Africa ex-SA funds
The Fund invests in a focused portfolio of companies with significant business interests in Africa (excluding South Africa), regardless of the location of the stock exchange listing. The Fund price is reported in US dollars but the underlying holdings are denominated in various currencies. Returns are likely to be volatile.
The Fund invests in a focused portfolio of African (excluding South Africa) interest bearing assets that are selected for their perceived superior fundamental value and expected risk and return profile. The Fund may invest a substantial portion of the assets in a single country or region rather than a diversified portfolio of assets.