IPRO African Market Leaders Fund, our pan-Africa long-only equity strategy, was incepted in July 2008. The strategy follows a thematic bottom-up approach. The fund invests in shares of companies domiciled in Africa, as well as companies listed on international exchanges who derive the overwhelming part of their revenues from the African continent.
Investee companies are market leaders or expected to be market leaders in their respective sectors or industries on a national or regional level. Currency risk of non US$ holdings, who represent the vast majority of the portfolio, is monitored but not actively managed. The fund has the propensity to invest in niche African equity markets and is not benchmarked.
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