, and has overcome a first hurdle to be sold world-wide
  • Depending on your asset level, your own OEIC, for which SAMI will act as Management Company
  • Registration of funds for solicitation in South Africa (through SCI) (only if UCITS III)
  • Solution-based investment offerings: As you understand the needs of your clients, you can design collective investment schemes, with SAMI’s help, to satisfy those needs of your clients
  • Tailor made fee structures: Sanlam Asset Management (Ireland) allows you to have a say in how the fund charges are set and split. Depending on how you advise SAMI to have the fund operated and the total expense ratio you want to achieve, you can have additional income flow to your firm  
  • Compliance at fund level is taken care of. SAMI has a team of dedicated compliance people who will do fund  compliance.

If you are interested in expanding your business outside of South Africa into the EU, we can also offer you the following:

  • UCITS III Funds

    As the funds are UCITS III, it may be solicited in all EU States (and increasingly Global). We offer you a strong ‘brand’ and very prescriptive regulatory environment. UCITS regulations are also becoming more innovative or example 130/30 funds and Fund of Hedge Fund Indices now allowable under UCITS (please note that the FSB will not allow these for solicitation in South Africa under current legislation.)
  • Non-UCITS (not for registration in South Africa)

     Non-UCITS funds are less regulated than UCITS, with wider investment powers. These funds can be invested internationally as unregulated schemes or via placement regimes. However, these funds have no passport to be marketed freely in the EU.
  • Qualifying Investor Funds (QIF)

    These funds are aimed at high net worth and institutional investors (min subscription $100 000, min net worth $1.25mn). The regulator follows a light touch approach in respect of these funds and fast track the approval process. These funds an be established as open or closed ended, and the mandate may allow leveraging.

The above can be used to provide, traditional long only equity and bond, equity long/short, Property, Private Equity, Hedge Fund and Fund of Fund solutions.


If you are interested in our 3rd party solution, please email intouch@Sanlam.ie

*UCITS, or Undertakings for Collective Investment in Transferable Securities are a set of European Union directives that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state. UCITS are the minimum requirements, and any member state may impose additional regulatory requirements.