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European private equity and venture capital company 3i said on Wednesday it is investing $40 million in an Indian real estate fund, the latest foreign firm to tap into a fast-growing sector. The offshore fund of IndiaREIT, founded by Indian industrialist Ajay Piramal, has a proposed corpus of $160 million. Piramal also has domestic venture … Read more
The government of the United Kingdom has passed new legislation enabling investment firms based in Gibraltar to sell their services in the UK. The legislation, which became effective on July 31, follows through on an announcement by the governments of the UK and Gibraltar in December 2005 that firms in the jurisdiction would be allowed … Read more
Investing abroad has been a fundamental part of institutional investor’s strategy for quite some time now, but now globalization of financial markets has given the traditional investor a chance to take advantage of the opportunities abroad. Over the last few years, especially since the U.S. recession in 2001-2002 when U.S. equities struggled, investors have looked … Read more
QUESTION: What are the tax implications for an american citizen of buying exchange traded funds in another currency in an offshore account? REPLY: According to MSN Money Central, an exchange traded fund (ETF) is essentially an index fund. As such they would be treated as mutual funds by the IRS. Those that are available through … Read more
The increasing popularity in offshore investing is largely due to the Internet, which removes geographic restrictions and allows individuals to research and reach their favoured financial institutions. An increase in the diversity of products and ownership techniques has further increased accessibility. The question we answer: Invest offshore how, why and where Offshore investing is normally … Read more
Two new funds will be listed at the JSE Securities Exchange on October 6. Two new Exchange Traded Funds (ETFs) based on international indices are to be listed on the JSE Securities Exchange in October, opening up cheaper access to foreign markets for individuals and retirement funds. Until now, most foreign investments offered by the … Read more
Cape Town – South African investors should put some of their savings in offshore markets in order to take advantage of the opportunities not available in South Africa, as well as for diversification and risk reasons, it emerged at Stanlib’s 2nd International Investment Conference in Cape Town on Monday. This was particularly true now, when … Read more