Nedgroup triumphs again at Raging Bulls
The Raging Bull Award for Offshore Manager of the Year (2018) went to Nedgroup Investments International.
Like Allan Gray in the domestic manager category, Nedgroup Investments International have won the offshore manager award multiple times: four times in a row in the last four years, last year sharing first place with Investec
Funds domiciled in Europe are known as UCITS funds. UCITS, which stands for the Undertakings for the Collective Investment of Transferable Securities, is, according to Investopedia, a regulatory framework of the European Commission that creates a harmonised regime throughout Europe for the management and sale of mutual funds (known in South Africa as unit trust funds).
Nedgroup Investments International’s funds are constituted as UCITS funds domiciled in Ireland. There were three qualifying offshore funds: the Global Equity Fund, which earned five PlexCrowns and two multi-asset funds - the Global Flexible Fund (four PlexCrowns) and Global Cautious Fund (four PlexCrowns). The manager’s overall rating was 4.5 PlexCrowns.