A Fin24 user asks about the difference between global and worldwide categories of unit trusts.
What is the difference between global category and worldwide category unit trusts?
Chris van Wyk of PSG Hermanus Portfolio Management & Stockbroking responds:
Global portfolios must at all times invest at least 80% in non-SA assets.
Worldwide portfolios invest in domestic as well as foreign markets, and there are no limits to the percentages invested in the respective markets.
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Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
What is the difference between global category and worldwide category unit trusts?
Chris van Wyk of PSG Hermanus Portfolio Management & Stockbroking responds:
Global portfolios must at all times invest at least 80% in non-SA assets.
Worldwide portfolios invest in domestic as well as foreign markets, and there are no limits to the percentages invested in the respective markets.
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.