Investing in Africa

Intereffekt Emerging Africa (IEA) is a subsidiary fund of Intereffekt Investment Funds N.V., established with a so-called umbrella structure. IEA is an equity fund, investing in listed shares in the northern and sub-Sahara regions of Africa. Initially it will focus on Egypt, Morocco and Nigeria. In addition, it will invest in Kenya, Ghana, Botswana and Mauritius. In principle, its portfolio will not include South Africa.

The relationship between global financial markets and African markets is low, because the latter are less sensitive to international developments. Its investment policy will be aimed primarily at achieving capital growth. The manager will not use a benchmark as a gauge for the purposes of determining investment policy or comparing the results achieved by the fund. The risk profile is high, due to investments being channelled into frontier/emerging markets in Africa.