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The Momentum Global Matters logo against a faded multistory office building backdrop and a light blue sky.

Global Matters: investing offshore

The world of offshore investing can seem quite daunting, but doesn’t have to be. To cut through the complexity, Momentum Investments has launched a world class portal to address all your offshore investment concerns, challenges and even share best practice. Visit our Global Matters portal for independent views on offshore investment advice, legislation and top-of-mind matters to structure and get your clients to their investment goals.

Events

A black and red silhouette of the New York City skyline.

The Global Matters event

Global Matters is our annual local flagship event to showcase all our international capabilities. It includes an economic update and commentary on global markets, as well as a panel discussion on MWI as a global platform.

A Think-Tank virtual 2020 conference poster with an illustration of well-known monuments and buildings of global cities.

Think-Tank

2020 was the 19th year we held ‘Think-Tank’, which is designed to give our largest intermediary and wealth management clients substantive investment thinking and ideas. Delegates attend from the UK, Europe, Asia, Australia, the Middle East, Latin America, North America and Africa.

Global Matters Weekly

Our weekly blogs are aimed at providing our rapidly expanding global client base with a good mix of deep investment insights, combined with a topical twist and an improved, easy-to-digest tone.

19 July 2021

Value Investing Redux

Tom Delic

Benjamin Graham’s ‘Intelligent Investor’, first published in 1949, has provided the philosophical foundation to thousands of investors over the years. What can we learn from the book today?




13 JULY 2021

A black swan
passes by

Robert White, CFA

As is often the case with sport, parallels can be found in markets. Firstly, markets give everyone the opportunity to have as many shots as you like before you become successful, as opposed to footballers who have just one attempt during a shootout.



05 JULY 2021

Past performance is not
indicative of future results

Gary Moglione

“Past performance is not indicative of future results” is a warning on most investment material that everyone knows but not many people seem to actually implement into their decision making.




28 June 2021

Patience is a Virtue

Stephen Nguyen, CFA

Being patient in the face of adversity is key to a happy life, and a healthy investment portfolio. Good things truly do come to those who wait.





21 June 2021

For what it's worth

Richard Parfect

What is it worth then? This is a question investors should be asking themselves all the time. However, the true answer is not always obvious.





14 June 2021

This time may
be different

Andrew Hardy, CFA

History tells us that letting the inflation genie out of the bottle is a lot easier than putting it back in again. But what does this mean for investments?





07 June 2021

Macro Matters

Richard Stutley, CFA

We don’t believe in investing on the basis of macro, but we don’t ignore it either.






24 May 2021

Be smart, be decent:
empower women

Lorenzo La Posta, CFA

Two examples that promoting equality is not only the very least one could do as a human being, but is also very advantageous for everyone.





17 May 2021

Diversify your diversifiers

Alex Harvey, CFA

Our multi-asset, multi-style and multi-manager approach builds in additional diversification levers that help smooth the investment journey that we create for our clients.




10 May 2021

A Value Renaissance

Mark Wright

We now appear to be witnessing a ‘Value Renaissance’. The value rally won’t last forever, but while it does, we intend to enjoy the ride.





26 APRIL 2021

ESL - what not to do

Jackson Franks

Unlike the failed European Super League (ESL), we pride ourselves on understanding our clients’ needs through engagement and market research.





19 APRIL 2021

First a green jacket, now a
green light for Japan?

Michael Clough

Only three of the world’s top 100 ranked male golfers are from Japan. The country is underrepresented in the upper echelons of the golfing world and it is often underrepresented in investors’ portfolios too.



12 APRIL 2021

SPACtacular surge

Chris Butcher

Special Purpose Acquisition Companies (SPACs) have become one of the hottest investment trends on Wall Street. But what should investors keep in mind?




29 March 2021

Fund Selection 101

Tom Delic

When researching a fund, it is often useful to view the fund manager as a CEO, responsible for making investments in a portfolio of businesses.





22 March 2021

Bailey, Powell and Lagarde; the new eco-warriors?

Robert White, CFA

We are in a privileged position to act as fiduciary to our clients and stakeholders, and we take our ESG responsibilities seriously.





15 March 2021

Why we are all hard wired to be bad investors

Gary Moglione

People are hard wired to be bad investors as many of our natural instincts force us to fall into a number of behavioural traps that result in poor investment returns.




08 March 2021

Percy’s not a pig

Alex Harvey, CFA

Believe it or not, there are similarities in what we do here at Momentum Investments to what the rocket scientists do at NASA’s Jet Propulsion Laboratory.





01 March 2021

Are you sitting comfortably?

Richard Parfect

Ever since the global financial crisis (GFC) central banks have been trying to accelerate economic recovery by ‘printing money’. The recovery materialised, but it was centred around asset prices such as capital markets. The reaction to the COVID-19 pandemic has seen a degree of money printing that has dwarfed that of the GFC response.

22 February 2021

Coin Toss

Andrew Hardy, CFA

All investments come with a degree of risk and require a view on future scenarios, but in the case of Bitcoin it is much harder to know how it will perform or build confidence in estimates of long-term value.




15 February 2021

More of the Same

Richard Stutley, CFA

If the tale of Goldilocks and the Three Bears is used to describe today’s central bank policy, what is not too hot, not too cold, but just right?





08 February 2021

To the moon - YOLO

Lorenzo La Posta, CFA

Investing is not about sending assets to the moon. Certainly, it is not about following random advice. All we trust is data, research, experience.





01 February 2021

Emerging Opportunities

Stephen Nguyen, CFA

Emerging markets outperformed global developed equities in 2020 for the first time in three years: could this be a sign of things to come?





25 January 2021

StoreREIT telling:
three key elements

Jackson Franks

What do we expect of and how do we critique real estate managers? We look for the successful implementation of a story with a beginning, a middle, and an end.




18 January 2021

An industry in
constant evolution

Robert White, CFA

We are acutely aware that investing is a journey, and helping clients to remain invested through times of extreme uncertainty is often the most valuable service advisers can provide for their clients.




Thought leadership

We bring you some of our latest thinking on global investments and markets.

JUNE 2021

Global Matters Quarterly
Market Update



Market Update


MAY 2021

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


APRIL 2021

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


MARCH 2021

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


FEBRUARY 2021

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


FEBRUARY 2021

Market update: 2020 review and 2021 outlook



What can we expect from
the markets in 2021.

JANUARY 2021

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


DECEMBER 2020

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


NOVEMBER 2020

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


OCTOBER 2020

Commentary on the market
environment and asset
allocation views



Monthly Viewpoint


MARCH 2020

The global cognitive
distortion of panic
and COVID- 19

Paul Nixon

Where did all the toilet
paper (TP) go?

MARCH 2020

Advice migra(ne)tion:
A Perspective

Louise Usher

Popular press has not been
shy in advocating investing
offshore.

FEBRUARY 2020

In love with
the familiar

Greg B Davies, PhD

The right and wrong ways
to deal with our preference
for the known.

The offshore investing guide

Empowering financial advisers to have in-depth offshore investment conversations with their South African clients.

Why Momentum Investments?

Momentum Global Investment Management

In this introductory video about Momentum Global Investment Management, we will share with you who we are, how we invest, what makes our investment philosophy unique and why we believe you should invest with us.

Stronger platform for growth

Momentum Global Investment Management (MGIM), Momentum Investments’ international investment management division, has acquired Seneca Investment Managers. The combined business offers a comprehensive suite of strategies for financial advisers, including a range of multi-asset funds and model portfolio solutions, to help them deliver appropriate outcomes for investors.

Why Guernsey?

The jurisdiction in which an international investment platform conducts its business is an essential part of any due diligence. This video gives you the insight into why Guernsey was our international finance centre
of choice.

Momentum Wealth and Momentum Wealth International’s capabilities

In a daunting investment world full of jargon and complexity, the capability wheels are comprehensive tools to navigate through the spheres of investment platforms, products and the different types of components, both locally and abroad.

Situs tax and when it applies

The video provides a concise view into Situs tax, what it is, when it applies and how to avoid it.

What is probate?

Understanding probate and its effect on a South African estate. The video also cover how you can add overriding contractual arrangements to avoid probate.

Want to know more?

What products are offered by MWI?

MWI administers the International Endowment Option (IEO) and an International Investment Option (IIO). Please refer to the summary document published by MWI for more detail on the products.
Who can invest in the MWI products?

Natural persons, offshore companies and trusts can invest in these products. However, SA companies, Close Corporations (CCs) and trusts do not qualify for a foreign capital allowance and can therefore not invest in these products.
Which tax legislation will apply to the products?

In most instances, an investor’s tax residency will dictate the tax legislation as mostly, the tax legislation where the person resides applies, subject to double taxation agreements. Various countries have double taxation agreements in place to determine where income or capital gains are taxable if the income or gain could be subject to tax in both jurisdictions. SA has a residency- based tax system. This means that, if a person is a SA tax resident, all worldwide income is subject to tax in SA, provided the double taxation agreement does not dictate otherwise.
Do the restrictions applicable to local endowment policies also apply in respect of the foreign endowments?

When investing in an endowment policy governed by the Long Term Insurance Act, the normal rules pertaining to the restriction period and access to funds apply. However, the product is specifically structured with 100 underlying endowment policies to allow for multiple withdrawals.
If an investor/policyholder did not select the “joint and survivorship option” in respect of the IEO, but they indicated who the proceeds must go to in their Will, how will this be dealt with in practice?

If the joint and survivorship option is not selected, the investment will fall into the investor’s estate and dealt with in terms of the estate administration process. Depending on the value of the investment, it may be necessary to comply with Guernsey’s domestic system of probate on death. This is an administrative and legal process in terms of Guernsey law that must be followed before the assets of a deceased person may be distributed to heirs.
If an investor/policyholder did not select the “joint and survivorship option” in respect of the IEO, and there are additional contract owners and a beneficiary for proceeds was appointed, what happens if the original investor dies?

The additional contract owners are automatically additional lives insured. Upon the death of any one contract owner, the policy will continue and the ownership of the deceased party will form part of his/her estate, which can be subject to Guernsey probate.
What is Guernsey probate?

Guernsey probate requires Letters of Administration to be obtained in relation to the investor’s estate to enable the Guernsey estate to be properly wound up. To obtain Letters of Administration, the registrar of the Ecclesiastical Court in Guernsey will require the investor’s will to be proved (or authenticated) in Guernsey and submitted together with a death certificate and an inventory stating the values of the estate. This may entail the added cost of appointing a Guernsey advocate to attend to the application.
Is a separate will required for offshore assets?

In Guernsey, the principle of freedom of testation applies to the law of succession. This means that individuals are free to dispose of their estates as they please on death. SA residents may choose to deal with their Guernsey assets in their SA wills or they may execute separate wills for their assets situated locally and in Guernsey.

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