Momentum launches Africa Fixed Income Fund

Momentum Global Investment Management has announced the launch of an Africa Fixed Income Fund, aimed at institutional investors looking to benefit from opportunities arising from the economic and demographic fundamentals that Africa has to offer.

The fund will be managed using a range of investment specialists based in the UK and across Africa. The fund aims to take a multi-manager approach to benefit from local market specialists and actively manage risk, Momenutm said.

The fund is managed by David Lashbrook, supported by Zee de Gersigny, CFA (MD, Momentum Africa Investments LLC), the team in South Africa and other managers.

David Lashbrook head of Africa Investment Strategies at Momentum GIM said:  “Whilst still in their infancy and clearly not without risk, African fixed interest markets offer investors a compelling investment opportunity.

“The fact that the markets are less developed has allowed well-informed active managers to achieve significant returns for investors in the past. This is likely to continue into the near future, given the strong tailwinds of economic growth and improved governance.”

Lashbrook concluded: “As an established investment manager in Africa, Momentum has a nuanced and subtle understanding of the complexities of the market and can leverage off existing skills and expertise to international investors.”

 

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