Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Threadneedle to roll out African strategies in Stanlib tie-up

 Threadneedle to roll out African strategies in Stanlib tie-up

Threadneedle Investments is to roll out two Africa strategies through a tie-up with South African investment manager Stanlib.

Under the promotion and referral agreement, Threadneedle will offer access to Stanlib's Africa strategies and the South African firm will similarly offer African investors access to Threadneedle’s fund range.

Threadneedle will roll out Stanlib's Africa ex South Africa equity strategy, alongside global emerging market property and direct property investment opportunities.

Michael Housden, head of Middle East and Africa distribution at Threadneedle, commented: 'We are delighted to be able to offer investors across the globe access to African strategies which invest in some of the fastest growing and still largely untapped markets in the world.

Dylan Evans, Stanlib's head of international business development, added: 'Collectively, Africa’s economy is around $2 trillion and is expected to reach $2.6 trillion by 2020.

'The continent counts some of the world’s fastest growing economies. Yet, very few of the largest 200 pension funds in the UK and Europe are known to have any dedicated exposure to Africa.'

He added: 'However, a well-diversified African portfolio can be profitable for investors even when individual markets are under pressure, different African markets being driven by different dynamics.

'The outlook for 2014 is promising, with Africa’s GDP growth expected to grow by around 5.5% in 2014, the average rate over the past decade—faster than any other region in the world, according to the Economist Intelligence Unit.

'An investment in Africa is certainly likely to be more volatile than in other markets but we believe Africa's superior growth prospects and under-representation in investors' portfolios create many opportunities for long-term investors.'

The two investment managers have been working closely since August 2012, when Threadneedle was awarded a mandate in excess of $800 million in global and emerging market equity and global balanced portfolios to run on behalf of Stanlib. Today, Threadneedle manages just over $1 billion on behalf of the firm.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter