Ashburton launches Africa Equity Opportunities Fund

money sxcAshburton has launched its new Africa Equity Opportunities Fund as part of a strategy which will be focused on targeting undervalued listed African equities across sectors to achieve capital growth

Ashburton Africa Equity Opportunities Fund lead adviser Paul Clark said, “Now is an exciting time for Ashburton to be launching an Africa Fund. Africa is a growth story and seven of the ten quickest growing economies globally will be in Africa in the next five years.

“We are invested across Africa, targeting some of the fastest growing markets in the continent. Valuations are cheap relative to emerging markets globally and the consumer boom is leading to greater demand in other sectors such as infrastructure development, construction and leisure.”

Ashburton managing director Peter Bourne said, “While this is a new fund for us, Africa is extremely familiar territory. Ashburton is part of the FirstRand Group, one of the largest financial services groups on the African continent, giving us on the ground presence and local insights.

“Africa is no longer bracketed as a resource-dominated investment. It represents a multi-faceted opportunity for investors in some of the fastest-growing economies in the world.”

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