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Cape Town - South African asset manager Foord Asset Management has received a licence from the Swiss Financial Market Supervisory Authority (Finma) to distribute its funds in Switzerland.
According to Benjamin Hügli, managing director of Foord's subsidiary in Zurich, the month of August has seen rather calm markets with good performance for global equities.
"Robust data from the US as well as a surprisingly quick recovery from the initial shock of Brexit have led to a robust rally in the recent weeks," he said.
Despite the political uncertainty surrounding the US elections, he remains optimistic that global growth will prevail in the medium term, appreciating that volatility might pick up substantially on the short term.
"At Foord we see volatility as opportunity, not risk and as such will be looking to take advantage of volatility by adding to new and existing investments we believe will outperform the market throughout the economic cycle," he added.
"The managers recently used the volatility in the healthcare sector to invest in pharmaceutical companies with novel compounds that are unlikely to experience immense pricing pressure."
He said Foord's funds had performed well in August, outperforming their respective benchmarks.
Previously Hügli said Foord has identified significant demand for investment solutions in Switzerland that will preserve capital in the long-term and generate positive earnings.
The flagship Foord International Fund invests globally across all asset classes and has posted an annualised return of 6.8% in dollar terms since its launch in 1997. Investors with a four-year investment horizon have generated positive returns ever since the fund opened.
Since its foundation in 1981, Foord Asset Management has pursued a long-term, value oriented strategy.
"Our objectives are aligned with those of family offices and high net worth individuals (HNWIs) who aim to protect and build on their asset base over several generations," Hügli said at the time.
Foord Asset Management has an established presence in Singapore, Luxembourg, Guernsey and London.
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