The fund seeks to capitalize on the investment opportunities in the growing but under-researched and under-invested African markets and enhance investors’ overall exposure to emerging markets. It is available in the following share classes — A class load (NAFIX), C class no-load (NAFCX), and I class institutional (NAFAX) shares.
According to the announcement, the investment objective of the fund is to provide long-term capital appreciation by investing in stocks of African-based companies. It diversifies broadly among the most attractive countries in Africa, identified through top-down macroeconomic analysis of Africa’s 53 countries.
Larry Seruma, Chief Investment Officer and Managing Principal of Nile Capital Management will manage the fund.
More information is at http://www.nilefunds.com.