Momentum Life has become the latest company to launch an offshore investment product as a result of a R300-million asset swap.
The minimum investment in the endowment insurance product, Equity International, is R1 000 with an investment term of five years.
The investment fund will be jointly managed by top-performing London-based Morgan Grenfell Asset Management and RMB Asset Management with the underlying investment through RMB Global Equity Fund, which is a unit trust registered on the Dublin Stock Exchange.