Gateway to Growth

Launched in 2010, the Alquity Africa Fund gives investors access to the dynamism and unparalleled growth potential of an evolving region.

In a continent of 54 diverse countries, the importance of local knowledge cannot be overstated, and the sustainable competitive advantage enjoyed by companies with established market share and operations is significant. Investment in our Africa Fund also affords compelling optionality, against the backdrop of Egypt’s revenue rejuvenating reforms and the potential for a leadership change to unlock South Africa’s potential.

Unique in character but consistent in approach, each of our funds exemplifies Alquity’s investment principles. Our multi-faceted analysis, combining macro and micro factors and long-term themes, alongside key engagement with our firms, establishes high conviction portfolios with a responsibly competitive edge.

icon Fund Literature

Africa Factsheet - GBP Y

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Africa Factsheet - GBP I

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Africa Factsheet - USD I

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Africa Factsheet - EUR I

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Africa KIID - GBP Y

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Africa KIID - GBP I

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Africa KIID - USD I

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About the Fund Manager

manager

Mike Sell

Head of Global Emerging Market Equities

Mike's Role

Mike joined Alquity in 2014 and is responsible for Global Emerging Market Equities

Biography

Mike holds a First Class BA in Economics from Southampton University and was awarded the Pearce Rowan prize.

Mike has over 20 years’ experience investing in Asian equities. He joined Baring Asset Management as a graduate trainee in 1994, where he became a member of the Emerging Market Asset Allocation Committee. Mike was then appointed Senior Partner at Thames River/Nevsky Capital, where he grew their Emerging Market assets to US$7bn over 7 years, before moving to F&C with the long only Emerging Market business in 2011.

Fund Prices

NAV dateShareclass nameISINShareclass ccyPrice
01/03/2021ALU0455925619EUR58.21
01/03/2021ALU0455925619USD70.15
01/03/2021ALU0455925700GBP83.18
01/03/2021BLU0455925882EUR52.99
01/03/2021BLU0455925882USD63.86
01/03/2021BLU0455925965GBP72.33
01/03/2021ILU0457369972EUR60.13
01/03/2021ILU0457369972USD72.46
01/03/2021ILU0457370475GBP75.30
01/03/2021MLU0727489998EUR62.27
01/03/2021MLU0727489998USD75.05

PORTFOLIO OVERVIEW

Top 10 Holdings

  1. Hightech Payment Systes 6.8%
  2. Sanlam 6.0%
  3. Capitec Bank Holdings 6.0%
  4. Commercial International Bank 5.7%
  5. Label Vie 5.7%
  6. Mutandis 5.2%
  7. Maroc Telecom 4.9%
  8. CIRA 4.8%
  9. Attijariwafa Bank 4.6%
  10. Cleopatra Hospital 4.4%

Geographic Allocation

Egypt
35.5%
Morocco
32.2%
South Africa
21.9%
Kenya
7.3%
Botswana
2.8%
Namibia
2.1%
Cash
-1.7%

Industry Allocation

Banks
21.5%
Consumer Services
17.2%
Food & Beverage
12.6%
Diversified Financials
9.7%
Telecoms
8.9%
Insurance
8.9%
Consumer Durables
7.1%
Healthcare
6.5%
Retailing
4.3%
Transportation
3.0%
Pharma
2.0%
Cash
-1.7%

Transforming Lives, Creating Opportunity

We strive for meaningful social progress and believe in enabling growth from the bottom up. To drive this growth, we donate a minimum 10% of our revenues to charitable projects in the regions where we invest. These donations help to build fairer, more sustainable economies and enables the companies we invest in to prosper. This also broadens our level of insight through meaningful engagement and connects our clients to both social progress and handsome returns.

In Africa, we currently have charity partnerships with AfriKids in Ghana and Hand in Hand in Kenya, working on projects overcoming discrimination and creating sustainable livelihoods. To date we have directly transformed 16,217 lives, in turn impacting 42,673 lives in total across the continent.

Visit the alquity transforming lives foundation website

Discover Our Other Funds