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Nile Capital Management Launches NAFAX On Four Brokerage Platforms

Nile Capital Management has launched the Nile Pan Africa Fund on four major brokerage platforms.

The Nile Pan Africa Fund is a mutual fund that focuses exclusively on investment opportunities in Africa and covers the entire continent. The fund has been added to the Charles Schwab, Fidelity, Pershing and Scottrade platforms. It is also available on the Sterne Agee platform.

According to the company, the investment objective of the Nile Pan Africa Fund is to provide long-term capital appreciation by primarily investing in stocks of African-based companies. The fund diversifies broadly among the most attractive countries in Africa, identified through top-down macroeconomic analysis of Africa’s 53 countries. The investment team then employs bottom-up fundamental analysis to determine the most attractive companies in selected markets.

Larry Seruma, portfolio manager of the fund, said: “We are encouraged to see that major brokerage platforms have acted quickly to add the Nile Pan Africa Fund to their rosters. Africa’s low correlation to global markets offers the potential to add return to your portfolio while lowering overall risk; diversify your investment; and deepen or actively manage your allocation to emerging markets.”