OASIS IS FIRST IN FOREIGN RANKINGS
Oasis was the leading manager of offshore funds among the managers that are registered with the Financial Services Board (FSB) to market foreigndomiciled funds to South Africans, the PlexCrown survey of management companies to June 30 shows.
Oasis achieved an overall average PlexCrown rating of 4.750 out of a maximum of five PlexCrowns for the three offshore funds it manages.
Oasis’s three offshore funds are domiciled in Ireland, and two of them, the Crescent Global Equity Fund and the Crescent Global Property Fund, each obtained five PlexCrowns. Its Global Fund obtained four PlexCrowns.
The Crescent Global Property Fund gave Oasis first place among its peers in the offshore real estate sector, while the ratings of the Crescent Global Equity Fund and the Global Fund gave it third place among its peers in the global equity sector.
Momentum was placed second among the offshore managers of FSBregistered funds, with an overall average score of four PlexCrowns.
Momentum had three qualifying offshore funds. Its Global Managed Fund achieved five PlexCrowns and gave Momentum second place for the management of global asset allocation flexible funds.
Alexander Forbes Strategic and Orbis, Allan Gray’s offshore sister company, shared third place in the offshore manager rankings, with an overall average rating of 3.750 PlexCrowns each. Both investment houses had four qualifying offshore funds, and among these, each had one fund that achieved five PlexCrowns.
The Strategic Global Aggressive Fund gave Alexander Forbes first place in the global asset allocation asset flexible sector, while the SICAV Asia Ex-Japan Equity Fund gave Orbis first place in the Far East equity general sector.