Bellevue Asset Management's BB African Opportunities Fund passes the 100 million euro mark

Bellevue Asset Management / Bellevue Asset Management's BB African Opportunities Fund passes the 100 million euro mark . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Africa's emerging and frontier markets are attracting increasing attention from the investment community. Besides the prospect of above-average returns in the long run, investors appreciate the diversification benefits, given the low correlation between African markets and global equities. The pleasing performance of African stock markets is reflected in the 67% return of the BB African Opportunities Fund since its launch more than five years ago as well as in the fund's growth. Under the management of Bellevue Asset Management, the BB African Opportunities Fund recently passed the EUR 100 million mark.

Thanks to the good diversification effect, an attractive return of more than 67% since inception and a risk-conscious focus on structural growth opportunities in Northern and Sub-Saharan Africa, the BB African Opportunities Fund (LU0433847240) has attracted new investors and recently passed the EUR 100 million threshold in assets under management.

Africa's national stock markets have consistently recovered from the reverberations of the Arab uprising that began in early 2011 as well as from various other market-moving events in Western and Eastern Africa. Thanks to its astute selection of fundamentally sound, well financed and liquid companies with straightforward business models, the BB African Opportunities Fund has successfully weathered the temporary market setbacks and outshone its peers with a superior risk-return profile.

Widespread reform efforts, infrastructure investment and the roll-out of modern information and communications technology should allow a number of countries in Africa to maintain above-average growth rates in the coming years. According to estimates by the World Bank and the IMF, Africa's gross domestic product will expand at an annual pace of 5% to 6% over the coming years, cementing the continent's standing as the world's second-fastest growing region after Asia. Thanks to a relatively low correlation with global stock markets, investing in African equities remains a viable means of optimizing global stock portfolios. Investors with experience in emerging markets can continue to expect attractive returns and diversification benefits from African equities going forward.