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FMG AFRICA FUND

Africa is the last sizeable and investable virgin territory available to investors. The continent is rich in natural resources and in addition, the continent comprises 20% of the world’s land mass. It also has a young, growing population of over one billion. The African stock markets are small but growing fast. Companies are under researched and markets show very little correlation but investors are showing increased appetite for this final frontier.

Africa at a Glance

• An abundance of commodities

• Excellent demographics

• Declining political risk

• Low level of sovereign debt

• Major steps forward in education, health and technology

• Superior GDP growth

MOST RECENT POSTS

FMG (EU) Africa Fund lost 6.1% in the 3rd Quarter

During the third quarter most African markets joined the global equity market rally. African currencies were also broadly stronger with the exception of the Nigerian Naira, which weakened by 12%. The top performing markets were Egypt +22%, Morocco +8% and Mauritius...

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Fund Forum Africa

14-16 September 2016 Hilton London Canary Wharf, London   Debating The Africa Growth Story At The Region's Leading Asset Management Conference...

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COUNTRY EXPOSURE

  • Nigeria 41%
  • Kenya 13%
  • Cash 11%
  • South Africa 8%
  • Egypt 6%
  • Morocco 5%
  • Sub Sahara 4%
  • West Africa 3%
  • Mauritius 2%
  • Tanzania 2%
  • Ghana 2%
  • Botswana 1%
  • Zambia 1%
  • Uganda 1%

FUND DESCRIPTION

The FMG Africa Fund is a multi-manager fund investing its assets across Africa with a focus on the Sub-Saharan region; an area we believe has the most potential for long term growth. The majority of the Fund’s exposure will be long biased. By combining the alpha generating skills of seasoned managers specializing within the region, the portfolio will be diversified utilizing complementary investment strategies across geographical areas and sectors.

Proprietary risk management models, top down fundamental analysis, timing models to determine allocations between the regions and a disciplined portfolio management process will ensure risk is managed soundly. Our due diligence process has taken us to the region extensively over the years, and we will continue focusing significant research efforts on this area of the world which we believe has such immense growth potential.

FUND PARTICULARS

Investment Profile
Investment Focus
Investment Objective
Investment Horizon
Risk Level
Management
Fund Structure
Fund Type
Inception
Base Currency
Currency Classes
Minimal Init. Investment

Frontier Markets
Sub-Saharan Africa
African Equities
3-5 Years
High
Multi Managed
SICAV
AIF
2007
USD
USD, EUR, GBP, SEK, NOK
Class: A&L €15,000, B €75,000
or lower when dealt via »»

Dealing
Prenotice (Buy)
Prenotice (Sell)
Cut-off Time
Load Fee
Annual Management Fee
Performance Fee
Income Distribution
Domicile
Regulator
Custodian
Administrator
Audit

Monthly
5 Business Days
30 Business Days
5:00PM CET
Up to 5%
Class A&L: 2%, B: 1.5%
Class A&L: 20%, B: 10% HWM
Accumulation
Malta
MFSA
REYL
Apex Fund Services
Deloitte

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Disclaimer: FMG (Malta) Limited (“FMG”) is licensed by the Malta Financial Services Authority (“MFSA”) as a category 2 Investment Services Provider as provided in the Investment Services Act Chapter 370 of the Laws of Malta. FMG is authorized to act as a full scope alternative investment fund manager (“AIFM”) in terms of Directive 2011/61/EU of the European Parliament and of the Council on alternative investment fund managers (“AIFMD”). This summary is for information purposes only and does not constitute an offer to sell or a solicitation to buy. Citizens or residents of the United States and India may not invest in these Funds. All Funds may not be marketed to Swiss citizens or residents except those considered as “regulated qualified investors” by the Swiss Collective Investment Schemes Act and the Swiss Collective Investment Schemes Ordinance.  Investors who wish to obtain information on these funds will only be provided any such materials upon receipt of an appropriate reverse solicitation request in accordance with the requirements of the EU AIFM Directive/Swiss Law and/or national law in their home jurisdiction.  Opinions and estimates constitute the manager’s judgment and are subject to change without notice. Past performance is not indicative of future results. Investments in Emerging Markets should be considered high risk where a portion or total loss of capital is conceivable. No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his/her initial capital, and investment results can fluctuate substantially over any given time period. Please refer to the relative Fund’s prospectus which contains brief descriptions of certain risks associated with investing in the fund. FMG funds or funds marketed by FMG are aimed at experienced investors and you have to fit in this category to be able to invest in such funds. Questions should be directed to your local representative or financial advisor. This document may not be reproduced, distributed, or published for any purpose without the prior written consent of the manager. Above chart: FMG (EU) Africa Fund B ISIN MT0000076878, MSCI EM Index, MSCI FM Africa Index (USD) 2013-12-30 to 2016-12-30, data source: Bloomberg. Exposure chart is updated January 2017, data source: FMG Copyright (C) 2017 FMG. All rights reserved.