VAM Funds, a Luxembourg-domiciled fund manager, has rolled out 11 funds in South Africa, marking its foray into the region.
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International Adviser quoted VAM sales director Nigel Watson as saying: "South Africa is a major hub for high quality fund managers and we are delighted to have the full backing and support from the Financial Services Board (FSB) to offer our range of funds to this important and growing market.
"We are finding that well-regulated international funds, such as those we provide through our Luxembourg UCITS IV range, are increasingly in demand and being sought by advisers and investors in South Africa and in other key international markets."
Watson said that that the firm plans to offer more funds for sale in the region over the coming months, and strengthen its position in existing jurisdictions.
"We are currently building and strengthening our position in Asia with new appointments as well as out African presence in general. We are currently undergoing aggressive growth plans at VAM."
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By GlobalDataThe funds currently approved for sale include the VAM Drieaus Fund, Vam US Mid Cap Growth Fund, VAM US Small Cap Growth Fund, VAM US Micro Cap Growth Fund, VAM US Large Cap Growth Fund, VAM Emerging Market Growth Fund, VAM World Growth Fund, VAM International Real Estate Equity Fund, VAM International ex-USA Growth Fund, VAM Americans All Cap Fund, and VAM Accessible Clean Energy Fund.
The company has named Adam Benzimra as business development manager for the area.
With 16 years of experience in the financial services industry, Benzimra joins the company from Jersey-based Ashburton Investments in South Africa.
