New Star Heart of Africa Fund
December 21st, 2007
This new fund is an ideal option for anyone looking to add some spice to their portfolio.
Well aware of the ‘high risk/high return’ nature of this fund, New Star has taken the unusual step of imposing a £12,500 minimum investment, higher than the usual £1,000. The background to this fund seeking capital growth is that, after decades of political unrest and economic instability, Africa’s economic outlook is improving. There is a similar story of progress in the region’s stock markets. Sub-Saharan markets were worth nearly $60 billion at the end of 2006.
The manager of this fund has invested in African companies for over two years. The specialist and very high risk nature of the fund means that in addition to the minimum £12,500 investment, there is also an annual management charge of 1.75% along with a performance fee too.
To invest in this fund or for more information, please call a member of our Investments Team, get in touch online or invest online now via our Fund Supermarket.
Author: Philippa Gee
December 21st, 2007
Category: Fund News, Investments.
