You are here: Home » Breaking News » Investec launches Middle East ...
Breaking News
Investec launches Middle East and North Africa fund
13 May 2008
According to the company, the new product will offer offshore investors the opportunity to access emerging markets in the Middle East and North Africa.
The objective of the fund is to attain long-term total returns through the investment in the equities of companies who are based in the two regions.
Amr Seif, portfolio manager, said that the company's creation of the new investment fund shows that it recognises the investment case for the region and the interest that investors have shown in this area.
"The investment universe for the Fund offers access to ten countries with a total population of over 200 million and an equity market capitalisation of over a trillion US dollars," he stated.
Investec said that emerging markets have recently liberalised their economies, by a process of privatising and deregulating.
The asset manager has established a strong track record of frontier markets experience with $34 billion (£17 billion) of a total $60 billion (£30 billion) of AUM managed from Africa.
Source: Adfero
Login
Find A Company
Weekly Email News Round-up
Related news by topic
China Merchanting receives approval for refinancing
02 July 2008
China Merchanting announced that is has received approval for a seasoned equity offering worth eight...
Source: Adfero
Commercial Singapore property to be bought for $1.3bn
02 July 2008
Mapletree Investments has announced it is to enter into a joint venture with the Arcapita fund to pu...
Source: Adfero
Emaar Bawadi launches Maysan Towers
30 June 2008
Emaar Bawadi, a joint venture between Emaar Properties and Bawadi, has announced the launch of Maysa...
Source: Adfero