NESTOR Afrika fund
The NESTOR Afrika fund has adopted a long-term investment strategy covering a wide range of countries and sectors. Growth opportunities and investment risks vary according to country, sector and investment theme, and the fund takes account of this through targeted underweights and overweights.
The fund invests primarily in blue chips with a market capitalisation and liquidity that are acceptable in the African context, although it does also select the equities of smaller companies. As the fund's investment objective is to achieve above-average returns, it also weights aggressively by country and sector. Up to 10% of the net sub-fund assets can be invested in the shares of companies incorporated or doing most of their business outside Africa. In addition, up to 10% of the sub-fund assets can be invested in unlisted securities (e.g. pre-IPO investments).
Fund prices
Fund advisor
Hartmut Sieper
Hartmut Sieper has been advising the NESTOR Africa fund since its launch in January 2009. A well-known author, he is also owner-manager of Trans Africa Invest GmbH, a company which seeks to smooth the way for German entrepreneurs to do business in Africa. The company has a broad network of experts and representatives across 16 countries.
Sieper studied chemistry and geography at the Technical University in Darmstadt and then trained as a banker. He started his career as a financial specialist with Commerzbank in 1987, moving to Georg Hauck & Sohn Bankiers in 1992. In 1995, he joined the board of the listed investment company East Capital Beteiligungen AG (now Unylon AG), concentrating on analysing investments and stock market transactions in Eastern Europe. The emerging economies there provided him with valuable experience for his subsequent specialisation in Africa.
Hartmut Sieper is a recognised specialist in technical analysis. Until 2000, he was the chairman and CEO of the Vereinigung Technischer Analysten Deutschlands e. V. (German Association of Technical Analysts – VTAD) and a member of the Board of the International Federation of Technical Analysts Inc. (IFTA) in New York.
