Merrill Lynch gets bullish about Lions in Africa

“We have confidence in the African equity story and are proud to launch this ground-breaking product on MerrillINVEST, our securitised products platform,” says Pierre Mendelsohn, head of Securitised Products, EMEA at Merrill.

The underlying Merrill Lynch Africa Lions Index comprises 35 stocks, including locally listed Nigerian companies, and will re-balance every six months while cappiing exposure to South Africa at 10%.

The case for Africa rests on six observations from Merrill: Africa’s econ

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