Nile Capital Management has launched the Nile Pan Africa Fund, an actively managed mutual fund which focuses exclusively on the continent of Africa.
The fund seeks to capitalise on the investment opportunities in the growing but under-researched and under-invested African markets and enhance investors’ overall exposure to emerging markets.
The fund is available in the following share classes: A class load, C class no-load and I class institutional shares.
The investment objective of the fund is to provide long-term capital appreciation by investing in stocks of African-based companies. The fund diversifies broadly among the most attractive countries in Africa, identified through top-down macroeconomic analysis of Africa’s 53 countries. The investment team then employs bottom-up fundamental analysis to determine the most attractive companies in selected markets.
Larry Seruma (pictured), chief investment officer and managing principal of Nile Capital Management, will manage the fund.
“We are pleased to offer an actively managed mutual fund exclusively focused on Africa for US investors,” says Seruma. “It offers long-term investors expanded access to the best investment opportunities among emerging and frontier African economies. Our on the ground presence and proven investment process makes this strategy an attractive choice for investors looking to participate in the increasing number of high-growth public companies on the continent.”