Friday, July 19, 2024

IPRO’s Ponelopele offers a stake in Africa’s amazing growth

The recently launched Ponelopele Fund is expected to provide individual investors with access to a wider range of investment options. Managed by IPRO Botswana, Ponelopele Fund is Botswana’s first Botswana and Africa focused Multi Asset Mutual Fund. The Fund is licensed by the Non Bank Financial Institutions Regulatory Authority (NBFIRA) and managed by IPRO Botswana.
Speaking at the launch of the fund recently, IPRO Botswana Managing Director, Amit Bakhirta said that his company wanted to reaffirm its commitment to empowering Batswana through investment and savings. With the launch of the Ponelopele Fund, the local asset management firm continues to demonstrate its dedication to providing world class and bespoke investment solutions.
“At IPRO Botswana, we remain incredibly clear in our commitment to our goal of building and managing investment strategies to address the ever-evolving needs of our clients,” said IPRO Botswana Managing Director, Amit Bakhirta. “Ponelopele is yet another step towards realising this goal. Ponelopele literally translates as “looking ahead” which is critically important as we remain a nation of spenders. With Ponelopele, Batswana can now look ahead and save while participating in Botswana’s and Africa’s amazing growth story. Our investment philosophy rests in investing in high quality companies with superior management, high levels of profitability and strong earnings growth.”
By pooling money from both small and institutional investors, Ponelopele Fund will provide access to a wider range of investment options. This offers potential investors reduced risk inherent in having a well-diversified portfolio. Through just one subscription to the Fund, investors can enjoy all the benefits of a widely diverse portfolio invested throughout Africa in listed stocks, bonds, money market securities. Also, property, private equity and hedge funds have for the first time been made available to individuals of this country.
IPRO Botswana Senior Manager ÔÇô Investments, Clair Mathe-Lisenda said, “We are fortunate in Botswana to work against a backdrop of political stability, a thriving economy, and stable monetary and fiscal policies. Indeed, with the highest credit rating in Africa, we are well poised to reap the potential investment benefits. The African continent currently presents immense investment opportunities for those investors willing to dedicate the time and effort to understand Africa’s market dynamics, the risks and the potential long term investment opportunities available across this interesting continent. Ponelopele has been developed against this background, and the Fund’s low cost yet high quality investments offer investors the true benefit of the African growth story, typically holding at least 60 percent of its assets in Botswana and 40 percent in Africa.”
The Fund caters to both individual and institutional investors and is accessible to Botswana and Sub Saharan African citizens and residents, as well as international investors. Investments can be made either through a simple Lump Sum (some cash that you have accumulated) or through a Systematic Investment Plan (a monthly direct debit).


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