Abu Dhabi-owned fund Invest AD is betting on its range of investment products to tap growth opportunities in fast-growing Africa, a continent which the state-owned investment firm believes is still undervalued for its potential.
"If you look at Africa, there are opportunities across the board and it's not as well-defined as in some other more mature markets. So we want to build a suite of products that captures that growth," Chief Investment Officer David Sanders said in an interview.
As part of the move, Invest AD has converted its existing Emerging Africa Fund to a Ucits standard fund -- viewed as more regulated, transparent and liquid -- to lure risk-averse European investors, Sanders said. The fund expects to be $40 million in size by the end of May.
No comments:
Post a Comment