View more on these topics

Defaqto on JM Finn’s CF JM Finn Africa Fund

View of Defaqto insight analyst for funds Fraser Donaldson

Donaldson says: “This fund seeks both capital and income growth through investing in the economies of continental Africa. It will invest predominantly in equities and bonds.

“The companies invested in will either be situated in Africa or trade with African economies. The fund may also invest in other transferable securities such as collectives, money market instruments and deposits. Derivatives will be used for efficient portfolio management only.

“Fund manager Anthony Eaton has a good track record with the JM Finn global opportunities fund. The manager believes that Africa is well placed to take advantage of its position as a major supplier of raw materials and commodities. He also believes that as with other emerging markets, growing wealth will inevitably lead to increased domestic demand from consumers.

“There is no doubt that emerging markets as a whole have been the place to invest over the last couple of years. Arguably, despite the perceived risks of investing in emerging markets regions, the fundamentals may well be superior to those of the developed economies.

“However, Africa is a big continent so advisers and investors must be aware of the political, economic and social risks of investing in such a diverse market.

“For advisers that are knowledgeable about this region or have clients that want to invest specifically in African economies and understand the risks, this is a fund that is worth considering.

“For those that do not have sufficient knowledge of individual emerging markets and regions, there is plenty of generalist emerging market funds where the fund managers, with all their resources, decide which specific emerging markets to invest in.”



Osborne forced to withdraw bank bonus plans

Chancellor George Osborne (pictured) has been forced to withdraw plans to improve pay transparency in the banking sector after deputy prime minister Nick Clegg and business secretary Vince Cable made it clear the Liberal Democrats would not accept the proposals. According to the Financial Times, the “peace deal”, which was formulated with the help of […]

Adviser Fund Index

The Adviser Fund Index rebalancing in November was in many ways as notable for what failed to happen as what did happen. With so much coverage analysing the relative strength of the developing world against sluggish developed economies, it is perhaps surprising that panellists resisted the temptation to significantly increase their allocation to the Asia/Pacific […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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