Email of the day
“Thanks a lot for the excellent answer to my previous email regarding "investing" in the potential end of the government bond market bull it was much appreciated.
“I looked at the Standard Africa Fund mentioned in the last commentary - Here is a link for those interested -
“Although I like its allocation properties the entry criteria is high at $50,000 and it is not ISA'ble (if that's a word). After a fruitless search I have found nothing like it that has a similar allocation, lower entry criteria and is ISA'ble. Was wondering if you had such a question from others or had any pointers.
“Thanks in advance.”
Eoin Treacy's view Thank
you for your kind words and this question which may be of interest to subscribers.
I do not know of any additional UK listed funds that would be eligible for an
ISA and that have an acceptably low entry hurdle. If subscribers can suggest
any I would be happy to add them to the Chart Library.
The
US listed Market Vectors Africa Index ETF has a low minimum investment and its
largest weightings are: South Africa 25.43%,
Egypt 19.96%, UK 17.47%, Nigeria 15.78% and Morocco 13%. However it would not
be eligible for an ISA unless the FSA have been formally notified of the company's
intention to sell it into the UK market. The Fund
has been largely rangebound for more than two years. It rallied to break the
yearlong downtrend in February and has paused near $30 for the last few weeks.
Provided its continues to hold the majority of its gain this year, the benefit
of the doubt can continue to be given to potential for higher to lateral ranging.