Amplify Investment Partners has expanded its offshore investment range by taking over two former Glacier Management Company feeder funds with R4.1 billion in assets and launching a rand-denominated global flexible feeder fund.
The former Glacier Global Stock Feeder Fund and Glacier Long Term Global Growth Feeder Fund were amalgamated into corresponding Amplify SCI funds on 15 May 2026 following an investor approval and regulatory consent process.
Amplify said the transition left the funds’ underlying investment managers, investment objectives, benchmarks, and risk profiles unchanged.
The expansion also includes the Amplify SCI Global Flexible Feeder Fund, launched on 1 July, which gives rand investors access to Amplify’s offshore Global Flexible Fund, whose investment strategy is managed by UK-based Troy Asset Management.
Amplify said it would own the product, assets, and distribution of the transferred funds, while Sanlam Collective Investments (SCI) remains the management company.
The Amplify SCI Global Stock Feeder Fund, classified by ASISA as a Global Equity General fund, continues to invest in the Dodge & Cox Global Stock Fund, a globally diversified value strategy investing primarily in large-cap companies.
It is benchmarked against the MSCI World Index and had assets of R3.84bn on 30 June. Its B-class total expense ratio (TER) is 1.2% and its total investment charge (TIC) is 1.22%.
The Amplify SCI Long Term Global Growth Feeder Fund, also classified as Global Equity General, continues to invest in the Baillie Gifford Worldwide Long Term Global Growth Fund, a concentrated portfolio of companies selected for their long-term growth potential.
It is benchmarked against the MSCI All Country World Index and managed R243 million at 30 June. Its B-class TER and TIC are both 1.09%.
The Amplify SCI Global Flexible Feeder Fund, classified as Global Multi Asset Flexible, invests in the Irish-domiciled Amplify Global Flexible Fund. The offshore fund, launched in October 2025, follows a long-only global multi-asset strategy designed to preserve capital while delivering long-term real growth.
It is managed by Sanlam Asset Management (Ireland), with Troy Asset Management responsible for the investment strategy.
Amplify said the feeder fund’s benchmark is SOFR + 2% in rands. TER and TIC figures are not yet available because the fund was launched only on 1 July.
Wade Witbooi, the managing director of Amplify Investment Partners, said the transaction was intended to strengthen the long-term scalability and sustainability of the funds while preserving continuity for existing investors.
“The transition will enhance the long-term sustainability of the funds while maintaining continuity for investors and preserving access to world-class global investment managers,” he said.
Amplify also said the move would help to mitigate the risk of future offshore capacity constraints.
For existing investors, the amalgamation did not alter the funds’ investment objectives, benchmarks, risk profiles, or service charges. Investors received units of equal value in the corresponding Amplify funds and, according to Amplify, the transaction does not trigger capital gains tax consequences.
Amplify said the funds are available through advisers and LISP platforms, with availability across platforms expected to expand over the coming months.
The additions leave Amplify with three distinct offshore investment offerings: a global value-equity strategy managed by Dodge & Cox, a concentrated long-term growth strategy managed by Baillie Gifford, and a flexible global multi-asset strategy overseen by Troy Asset Management.
