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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Africa Key Facts Statement (English)

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Africa Key Facts Statement (Chinese)

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Africa Fund KFS (English)

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Africa Fund KFS (Chinese)

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About the Fund Manager

manager

Roberto Lampl

Portfolio Manager & Head of Emerging Market Equities (ex. Asia)

Roberto's Role

Roberto joined Alquity in 2013 and is responsible for all emerging market equity investments outside Asia.

Biography

Roberto holds a BA in Economics from Boston University and an MBA from F.W. Olin Graduate School of Business at Babson College.

Roberto has over 20 years’ experience investing in Emerging and Frontier Markets. Having gained a strong foundation in country risk and credit risk analysis at ABN AMRO Bank and FMO, he went onto manage ING Investment Management’s Latin America equity fund, taking it from US$50m to US$500m from 2004 to 2010. During this time he was also co-lead on ING IM’s Global Emerging Markets Equity Funds.

Following ING, Roberto managed Baring’s Latin America equity funds in 2010/2011, and was appointed Head of Global Emerging Market equity funds in 2011, responsible for US$3bn in assets.

Fund Prices

NAV dateShareclass nameISINShareclass ccyPrice
15/01/2020ALU0455925619EUR62.61
15/01/2020ALU0455925619USD69.82
15/01/2020ALU0455925700GBP88.60
15/01/2020BLU0455925882EUR57.35
15/01/2020BLU0455925882USD63.95
15/01/2020BLU0455925965GBP77.24
15/01/2020ILU0457369972EUR64.28
15/01/2020ILU0457369972USD71.68
15/01/2020ILU0457370475GBP79.72
15/01/2020MLU0727489998EUR66.95
15/01/2020MLU0727489998USD74.66

PORTFOLIO OVERVIEW

Top 10 Holdings

  1. Commercial International Bank 8.0%
  2. Edita 8.0%
  3. Cleopatra Hospital 6.2%
  4. Label Vie 4.8%
  5. Nestle Foods Nigeria 4.6%
  6. Discovery Ltd 4.6%
  7. Vivo Energy 4.5%
  8. MTN Group 4.4%
  9. Domty 4.3%
  10. Bidvest Group 3.9%

Geographic Allocation

Egypt
34.8%
South Africa
31.4%
Morocco
14.5%
Nigeria
10.0%
Regional
4.5%
Namibia
2.4%
Botswana
2.2%
Tunisia
0.3%
Cash
-0.1%

Industry Allocation

Food and Beverage
26.3%
Banks
10.3%
Diversified Financials
9.6%
Consumer Services
9.2%
Telecoms
8.2%
Capital Goods
7.8%
Healthcare
6.2%
Insurance
4.8%
Energy
4.5%
Consumer Durables
4.5%
Materials
3.1%
Retailing
3.0%
Media
1.6%
Real Estate
1.1%
Cash
-0.1%

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