South African investment fund managers are moving fast to meet investor demand for offshore diversification, according to Guernsey Finance.
BNP Paribas Asset Management (BNPP AM) has launched a new Emerging Markets Equity mutual fund that will have exposure to South African equities. The BNPP AM Emerging Markets Equity Fund seeks long-term capital appreciation by investing in quality companies at a compelling price over a long-term investment horizon.
The African Power Platform (APP) has been launched as a new initiative to connect Governmental and Private Stakeholders of the African power sector by creating a network where they can connect with ease.
Investec Asset Management has strengthened its strategic partnership with the China-Africa Development Fund (CADFund), the Chinese government’s main platform for facilitating Chinese investment in Africa with AUM of around $10bn.
Global impact asset manager Finance in Motion has joined forces with Unique, a timber sector advisory company, to establish a new impact fund for sustainable forestry, the Arbaro Fund.
Mergence Investment Managers, a majority black-owned asset manager with offices in Cape Town, Johannesburg and Windhoek has announced the opening of a newly licensed subsidiary in Maseru, Lesotho.
Zimbabwean stocks are expensive for new money investment, Hasnain Malik - Managing Director, Frontier Markets Equity Strategy at Exotix, has said.
Norfund has, together with Shuraako, a program of One Earth Future, and the Danish development finance institution, IFU, have launched the Nordic Horn of Africa Opportunities Fund.
Despite improved economic growth and better fundamentals, African Eurobonds have been hit hard in 2018, with at present 48% of African credits trading with yields over 7%, according to Renaissance Capital.
Imperial College London and the Massachusetts Institute of Technology (MIT) have launched a seed fund for ‘blue-skies’ research worth up to $100,000, with a regional focus on Africa.
Several African countries have reported a rise in their GDP despite fears over increased debt according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.
Barclays Africa Group shareholders have approved that the group changes its name to Absa Group in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.
Zambia’s US Dollar-denominated bonds continue to weaken, as the government has still not clarified the debt situation or its fiscal and borrowing plans, according to Exotix Capital.
The South African hedge fund industry ended 2017 with assets under management of R62.4bn, a decline of R5bn from the R67.4bn managed at the end of 2016.