Total investment value
Annualised return
ACCOUNTS
Offshore Investing
Diversify your portfolio by investing in a Coronation global fund. Backed by decades of offshore investment expertise, our funds give you access to international markets, offering wider and more diverse investment opportunities.
You can invest using rands or foreign currency.
How it works
You can start investing in a Coronation global fund from just R500 per month or with a $500 once-off investment, using our easy-to-use Invest Now online process.
Simply:
Choose a fund that matches your offshore investment goal
Select your currency – see our simple guide in the table below
Enjoy the benefits of global diversification
Need help deciding which currency option is right for you?
Invest offshore in rands
- Easy to use and access, as everything is set up in South Africa.
- No need to get tax clearance or convert your rands.
- Offers full economic but not jurisdictional diversification.
- When you withdraw, your money is paid out in rands.
- No limit on how much you can invest each year.
Minimum monthly debit order of R500 or a minimum lump sum investment of R5,000
Invest offshore in a foreign currency
- Offers full economic and jurisdictional diversification.
- Removes exchange rate uncertainty when your future needs are dollar-based.
- Requires converting rands and holding a foreign-domiciled account.
- Invest up to R1m annually without prior approval.
- Invest a further R10m annually with tax clearance.
Minimum lump sum investment of $500, €500 or £500
Follow these simple steps to invest less than R1m or more than R1m offshore in a foreign currency.
Why offshore investing with Coronation makes sense for you
Access more markets and investment opportunities
As a South African investor, you don't have to limit your wealth-building opportunities to the local market. Investing offshore opens the door to a far broader range of options than those available locally.
To put it in perspective, the combined market capitalisation of the world's top five stock exchanges is ~80 times the size of the JSE.
Diversify your portfolio
Investing globally allows you to diversify your portfolio across different countries, economies and currencies. This broader reach can reduce reliance on the performance of any one market or investment.
Tap into Coronation's 26 years of international investing
We've spent more than two decades building a suite of global funds with South African investors in mind. All are managed by globally experienced investment experts, who stay true to our long-standing, valuation-driven investment philosophy. This allows us to uncover the most compelling opportunities across asset classes and around the world.
What are the benefits and limitations?
Here’s a summary of the key benefits and limitations of an offshore unit trust investment.
Benefits
- Invest from as little as R500 a month in a rand-denominated international fund or a lump sum of $500/€500/£500 in one of our foreign currency-denominated funds
- Increased potential overall return through access to a broader and more diverse opportunity set
- Reduced overall risk through diversification
- Unrestricted access to your money, however, a long-term horizon is recommended to fully realise the benefit of having meaningful exposure to global growth assets
- Switch or withdraw at any time
- No initial fees or administration fees
Limitations
- For our foreign currency-denominated funds, a regular income cannot be paid out; interest and dividends earned are automatically re-invested
- For our foreign currency-denominated funds, you need to use your own offshore allowance (up to a maximum of R11 million per annum) or money that is already offshore
- For our foreign currency-denominated funds you may need to obtain tax-clearance
Funds
What are my investment options?
Matching your investment needs with a suitable fund that aligns with your financial goal, time horizon, and risk tolerance is a critical step toward achieving your financial objectives.
You can choose to invest in any of our rand-denominated global feeder funds or foreign currency and foreign-domiciled offshore funds.
Invest in rands
Use your rands to invest in one of Coronation's global feeder funds.
Popular choice
Global Managed [ZAR] Feeder
This fund suits investors seeking steady, long-term growth through offshore diversification. It invests globally across shares, bonds, property, and cash to balance opportunity and risk. It’s a suitable fund for investors who want global exposure and growth potential while keeping their investment rand-denominated.
- Biased towards shares, but can include listed property, bonds and cash
- A multi-asset global mandate that primarily invests in developed economies, but can also invest in emerging markets
- Ideal for wealth-builders who want to balance long-term real returns with the risk of loss
Risk rating
Minimum investment term
5 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Managed [ZAR] Feeder
The fund seeks to balance long term real returns and the risk of loss by investing in a range of listed asset classes around the world. Our intent is to outperform an equity-biased benchmark over all five year periods.
Investor profile
The fund is suitable for investors who are building wealth and who seek a single international investment that will give them access to some of the best opportunities around the globe; require a fund which balances long-term real returns and the risk of loss; do not require an income from their investment.
