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Mark Mobius, executive chairman of the Templeton Emerging Markets Group and lead portfolio manager of the fund, says: “We believe that Africa’s markets present significant opportunities for development due to a combination of strong economic growth, rising demand for the region’s vast natural resources, and a growing consumer market.

“Africa is expected to grow more than 7% annually in the next 20 years, due to an improving investment environment, better economic management and developed as well as emerging markets rising demand for the continent’s resources, all of which offers a compelling proposition to global investors.”

Ian Wilkins, Franklin Templeton UK country head, adds: “UK retail and institutional investors are showing considerable appetite for frontier markets as they look to access the fastest-growing economies in the world.”

The Templeton Africa fund has received verbal approval from the Luxembourg regulator, the CSSF.

The fund will aim for long-term capital growth by investing in African-listed equities or companies based elsewhere but with principal business activies in Africa.

The fund will be launched as a sub-fund of its Luxembourg-registered Sicav. The minimum investment in the fund is $5,000 or currency equivalent and the AMC is 1.6 per cent.

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Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service

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