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VAM Funds enters South African market


VAM Funds (VAM), a Luxembourg-domiciled fund management firm, has launched 11 funds into the South African market following approval by the country’s Financial Services Board.

VAM Funds has established itself across the last 14 years as a significant player in the international market with advisers and investors around the world attracted to its fully regulated Luxembourg UCITS IV fund range.
The following VAM funds have been approved for sale in South Africa:

• VAM Driehaus Fund
• VAM US Mid Cap Growth Fund
• VAM US Small Cap Growth Fund
• VAM US Micro Cap Growth Fund
• VAM US Large Cap Growth Fund
• VAM Emerging Market Growth Fund
• VAM World Growth Fund
• VAM International Real Estate Equity Fund
• VAM International ex-USA Growth Fund
• VAM Americans All Cap Fund
• VAM Accessible Clean Energy Fund
VAM Funds is committed to establishing and building a permanent distribution capability in South Africa to support the demand for its funds. It has taken its first steps by appointing Adam Benzimra as its Business Development Manager for South Africa. Benzimra has 16 years’ experience in the financial services industry in the UK and South Africa and joins VAM Funds from Jersey-based Ashburton Investments in South Africa where he was responsible for developing HNW intermediary relationships, focusing on providing offshore investment solutions.
Nigel Watson, VAM sales director, says: “We are delighted to have the full backing and support from the FSB to offer our range of funds in South Africa’s growing market. We are finding that well-regulated international funds, such as those we provide through our Luxembourg UCITS IV range, are increasingly in demand and being sought by advisers and investors. Quality and simplicity are back in fashion with advisers seeking better-regulated, ‘cleaner’ products, with clear, fair and transparent charging structures that invest in mainstream asset classes. We are very supportive of this way of doing business as it’s in the best interests of investors and we want to work with advisers who are too.”

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