Alquity Africa fund launches in Europe

Hansard has launched its Alquity Africa fund in Europe, responding to demand from IFAs in the region

European investors hoping to tap into Africa can now access the Alquity Africa fund through a platform offered by Hansard Europe Limited, following a reportedly successful launch in dollars last year and demand from IFAs.

Originally launched in the UK in June 2010, the emerging markets fund invests predominantly across Africa and across all sectors.

Later that year, it became available in dollars through a platform offered by Hansard, a long-term savings provider that distributes and develops investment products.

In January 2011, it opened to investors in Hong Kong.

Demand from European IFAs for emerging markets products has now driven Hansard to select the fund in euros.

The fund is designed to appeal to a wide range of investors, from high net worth individuals who typically are interested in emerging markets, to institutional and retail investors.

For its A class product, Alquity requires a minimum investment of $/Eur2,000, or £1,000. For B Class, it asks for $/Eur10,000, or £5,000, and for C class $/Eur1m or £0.5m.

The fund is actively managed, long-only, and an open-ended Sicav. Domiciled in Luxembourg, it complies with Ucits III.

New and existing European clients can access the fund through Hansard’s regular premium products, Retirement Programme and Focus, and its single premium product, Capital Builder.

With 53 countries, a growing population over 1bn, GDP of $2.8trn, natural resources and commodities, Africa is seen as well-placed for future economic growth.

“Alquity offers Hansard’s clients the chance to make attractive returns from the new emerging economies of Africa and it underscores the growing recognition of the value to be created in the region,” said Chair of the fund Paul Robinson.

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