Possibilities in a difficult market
BUY, HOLD, SELL: Exploring investment opportunities in Africa
This may be an opportune time to revisit some investment ventures in the rest of Africa. There’s not a huge choice, however
AMI BIG 50 Share price: R14.15ETF code: AMIB50 BUYBY INVESTING IN THE CLOUD Atlas AMI Big50 exchange traded fund (ETF) an investor will get a proportional shareholding in a sprawling portfolio of stocks listed across various African bourses — but not the JSE. While a spread of 50 stocks would appear to offer a reassuring degree of diversification, it is important to note that the AMI Big 50 portfolio is weighed heavily towards telecommunications and banking. At last count these two sectors made up almost 56% of the portfolio value. There is a meaningful exposure to food companies and industrials, and, not surprisingly an underweight exposure to the ailing African oil and gas and mining sectors. The ETF carries a management fee of 0.45% a year, and total fees work out at about 0.9%. This seems reasonable for a portfolio of shares that is not too easily accessed or researched by SA investors. An added attraction — especially for the income inclined — is that the fund distributes on a ...