Benchmark
60% MSCI All Country World Index and 40% Bloomberg Global Bond Aggregate
Risk rating
Minimum investment term
5 years +
Exposure to growth assets
Maximum: 85%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (unannualised) | 573.6% | 554.3% | 19.3% |
| Since Launch (annualised) | 12.7% | 12.5% | 0.2% |
| Latest 15 years (annualised) | 13.7% | 13.6% | 0.0% |
| Latest 10 years (annualised) | 10.8% | 10.2% | 0.6% |
| Latest 5 years (annualised) | 10.7% | 8.1% | 2.5% |
| Latest 3 years (annualised) | 20.7% | 14.2% | 6.5% |
| Latest 1 year | 30.8% | 11.3% | 19.5% |
| Year to date | 15.9% | 4.8% | 11.1% |
Global Equity Select [ZAR] Feeder
This fund suits investors seeking long-term growth from global equity markets. It invests in attractively priced businesses across developed and emerging economies. It’s a suitable fund for investors wanting pure offshore equity exposure and diversification while investing in rand.
- Focused on long-term capital growth from a diversified portfolio of global shares
- May hold limited cash or bonds when opportunities are scarce
- Predominantly invested in developed markets with exposure to emerging markets
Risk rating
Minimum investment term
10 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Equity Select [ZAR] Feeder
The fund aims to give investors access to the best opportunities in global equity markets. The fund is biased to developed markets and actively seeks out attractively valued shares to maximise long-term growth. Our intent is to outperform the global equity benchmark over all periods of five years and longer.
Investor profile
The fund is suitable for: Investors who are building wealth, and are comfortable with full exposure to shares listed in global markets outside South Africa. Accept that the fund may underperform the market significantly in the short term in pursuit of superior long-term gains. Hold other investments and are looking to add exposure to global equity markets. Do not require an income from their investment.
Benchmark
MSCI All Country World Index
Risk rating
Minimum investment term
10 years +
Exposure to growth assets
Maximum: 100%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (unannualised) | 208.4% | 298.4% | (90.0)% |
| Since Launch (annualised) | 11.4% | 14.2% | (2.8)% |
| Latest 10 years (annualised) | 13.4% | 14.4% | (1.1)% |
| Latest 5 years (annualised) | 12.7% | 14.2% | (1.5)% |
| Latest 3 years (annualised) | 26.1% | 21.2% | 4.8% |
| Latest 1 year | 40.7% | 17.3% | 23.5% |
| Year to date | 19.6% | 8.6% | 11.1% |
Global Optimum Growth [ZAR] Feeder
This fund suits investors seeking strong, long-term growth through global diversification. It invests mainly in shares, with selective exposure to bonds, property, and cash to manage risk and enhance returns. It’s a suitable fund for investors wanting equity-driven offshore growth and diversification while staying invested in rand.
- Primarily invested in shares, but can include property, bonds, and cash
- A flexible mandate that adjusts asset and geographic exposure based on value
- Ideal for wealth-builders comfortable with broad discretion in asset and regional allocation
Risk rating
Minimum investment term
10 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Optimum Growth [ZAR] Feeder
The fund aims to maximise long-term investment growth by investing in a globally diversified portfolio with exposure to both developed and emerging markets across multiple asset classes. Our intent is to provide competitive after inflation returns over all five-year periods.
Investor profile
The fund is suitable for investors: Looking for a balanced exposure to both domestic and international assets. Who are comfortable to grant Coronation a wide degree of discretion. Who are in their wealth build-up phase and require little income yield in the short term. Who are able to withstand short-term market and currency fluctuations in pursuit of maximum total returns over the long term. Who intends following a core/satellite approach, using this fund as a core fund.
Benchmark
Composite: 35% MSCI World Daily Total Net Return Index, 35% MSCI Global Emerging Markets Daily Total Net Return Index, and 30% Bloomberg Global Aggregate Bond Total Return Index Unhedged USD
Risk rating
Minimum investment term
10 years +
Exposure to growth assets
Maximum: 100%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (unannualised) | 2,613.9% | 1,569.4% | 1,044.6% |
| Since Launch (annualised) | 13.3% | 11.2% | 2.1% |
| Latest 20 years (annualised) | 11.6% | 11.7% | (0.1)% |
| Latest 15 years (annualised) | 13.5% | 12.2% | 1.3% |
| Latest 10 years (annualised) | 11.2% | 9.9% | 1.3% |
| Latest 5 years (annualised) | 7.1% | 10.3% | (3.2)% |
| Latest 3 years (annualised) | 20.7% | 14.7% | 6.0% |
| Latest 2 years (annualised) | 20.2% | 13.2% | 7.1% |
| Latest 1 year | 25.2% | 13.1% | 12.1% |
| Year to date | 18.7% | 8.4% | 10.3% |
Invest in US dollars
Invest your dollars in one of Coronation's offshore funds.
