Jamie Allsopp's Heart of Africa fund has reported 10.5% growth since launch at the end of October las...
Jamie Allsopp’s Heart of Africa fund has reported 10.5% growth since launch at the end of October last after adopting an aggressive Nigerian slant. New Star’s most recent offering has adopted a 30% weighting to Nigeria, and has dampened down its target weighting to stricken Kenya from 13.5% to a 7% actual exposure. Top stock picks so far include Nigerian petroleum product group Oando, up 98% since initial investment. Nigerian group Continental Reinsurance has delivered 74% and Guaranty Trust Bank, of the same bourse, has reported a 41% result over the four months. The targeted UK wei...
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