Specialist emerging markets manager Charlemagne Capital will launch its first Middle East and North Africa (MENA) fund next month.
Its ninth Magna sub-fund, the Charlemagne MENA vehicle will invest in Gulf states including Bahrain, Qatar, Saudi Arabia – as well as counties such as Algeria, Egypt and Morocco in North Africa.
Charlemagne says the fund will be exposed to various sectors within the region, including banking, industrial, real estate and telecoms.
Lead portfolio advisor is Gabor Sitanyi, working together with Sharat Dua and the team which has on average 18 years global emerging markets experience.
“The Gulf countries and North Africa offer safe, locally driven growth opportunities at reasonable valuations which the Magna MENA Fund will seek to capitalise on through our investment process,” Sitanyi says.
“We have spent the last 12 months researching this space, meeting with a large number of companies and we see plenty of attractive opportunities across a range of sectors.”
The Magna MENA fund will have sterling, euro, and US dollar share classes.IFAonline
The Aviva Investors Multi-asset Funds (MAF) target equity risk rather than absolute volatility. Thomas Wells, Multi-asset Fund Manager, explains that while absolute volatility varies significantly over time, the inherent risk of investing in equities remains relatively constant.
Will remain until completion of OM's managed separation
Dispute over structure of combined group
Financial Guidance and Claims Bill
Favorable tax treatment