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