Fund Management

OP Fund Management Company merges Africa fund with Emerging Markets fund as client demand drops

Chief Executive Officer of OP Fund Management Company cites decline in investor appetite and asset volume, high running costs as well as poor performance of African markets as reasons to discontinue the fund.
South Africa is allowed to make 25 percent of the merged fund's exposure. | Photo: Siphiwe Sibeko/Reuters/Ritzau Scanpix/Reuters / X01918
South Africa is allowed to make 25 percent of the merged fund's exposure. | Photo: Siphiwe Sibeko/Reuters/Ritzau Scanpix/Reuters / X01918
BY REETA ILONA PAAKKINEN

OP Fund Management Company discontinues its Africa fund, merging its assets with OP Emerging Markets fund.

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