Why Africa is under-owned

Sharat Dua, portfolio adviser to the Charlemagne Magna Africa fund, asks why the continent is not attracting investors' money.

The weakness and volatility in global stock markets seen in the past few weeks as a result of the “risk-off” trade has presented some attractive opportunities for the discerning investor with a longer-term horizon.  The case for some of the classic emerging markets has been made forcefully in certain quarters, but Africa is still not attracting a great deal of investor attention or money.  It should be.  Africa has long been seen as the “Final Frontier” for investors, with too many still clinging to outdated impressions.  However the IMF forecasts that six of the ten fastest growing econ...