BB African Opportunities Fund celebrates first?year anniversary
(Thomson Reuters ONE) -
Bellevue Asset Management / BB African Opportunities Fund celebrates first?year anniversary processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Promising debut year for emerging markets team at Bellevue Asset Management
BB African Opportunities gained 32% in value (in EUR) in its first year after
launch, capping a convincing performance by the team of emerging markets
specialists who joined Bellevue Asset Management in mid-2009. Although sweeping
reforms have been carried out in North and Sub-Sahara Africa in recent years,
the continent's growth potential and related investment opportunities have not
yet been fully acknowledged. The African continent was moving forward long
before it hosted the World Cup and it offers investors a wealth of
opportunities.
In mid-2009 a highly specialized team of experts from Bellevue Asset Management
with extensive experience in frontier markets launched a transparent
Luxemburg-based investment fund with daily liquidity to capitalize on the
long-term potential of the African continent. With a gain of 32.1% versus 22.5%
for the DJ Africa Titans Index, the Fund has generated an attractive first-year
return, both absolute and relative. Measured against competing investment
products, BB African Opportunities (ISIN B-EUR: LU0433847240) consistently ranks
among the top funds in terms of risk-adjusted performance and it has repeatedly
ranked as a top-tier fund in Morningstar's rating system. The Fund's investment
team consisting of portfolio managers and product specialists for new emerging
markets is one of the pioneers focused on Sub-Sahara stock markets and it is
steadfastly and seamlessly building upon its successful long-standing track
record. The Fund's performance since launch now stands at 32.4% (in EUR, as at
08/13/2010). "A distinguishing aspect of our strategy is our stringent
risk-management approach, which has resulted in consistently lower volatility
compared to several African benchmarks as well as competing fund managers," says
Malek Bou-Diab, Lead Portfolio Manager.
Many people still associate Africa with misguided economic policies, poverty and
corruption, but the reality is different: Africa's real gross domestic product
has been expanding at a more than 5% pace in recent years, which puts it in
third place behind the Chinese and Indian economies. Political and economic
reforms, declining levels of debt, inflation containment, growing foreign
currency reserves and foreign direct investment inflows have set new forces in
motion. Economic growth is also being driven by infrastructure investment -
energy and water, telecommunications, housing, railway and other related
projects. Africa is additionally benefiting from steady and strong commodity
demand from Asia.
A typical equity fund based on a broadly defined global emerging market index
will have approximately 7% to 8% of its assets invested in Africa and, in most
cases, nearly 90% of those assets will be invested in South Africa. In order to
participate in these new emerging markets, too, the addition of a well
diversified portfolio of African equities is recommended by e.g. investing in a
mutual fund. "Thanks to our strategic focus on investment opportunities in North
and Sub-Sahara Africa, and the corresponding significant underweighting of South
Africa and basic resources companies, our Fund is an ideal tool for enhancing
the typical emerging market strategy," adds Jean-Pierre Gerber, Senior Product
Specialist for Emerging Markets. African equities are suitable for risk-tolerant
investors who are familiar with the risks of emerging market investments and who
have a long investment horizon of at least five years.
For further information:
Bellevue Asset Management AG, Seestrasse 16/P.O. Box, 8700 Küsnacht/Zurich
Thomas Egger, Tel. +41 (44) 267 67 09, teg(at)bellevue.ch
www.bellevue.ch/bbafrican/eu
Bellevue Asset Management
Bellevue Asset Management is an independent and highly specialized asset
management boutique focused on managing equity portfolios for selective sector
and regional strategies as well as institutional portfolios, particularly in the
areas of healthcare, new markets and Swiss/European equities.
[HUG#1438257]
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Bellevue Asset Management
Seestrasse 16 / P.O. Box Kusnacht/Zurich Switzerland
Press Release_Bellevue Asset Mgt_17.08.2010:
http://hugin.info/142988/R/1438257/382846.pdf
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Source: Bellevue Asset Management via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 39734
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contact information:
Town:
Kusnacht/Zurich
Kategorie:
Business News
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