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Africa is lion king for investment prospects

StanLib is setting up South African equity and regional African funds and claims that the investment outlook for the continent has never been stronger.

The Standard Africa equity fund will invest in up to 16 equity markets across Africa with its initial holdings focused in Egypt, Morocco, Nigeria and Kenya.

It will also have the freedom to invest in companies not listed in Africa but that derive most of their profits from there.

The fund will be run by Stanlib head of Africa investment John Mackie. The South Africa fund will be run by Richard Middleton and will hold between 40 and 50 shares, targeting returns of 4 per cent above the Johannesburg stock exchange.

Global investment marketing director Dylan Evans says Africa has demonstrated consistently stronger economic growth than developed markets since 2001.

He says: “Even so, few international investors seem to have noticed this and that helps explain why African markets can go up at a time when other markets are stumbling. Africa is unquestionably an excellent way to diversify an international portfolio.

“Despite prevalent misconceptions about Africa, an investment in African equities can actually help reduce portfolio volatility.”

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