Investec unveils Africa Opportunities fund

Investec Asset Management is launching its first pure African equity fund targeted at the UK and European retail investor.

The Investec Africa Opportunities fund, managed by Malcolm Gray, aims to capture the strong growth prospects of the rapidly developing continent through a portfolio of about 30 highly liquid equities. While the fund can invest in the more established South African market, it will also target markets such as Nigeria and Egypt to capture what it views as the African growth story. Part of Investec’s Luxembourg-domiciled GSF range, all companies owned in the fund must have a market capitalisation of more than $100m. “Key to our investment process is to identify companies listed on both...