The (LF) Fund of Funds – New Frontiers ,a new fund developed by the Eurobank EFG Fund Management Company (Lux) S.A. and invested in the Frontier Markets is now available on the Greek market through the Eurobank branch network and Eurobank EFG Private Banking.
The Fund of Funds is invested in Mutual Funds of leading asset management firms that specialise in the equity markets of Asia, Africa and Latin America.
The Frontier Markets include 140 out of 192 countries worldwide with a population of 2.5 billion people and a GDP of € 10.3 billion, which respectively correspond to 1/3 of the global population and 1/6 of the global economy. In the last 22 years these countries have recorded twice the growth rate (+10 %) as opposed to the developed countries. Characterised by a youthful population, a rapidly growing middle-class consumer base, strong exports’ growth and attractive capital markets, the Frontier Markets are the new protagonists in the global economy.
The benchmark for the (LF) Fund of Funds – New Frontiers is the MSCI Frontier Markets (FM) Index with a broad geographic and sector spread, in which the shares of 173 companies from 26 countries in the Frontier Markets are participating.
Investors can gain easy access to these difficult markets via the (LF) Fund of Funds – New Frontiers which offers the prospect of profits combined with a broad spread of the investment risk.