New York-based asset management firm, Nile Capital Management, has in-depth investment expertise that covers the entire African continent.
The firm’sNile Pan Africa Fund seeks to capitalize on the investment opportunities in the growing, but under-researched and under-invested African markets, while enhancing investors' exposure to emerging markets.
The investment objective of the Fund is to provide long-term capital appreciation by investing in stocks of African-based companies.
Currently, Africa's 23 stock markets are highly under-researched, while its stock market valuations remain comparatively attractive.
Nile Capital Management believes active portfolio management can add significant value through research that includes monitoring macro trends, identifying the most attractive companies and avoiding high-risk areas.
Larry Seruma, CIO and Managing Principal of Nile Capital Management, who will manage the fund, said: “We are pleased to offer an actively managed mutual fund exclusively focused on Africa for US investors.
“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.”
Edited by Chris Farnell