The mining and quarrying industry in South Africa witnessed sharp falls. Possible reasons include falling commodity prices globally and weakened demand.
The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.
The T. Rowe Price Africa & Middle East Fund invests in between 50 and 80 companies, focusing on Kenya and South Africa, as well as Saudi Arabia and the UAE.
In the last one year, the T. Rowe Price Africa & Middle East Fund (TRAMX) has had a return of -19.5%. The return since the fund’s inception in September 2007 is about 0.2%.
The Nile Pan Africa A Fund (NAFAX) invests at least 80% of its portfolio in the stocks of Africa-based companies. The majority of the fund’s exposure is in South Africa.
