French asset manager OFI has selected Silk Invest to offer its existing Bric (Brazil, Russia, India, China) fund to the African and Arabian equity markets, Citywire reports. The Silk Invest team includes fund managers from South Africa, Egypt, Nigeria, Cameroon and Morocco.
The OFI Multi Select Bric fund will be rebranded as a Brica fund. The Luxembourg-domiciled fund is currently managed by Astrid Fredericksen, who has been overseeing the fund since it was introduced in March 2007.
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