View more on these topics

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.”

Recommended

Tech-based loan broker Citri offers a network alternative

A technology-based mortgage broking firm has been set up in partnership with The Mortgage Times.Citri has been created by former Axa distribution director Keith Atkinson, who worked at Allied Dunbar and Positive Solutions. It is funded entirely by private equity finance.Atkinson says he is setting up Citri as an alternative to the network model.He says: […]

A law unto itself

I would like to pose a question or two for the regulator and for the regulated. How far should a regulator be able to change things simply to make its life easier?

The wide reach of the RDR

The Retail Distribution Review is far reaching as we all know but I did not expect it to be so far reaching as to infringe on my journey into work the other day.

Strong sales growth for Q2 business

Life and pension business rose by 10 per cent in the second quarter of this year, according to figures from the Association of British Insurers.The ABI’s latest statistics show that new life and pension business rose to £4.5bn in the second quarter from £4bn in the same period last year.Individual pension business increased by 19 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com