South Africa’s Foord targets Australia via Luxembourg
Foord Asset Management, a firm with South African roots and a Luxembourg presence since 2013, is expanding its global reach by offering long-term investors in Australia a new feeder fund for its Foord Global Equity Fund registered in the Grand Duchy.
The new Foord Global Equity Australian Feeder Fund invests exclusively in the Foord Sicav- Foord Global Equity Fund (Luxembourg). The fund held assets worth 472 million dollars at the end of 2021, with holdings in for example Alphabet, Tencent, JD.com, Freeport-McMoran and Alibaba.