Bellevue BB African Opportunities Fund

  • Overview


    Long-only African equities fund focusing on structural growth opportunities mainly in North and Sub-Saharan Africa

     

    Key Facts

     

    Why an ‘Africa’ fund? Africa is still a largely untapped continent with attractive growth potential. The primary drivers are structural change, reforms, natural resources and infrastructure investment. Capital markets exhibit low correlation with other stock markets, especially those in other emerging markets.

    Investment Universe The Fund invests primarily in listed companies operating out of the emerging markets of Africa. These are mainly countries in Northern Africa and the Sub-Sahara, but the Fund additionally invests in attractive opportunities in South Africa

    Investment Process Top down analysis followed by bottom-up stock picking with fundamental research

    Portfolio Construction The Fund typically holds 50-70 positions, and tends to focus on solidly financed, transparent and long-term growth companies throughout the continent

     

     

     

     

    Fund Managers

     

    Malek Bou-Dilab
    Lead portfolio manager of the Fund with 9 years investment experience, with 5 on African equity portfolios. Prior to which he was the portfolio manager of the JB Northern Africa and Nikko Africa Funds at Julius Baer Asset Management

    Elena V. Ogram, CFA Co-portfolio manager with 11 years experience in analysing emerging markets companies. Prior to which she was an emerging market portfolio manager at Bank Julius Baer and business consultant at McKinsey & Co

    Jean-Pierre Gerber Senior product specialist Emerging Markets with 16 years professional experience. Prior to which he was Product Specialist Emerging Markets and Head of Fund Research at Julius Baer Asset Management

     

    Why the Bellevue African Opportunities Fund?

    The Fund offers an excellent complementary building block for emerging markets investors. It is managed by emerging markets experts, who are highly familiar with local culture and customs. The investment team is experienced and has a competitive track record in managing African equity investments. Bellevue AM is an active member of the Swiss African Business Circle

    Literature

    Fact sheet – April ’13 EUR (I)

    Fact sheet – April 13 GBP (I)

    Fund Brochure

    KIID Document

     

     

    Fund Facts


    Fund Type: UCITS IV SICAV

    Domicile: Lux

    Currency: €/$/CHF/£

    Dividends: Accumulated

    Benchmark: DJ African Titans 50

    Fund Inception: 30 June 2009

    Share Class:
    B (Retail), I (Institutional)

    Minimum investment:
    none (B), €500,000 (I)

    Initial Charge:
    Up to 5% (B), up to 1% (I)

    AMC: 1.60% (B), 0.90% (I)

    Administrator: RBC Dexia

    Dealing: Daily at 3pm CET