Investec launches Africa Middle East Fund

According to a statement released by Bakang Seretse of Investec Botswana, the fund is open-ended and daily traded, and will invest across the entire African continent, including the Middle East and Gulf countries.

Its investment will span roughly 25 countries, a population of over a billion people and a market capitalisation of $1.5 trillion. Seretse says a team comprising Amr Seif, who was formerly a Portfolio Manager for EMEA Funds at JP Morgan and Roelof Horne, and Portfolio Manager of the successful Africa and Pan-Africa Funds, will manage the Africa Middle East Fund.