Investec launches Africa Middle East fund

It will complement the company's established frontier market capability in Africa, and will be co-managed by Amr Seif and Roelof Horne, portfolio manager of the successful Africa and Pan-Africa funds. The AME fund will invest across the entire African continent, including South Africa and the Middle East. It will include Gulf countries and span around 25 countries altogether. Seif said: "Frontier markets, mostly in Africa and the Middle East, are emerging regions within the emerging markets. They are less developed, less mature economies with accumulating wealth, yet the markets are sti...