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Ashburton unveils Africa Equity Opportunities Fund

BBR Staff Writer Published 29 May 2013

Ashburton has rolled out its new Africa Equity Opportunities Fund, which will target undervalued listed African equities (ex-South Africa) across different sectors to realize long-term capital growth.

Led by Paul Clark, who is the head of Ashburton's Africa Equity Opportunities Fund, the fund will offer optimum investment opportunity to experienced retail and institutional investors, including the private wealth and family office space.

Clark said that the country presents better growth prospects for businesses as seven of the ten growing economies globally will be in Africa in the next five years.

The fund will invest in companies, which have major assets and are based in the country or their main source of income lies in Africa. It is likely that 80% of the fund will be invested in firms listed on African stock exchange.

Companies for investment will be chosen using a bottom-up selection process and the fund manager will invest only in companies that will offer sufficient liquidity to fulfill the fund's weekly liquidity terms.

Operating as a global investment management arm of the FirstRand Group, Ashburton offers a focused range of products to intermediaries, institutional investors and private clients.