Africa Funds

planteria

vectistim wrote: »

Charlemagne Magna Africa B (Accumulation)
JPM Africa Equity (GBP) (Income)
Neptune Africa Fund (Accumulation)
Renaissance Pan African (Accumulation)

thank you vectistim. any preference yourself?. i will consider these carefully....prefer Accumulation units if possible.

planteria

i was invested in the Neptune fund previously, but changed to JM Finn as i preferred their higher exposure to Cental Africa.

FatherAbraham

planteria wrote: »

anyone else in the same boat? anyone any ideas about alternative funds for exposure to 'black Africa'?

You can place a (perhaps small would be prudent) bet on Mugabe's death occurring before he completely annihilates the Zimbabwean economy via a holding in the small AIM-listed investment company, Cambria Africa http://www.cambriaafrica.com/, stock ticker CMB.L. TrustNet claims it's on a 65% discount to NAV.

Other Africa-oriented investment trusts here: http://www.trustnet.com/Investments/Perf.aspx?ctr=QS&univ=T&Pf_Geoarea=AFRI

Warmest regards,
FA

planteria

the Renaissance fund is very different in terms of geographical spread:

Top 10 countries
Nigeria 44.62%
United Kingdom 11.94%
Kenya 9.80%
South Africa 8.78%
Morocco 7.75%
Cash and Equiv. 4.72%
Togo 4.08%
Botswana 2.93%
France 2.30%
Mauritius 1.45%

planteria

a good case for investing in Africa, i think:

http://www.renasset.com/fileadmin/user_upload/Banner_PDF/Africa_s_growth_is_building_momentum.pdf

planteria

anyone any experience of Renaissance?
anyone any idea as to the likelihood of their Pan African fund surviving, and doing well, for the long-term?

Porcupine

planteria wrote: »

that is my frustration. lots of funds are very overweight South Africa (within their Africa exposure) as it is easy. Nigeria and Ghana, for examples, however, have massive growth, without the politics, unions and strikes.

You know the cliche 'this company is worth more than an African country'? Well, it applies the other way round too. The 'market cap' of an African country might not be large. So you might end up having traditional 'small cap' issues - too much investor cash chasing too few shares, on top of everything else. Not really feasible to run a billion-dollar fund if your constituents are only $5m companies.

cashbackproblems

planteria wrote: »

anyone any experience of Renaissance?
anyone any idea as to the likelihood of their Pan African fund surviving, and doing well, for the long-term?

Im always looking for high risk funds so this sounds interesting and have no exposure to Africa.

these are HL charges..what happened to TER/overal charge? Difficult to work it out from below.

Fund manager's initial charge

5.00%

HL saving on initial charge

5.00%

HL Dealing charge

Free

Net initial charge

0.00%

Fund manager's annual charge

2.00%

HL Annual saving (loyalty bonus)

0.50% 2

Net Annual charge

1.50%

Fund manager's other expenses

1.07%

Performance fee

No

HL Platform charge

Free

planteria

i have moved from the JM Finn Africa fund to the Renaissance Pan Africa fund.
they also offer a Sub-Saharan Africa fund.

grey_gym_sock

cashbackproblems wrote: »

these are HL charges..what happened to TER/overal charge? Difficult to work it out from below.

Fund manager's initial charge

5.00%

HL saving on initial charge

5.00%

HL Dealing charge

Free

Net initial charge

0.00%

i.e. no initial charge (that's the easy bit).

Fund manager's annual charge

2.00%

HL Annual saving (loyalty bonus)

0.50% 2

Net Annual charge

1.50%

Fund manager's other expenses

1.07%

Performance fee

No

HL Platform charge

Free

i.e. TER/OCF is effectively 1.50% + 1.07% = 2.57%

(and without a rebate, it would have been 2.00% + 1.07% = 3.07%)