Fonditalia Africa & Middle East Equity Fund

Overview

The Fonditalia Africa & Middle East Equity Fund is an equity fund managed by Fideuram Asset Management (Ireland) dac, focusing on investments in companies located in Africa and the Middle East. The fund aims to achieve long-term capital growth by investing up to 100% of its net asset value in equity transferable securities issued by entities in these regions or having their principal business activities there, which comply with Environmental, Social, and Governance (ESG) criteria. The fund's investment strategy involves allocating up to 20% of its assets in equity securities listed outside Africa and the Middle East, provided the issuers meet ESG standards. Additionally, it may invest up to 10% in government or corporate bonds that adhere to ESG criteria and are domiciled in these regions or issued by companies with principal business activities there. The fund can also invest up to 50% of its assets in over-the-counter instruments such as participation notes, participation certificates, and warrants. As of April 16, 2026, the fund's net asset value per share was €16.032, reflecting a 1.60% increase from the previous valuation. The fund is classified under the Assogestioni category 'Azionari Paesi Emergenti' and has a risk class of 4. Its declared benchmark is a 50% weighting in the MSCI GCC Countries Index and a 50% weighting in the MSCI EM Frontier Markets Africa. The fund was launched on June 28, 2018, and is denominated in euros. The management fee is 1.20%, with a maximum subscription fee of 1.00% and no redemption fee. The minimum initial investment is €750,000, with subsequent investments of at least €500.