JM Finn & Co launches pan-Africa fund

JM Finn & Co is launching an Africa fund to profit from the continent's transition from global commodities supplier to consumer-driven market.

The JM Finn Africa fund will be managed by Anthony Eaton, who made 131.3% on the firm's Global Opportunities fund in the six years to 29 October. His new fund will seek capital growth and income from its investments, mainly in large cap equities. He says: "As Africa continues to benefit from global demand for its commodities, the associated growth of a young educated mobile middle class creates an exceptional investment environment. "Our strategy is to invest in the major suppliers of highly sought after raw materials and companies that benefit from the associated growth of a middl...