 |
|
| Dow | Nasdaq | About Us | Disclaimer |  |
RSS Feed |  |
Follow us on Twitter |
|
Featured Advisors |
Monday June 11, 2012
Promising growth ... out of Africa
by Jim Powell, editor Global Changes & Opportunities Report I believe that the African continent will be the most profitable large investment of the century. And the best way to invest is through a fund that focuses on the strongest countries and the most promising companies. Africa has been overlooked for so long that it has little exposure to the contaminated economies of the developed world. The International Monetary Fund expects the economy of sub-Saharan Africa to expand 5.8% this year, vs. perhaps 2.5% for the rest of the world. For large economies, Africa’s growth is second only to China’s and he investment world has finally started to take notice of the opportunities the continent offers. Last year, foreign direct investments to Africa grew 27%, according to an Ernst & Young survey and annual inflows -- now about $80 billion -- should reach $150 billion by 2015. Africa will be volatile and must be considered a long-term investment. However, I think it will be exceptionally profitable. And the best way to invest is through a fund that focuses on the strongest countries and the most promising companies. If you want an investment that is managed rather than one that tracks an index, I recommend the no-load T. Rowe Price Africa & Middle East Fund (TRAMX). As its name reveals, the fund invests in both Africa and selected Middle East countries. In Africa, fast-growing countries with relatively stable politics are emphasized, such as Ghana, Botswana, Tanzania, Cape Verde Islands, Kenya, South Africa, and Zambia. The Middle East investments are primarily in Qatar, Abu Dhabi, and Dubai that are regional economic centers with great promise. Overall, the fund is well diversified. Learn more about this financial newsletter at Jim Powell's Global Changes & Opportunities Report. Related articles: 
|
News Flash
|
|