The First African-focused Mutual Fund
By now, nearly every American investor knows about the potential opportunities in the emerging markets of BRIC countries (Brazil, Russia, India, and China) and Latin America. What’s driving the growth potential, economists argue, is that countries with large populations and abundant natural resources are generating economic growth and nurturing consumer advancement toward the middle class. That movement, in turn, feeds outsized economic expansion. The very same dynamics are unfolding on the African continent, but rarely—if ever—are African countries mentioned as a place for U.S. investment. Larry Seruma wants to change that.
