Simply put, Africa is unique. As the second largest continent with thousands of languages spoken by its 1.1 billion population, Africa offers a whole host of investment options. To strive to capture this unique investment opportunity, Commonwealth Funds has developed the Africa Fund, designed to benefit from the emerging African economies and growing consumerism.
This strategy allows the Fund to access companies involved in industries as diverse as financial products, healthcare initiatives, transportation, tourism, power generation facilities, sanitation and clean water production, and industrial manufacturing. The Africa Fund provides you the ability to invest part of your assets in the continent of Africa, a region where limited dedicated funds are available.
The process to utilize this potential emergence by investing in companies within selected countries requires a dedicated research effort and analysis of:
- Various government inter-country alliances
- Separate marketplaces where the financial instruments of the companies are traded
- Legal framework and governance overseeing these endeavors
- Financial systems employed to provide information for the investing public
After thorough consideration of these and other factors, it is our opinion there are significant opportunities available which we believe represent long term potential. It is our goal to have many of these opportunities available through the Africa Fund portfolio, so you can bring it home.
The Africa Fund Investment Objective
The investment objective of the Africa Fund is to provide long-term capital appreciation and current income by investing in various African countries’ financial markets and economies. Many factors impact the Fund’s expense ratio, including the level of net assets.
The Advisor has agreed to waive certain annual expenses on a contractual and voluntary basis, however, the voluntary reimbursement for the Africa Fund’s expenses are subject to the Advisor’s discretion and may be discontinued at any time.
Risks of Investment
Learn about the principal risks of investing in the Africa Fund, which includes market, foreign security and geographic risk.