Investment and Return Objective
The Fund invests in listed equity markets across Africa, excluding South Africa. It aims to achieve returns above the Nedbank All Africa Top 100 ex South Africa Index by investing in shares that are showing value relative to their trading price.
The Investment process follows an unbiased, quantitative bottom-up approach which invests in shares with various characteristics that have proven to pay rewards over time. The Fund will favour companies that represent good investment value, superior quality, positive market sentiment and exhibit lower volatility. Political and economic risks are also considered. Blending shares with different characteristics into the Fund helps to deliver a better diversified portfolio which results in improved stability in returns over time. Although the Fund aims to maximise returns over the long-term it is also structured to minimise the risk of underperforming the benchmark. The Feeder Fund is invested wholly in the Prescient Africa Equity Fund.
Who Should Invest
Investors with a long-term investment horizon who are seeking capital growth in US dollars and have an appetite for African equity market volatility.
Risk Indicator = Aggressive
Risk Indicator Definition
These portfolios typically hold meaningful equity and offshore exposure which may result in significant capital volatility.