Sub-Saharan Africa Funds
Institutional Investments for Individuals
27 Feb 2019
Welcome to 2019. Once again Africa is presenting us with an exciting opportunity – wealth has started to increase and improvements are being made with regulatory frameworks, which is supportive of foreign investment. To outline our strategy for the year, please find our observations and predictions for the major African markets in which we participate.
SA is the most mature financial market in Africa. Last years ZAR depreciation has boosted exports, which has stabilised GDP growth and removed the economy from its recession. SA’s recover remains tentative with high levels of corruption and a pending election in May. Our SA exposure remains limited to the international gaming and entertainment company Naspers and British American Tobacco. Both companies are strong rand hedge and have stable earnings through their global businesses.Read more
19 Nov 2018
Poor investor sentiment left emerging assets strongly underweight in the global basket. Fund redemptions in illiquid markets forced good and bad quality risk assets even lower than last month. However, things are looking up. Reductions in the energy price and some rotation out of US assets have provided support for emerging assets towards the end of the month.Read more