LAURIUM AFRICA USD BOND FUND

As of 30 April 2024

Fund Details

The Laurium Africa USD Bond Fund aims to outperform the Standard Bank Africa Sovereign Eurobond (excl. South Africa) Total return index at lower levels of volatility over time.

The Fund provides a platform to gain exposure to Africa’s high growth markets via the debt markets. The Fund gives investors exposure to the African (ex-South Africa) markets by investing in highly liquid, US Dollar denominated fixed income instruments (eurobond).

There are over 20 African sovereigns issuing eurobonds via the Euroclear markets in Europe.

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Fund Facts

Benchmark
Standard Bank Africa Sovereign Eurobond (excl. South Africa) Total Return Index in USD
Risk Profile
Moderate
Fund Classification
UCITS
Fund Inception Date
01 December 2019
Fund size
$50.0m

Fund Performance (net of fees)

As of 30 April 2024
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Growth of R100 investment at inception

As of 30 April 2024
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Asset Allocation

As of 30 April 2024
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  • USD eurobonds
    92.3%
  • Local FX bonds
    5.2%
  • Cash
    2.6%

Country Exposure

As of 30 April 2024
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  • Egypt
    18.1%
  • Nigeria
    13.9%
  • Angola
    12.8%
  • Kenya
    10.1%
  • Ghana
    7.9%
  • Cote d'Ivoire
    7.1%
  • Morocco
    4.6%
  • Namibia
    4.6%
  • Mozambique
    4.2%
  • Senegal
    3.6%