Popular choice
Global Managed
This fund suits investors seeking steady, long-term growth through global diversification. It invests across international shares, bonds, property, and cash to balance opportunity and risk. It’s a suitable fund for investors who want direct offshore exposure and the flexibility of investing and growing their capital in US dollars.
- Biased towards shares, but can include listed property, bonds and cash
- A multi-asset global mandate that primarily invests in developed economies, but can also invest in emerging markets
- Ideal for wealth-builders who want to balance long-term real returns with the risk of loss
Minimum investment term
5 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Managed
The fund seeks to balance long term real returns and the risk of loss by investing in a range of listed asset classes around the world. Our intent is to outperform an equity-biased benchmark over all five year periods.
Investor profile
The fund is suitable for investors who are building wealth and who seek a single international investment that will give them access to some of the best opportunities around the globe; require a fund which balances long-term real returns and the risk of loss; do not require an income from their investment.
Benchmark
60% MSCI All Country World Index and 40% Bloomberg Global Bond Aggregate
Minimum investment term
5 years +
Exposure to growth assets
Maximum: 85%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (unannualised) | 269.5% | 192.2% | 77.3% |
| Since Launch (annualised) | 8.7% | 7.1% | 1.6% |
| Latest 10 years (annualised) | 9.7% | 7.8% | 1.9% |
| Latest 5 years (annualised) | 11.3% | 7.5% | 3.8% |
| Latest 3 years (annualised) | 24.2% | 15.9% | 8.2% |
| Latest 1 year | 32.2% | 11.3% | 20.9% |
| Year to date | 28.0% | 14.4% | 13.7% |
| 2024 | 17.5% | 9.6% | 7.9% |
| 2023 | 15.6% | 15.5% | 0.2% |
| 2022 | (15.0)% | (17.2)% | 2.2% |
Global Equity Select
This fund suits investors seeking long-term growth through exposure to the world’s leading companies. It invests in attractively valued businesses across developed and emerging markets to capture global growth opportunities. It’s a suitable fund for investors wanting direct offshore equity exposure and diversification in US dollars.
- Focused on long-term capital growth from a diversified portfolio of global shares
- May hold limited cash or bonds when opportunities are scarce
- Predominantly invested in developed markets with exposure to emerging markets
Minimum investment term
10 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Equity Select
The fund aims to give investors access to the best opportunities in global equity markets. The fund is biased to developed markets and actively seeks out attractively valued shares to maximise long-term growth. Our intent is to outperform the global equity benchmark over all periods of five years and longer.
Investor profile
The fund is suitable for: Investors who are building wealth, and are comfortable with full exposure to shares listed in global markets outside South Africa. Accept that the fund may underperform the market significantly in the short term in pursuit of superior long-term gains. Hold other investments and are looking to add exposure to global equity markets. Do not require an income from their investment.
Benchmark
MSCI All Country World Index
Minimum investment term
10 years +
Exposure to growth assets
Maximum: 100%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (unannualised) | 138.1% | 191.0% | (52.8)% |
| Since Launch (annualised) | 8.5% | 10.5% | (2.1)% |
| Latest 10 years (annualised) | 10.8% | 11.9% | (1.1)% |
| Latest 5 years (annualised) | 11.9% | 13.5% | (1.6)% |
| Latest 3 years (annualised) | 28.6% | 23.1% | 5.5% |
| Latest 1 year | 40.5% | 17.3% | 23.2% |
| Year to date | 31.2% | 18.4% | 12.8% |
Global Optimum Growth
This fund suits investors seeking strong, long-term growth through a globally diversified portfolio. It invests mainly in shares, with selective exposure to bonds, property, and cash to manage risk and enhance returns. It’s a suitable fund for investors wanting equity-driven offshore growth while investing directly in US dollars.
- Primarily invested in shares, but can include property, bonds, and cash
- A flexible mandate that adjusts asset and geographic exposure based on value
- Ideal for wealth-builders comfortable with broad discretion in asset and regional allocation
Minimum investment term
10 years +
Try our investment calculator
Click here to see the returns of this fund if you had invested sooner
View fund performance
Invest in this fund
Global Optimum Growth
Global Optimum Growth aims to maximise long-term investment growth by investing in a globally diversified portfolio with exposure to both developed and emerging markets across multiple asset classes. Our intent is to provide competitive after inflation returns measured in US dollars over all five-year periods.
Investor profile
Investors who are building wealth in US dollars, and who are looking for the best growth opportunities available in both developed and emerging markets and accept the possibility of volatility and the risk of short-term losses; are comfortable with allowing Coronation a wide degree of discretion, in allowing us to make both the asset and geographical allocation decisions; do not require an income from their investment.
Benchmark
Primary Benchmark: US CPI + 4%, Secondary Benchmark Composite: 35% MSCI World, 35% MSCI EM, 30% BGBA
Minimum investment term
10 years +
Exposure to growth assets
Maximum: 100%
Annualised past performance (after fees)
| Returns | Fund | BENCHMARK | OUTPERFORMANCE |
|---|---|---|---|
| Since Launch (annualised) | 9.0% | 7.0% | 2.0% |
Total investment value
Annualised return
Our Investing Offshore Corolab is a useful guide that will help you find the right fund. Alternatively, you can speak to your financial adviser.
Popular funds
See all popular Coronation offshore unit trusts available both in Rands and USD.
Invest Now
Experienced investors or those who prefer to build a custom portfolio can use our Invest Now process designed to meet every need.
Investment quote
Create a summary of your prospective investment. This is a useful document for comparisons prior to investing.
Our insights
Frequently asked questions
At Coronation, global fund is our collective term for any fund that invests in international assets, which includes both our rand-denominated feeder funds and our foreign currency-denominated funds. Our global funds give you access to opportunities beyond South Africa’s borders, across different countries, industries, and currencies.
An offshore fund is a type of global fund that is foreign-domiciled (registered outside South Africa) and denominated in a foreign currency (such as US dollars, euros, or pounds). When you invest in an offshore fund, your money leaves South Africa, and the investment is held in an overseas account.
If you invest in a rand-denominated feeder fund, your money stays in South Africa but your investment still provides exposure to international markets.
Investing in rands?
There is no limit on the amount that you can invest offshore.
Investing in foreign currency?
The following annual foreign investment allowances apply to South African residents (with a valid ID and tax number) wanting to invest in foreign currency:
-
R1 million discretionary allowance
No SARS approval is required for this allowance. It covers the total value of all your foreign transactions in a calendar year, including overseas holiday spending, international credit card purchases, and any offshore investments you make.
-
R10 million foreign capital allowance
Requires SARS approval via an Approval for International Transfer (AIT). AIT approval typically takes 21 working days. Approvals over R10 million may take 4–10 weeks.
If you’re a South African resident with a green ID book or smart ID and a tax number, you qualify.
- Companies, trusts, partnerships, foundations, clubs.
- Anyone under 18 or not in good standing with SARS.
- Up to R1 million: No approval for International Transfer (AIT) required.
- R1m – R11m: AIT from SARS required (valid for 12 months).
- Above R11m: Requires a “letter of compliance” from SARS and SARB approval.
- Standard AIT: ~21 working days.
- Amounts over R10 million: 4–10 weeks.
- R11 million per year without SARB approval.
- More than R11 million possible with special approval.
Yes, if these assets were obtained legally through allowances or permitted sources, you can invest other assets offshore in addition to your annual allowances (R11m per year) and special approvals (more than R11m per year). These assets include:
- Growth/income on previously transferred funds where such income was retained abroad
- Income earned abroad from a foreign employer after 1 July 1997 and either retained abroad or remitted to South Africa
- Foreign inheritances
- Own foreign capital introduced into South Africa on or after 1 July 1997 funds for which amnesty was granted in terms of the Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003), unless amnesty was granted on the basis that the funds had to be repatriated to South Africa
- Other amounts if specific approval has been obtained from the SARB
You cannot invest assets offshore that were acquired in contravention of exchange controls.
- From abroad: Yes, if there’s no recourse to SA.
- From another SA resident: Yes, but not if it circumvents exchange controls. Family loans are generally acceptable.
No. You may transfer in tranches under a valid tax clearance certificate.
Yes. It resets every year on 1 January. Unused amounts do not carry over.
You’re responsible for monitoring your transfers.
- If you notify SARB first: fine of 20–40% of the excess.
- If not: the full excess may be confiscated.
- Capital gains tax (CGT) applies if you sell units held as capital assets.
- Income tax applies if the units were held for speculation.
- Coronation funds are structured as roll-up funds, so income is reinvested (not distributed).
Usually not. Your SA will applies to global assets. But if you own significant/complex foreign assets, consult a local attorney in that jurisdiction.
Coronation can:
- Transfer proceeds offshore (subject to anti-money laundering rules).
- Pay into your offshore account.
- Pay into an SA currency account (subject to FICA and other laws).