Stanlib Africa fund hits $250m investment

It has attracted investors from the UK, Europe and the Middle East and has returned 27.2pc in $ terms in the six and a half months to March 1, 2008, compared to the 8.02pc returned by the MSCI Global Emerging Markets index over the same period. The fund currently holds shares in 48 companies from nine African countries and six industry sectors, including banks and financials (41pc), resources (21pc) and construction (13pc). Dylan Evans, global investment marketing director at STANLIB, said: "Since the launch of the fund last August, we have found that Africa has suffered less than other...