New York-based Nile Capital Management
is bringing investments in Africa to American mutual fund investors.
The Nile Africa Mutual Funds
includes three equity funds and one fixed-income fund, reveals an SEC filing
from earlier this month.
The equity funds are organized by geographic region: There's the Nile East and Southern Africa Fund
, the Nile West Africa Fund
and the Nile Pan Africa Equity Fund
. The Pan Africa Fixed Income Fund
will, like its equity counterpart, invest in all of Africa.
Founder Larry Seruma
will lead portfolio management for the funds, with assistance from Tapio Pekkala
, Andy Chen
and Marc Wiersum
. Seruma has worked at Proxima Alfa Investments
since 2005, and he previously worked at Barclays
and the Chicago Board of Options Exchange
Raleigh, North Carolina-based Capital Investment Group
will act as the distributor for the fund.
All four funds feature expense ratios of 375 basis points.
Correction: A previous version of this story incorrectly reported the timing of Nile Capital Management's founding.
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