Investing in Africa

Purchase

How can you purchase shares in Intereffekt Emerging Africa? 

To buy or sell shares of Intereffekt Emerging Africa (IEA) you can place an order with your own bank or stockbroker. The  ISIN Code is NL 0006173007.

The cut-off time for orders for shares in IEA has been set at 4 pm. This means that IEA must receive an order by no later than 4 pm for fulfilment based on the transaction price which is to be determined the following Trading Day (“T”). Any orders which are received after that time, will be processed on the basis of the net asset value on the valuation day following (“T + 1”) that Trading Day.

IEA incurs costs when it buys and sells shares in IEA. They are the direct costs involved in issuing and acquiring the shares concerned, such as brokers’ fees and any “market impact”. The term, “market impact”, applies where orders cannot be executed without this having a significant effect on share prices. These costs are paid from a margin based on the net asset value where shares in IEA are issued on balance, or a surcharge in the event of net purchases. The price that is determined in this manner is called the “transaction price”. For the purposes of transparency and simplicity the manager has decided on a fixed rate of 1% for this margin and surcharge.

The margin and surcharge are designed to cover the average transaction costs incurred by IEA in the long term when purchasing or issuing shares. The amount has been determined on the basis of the actual buying and selling costs associated with the financial instruments in which the fund invests. The manager may adjust this rate, if this long-term average varies as a result of market conditions. The result achieved with the aid of this margin and surcharge will accrue entirely to the fund.