The deVere Group has added the Alquity Africa Fund to its 5,000+ range of funds. The Alquity Africa equity investment fund targets double-digit returns from Africa’s high-growth economies.
Notably, it achieved a 10% return for investors in its maiden year. In addition, Alquity Investment Management, the fund’s investment manager, has committed to donating a minimum of 25% of its net management fees on an ongoing basis to projects aimed at transforming lives across Africa. As the donation comes from Alquity’s management fees, investors still receive their full investment return.
The Alquity Africa Fund will be available to invest in via The deVere Fund platform, for "a richer, more profound, and more sustainable approach" to investment.
This latest addition to deVere’s portfolio marks yet another commitment from the company to offer bespoke financial services that could potentially offer great returns to its clients.
Alquity’s Chief Executive Officer Paul Robinson (pictured), says: "It’s great to see a global IFA like deVere being this forward looking. Investing in the Alquity Africa Fund satisfies commercial sense, common sense and conscience. From our first conversation with Nigel, he has recognised both the opportunity of Africa as an investment destination and the different business model we bring to the market. By using our Environmental, Social and Governance (ESG) investment framework we look to enhance investors’ long term sustainable returns. In addition, by donating a minimum of 25% of our management fees to fund micro-finance and create jobs we will transform the lives of some of the poorest people on the planet. Whilst investors get their full commercial returns, the donations we make through this partnership with deVere’s should mean we can transform 10,000s of lives."
Nigel Green, CEO of The deVere Group, says: "Africa is an excellent opportunity for our international investors to diversify their investment portfolio. As a global organisation, we understand the need to give back to the community. The Alquity Africa Fund gives our client the opportunity to transform lives in Africa, without sacrificing potential investment returns."