View more on these topics

Neptune launches Africa fund

Neptune Investment Management today launched an Africa fund which will have at least half of its portfolio invested in South African equities.

Managed by Shelley Kuhn, the Neptune Africa fund aims to generate capital growth by investing in securities of companies which are either listed in Africa or are listed elsewhere but but get a significant proportion of their business on the African continent.

Apart from South Africa, the fund also has larger weightings in Egypt, Nigeria and Kenya. Although the fund can invest across a wide range of African countries, it will have a minimum of 50 per cent invested in South African equities at all time. According to Neptune, the size and liquidity of the South African market offers investors less volatility than a fund focused on sub-Saharan and North Africa.

Richard Green, the deputy managing director, says the new Africa fund is likely to attract investors that are want to diversify their portfolio overseas and invest in economies with significant growth potential.

Kuhn rejoined Neptune in April of this year, having taken seven months off to travel through Africa. She is based in South Africa.


Sweetening the jam jar mentality

People want to see all their money working together and experts believe that mortgages are a viable base to get people saving Lee Jones reports


Agreement over new European financial watchdogs

The European Union has reached an agreement on reforms in the financial sector with the creation of a European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets. The new watchdogs will have no direct supervisory powers, other than to oversee credit rating agencies, although they will have some additional emergency […]

UK industry data falls to 2010 low

UK manufacturing data slumped to a 2010 low in August, refuelling fears of a double dip. The Chartered Institute of Purchasing and Supply PMI index fell to 54.3 last month from 56.9 in July. This was the lowest index measurement since November 2009. RBS analyst Ross Walker says the major concern in the data is […]


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 thought leadership.

    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