[vc_row full_width=”stretch_row” pix_particles_check=”” css=”.vc_custom_1648218350020{padding-top: 80px !important;padding-bottom: 80px !important;background-color: #ffffff !important;}”] Opportunik is a private wealth fund that aims to give Africans and Diasporans access to global investments with minimal currency or political risk. It has announced the launch of its licensed fund, Opportunik Global Fund (OGF), on May 2, 2023. OGF will provide a diverse mix of asset classes and investment strategies in multiple financial markets, with a projected annual return of 10-20% paid directly to investors’ bank accounts. The minimum investment for OGF is $5,000, with optional monthly subscriptions in multiples of $1,000, and a 5-year tenure for the principal.
OGF was created to address African investors’ pain points, including high barriers to global deals, insufficient yield on smaller ticket sizes, ever-changing foreign exchange rates, and high inflation and taxation. The multi-asset growth fund is one of the first private retail funds aimed at Africans, and it is designed to help Africans create wealth and achieve financial independence.
OGF is driven by an in-house team of fund managers located across Africa and will work alongside Accuvise Administrators Limited, a registered fund administrator based in Mauritius, with over $216m in Assets Under Administration. According to the Henley & Partners’ Africa Wealth Report, a total of $2.4 trillion total investable wealth is held on the continent, with South Africa, Egypt, Nigeria, Kenya and Morocco accounting for more than half of Africa’s high-net-worth individuals.
Applications to join OGF are currently open, with retail and institutional investors undergoing a rigorous Know Your Customer [KYC] and Know Your Business [KYB] process, respectively. With the estimated growth of the wealth management market in Africa by 60% in the next decade, driven by strong asset under management (AuM) growth in most major markets, this presents a good opportunity for middle-class Africans to access the same wealth management options made available to high-net-worth individuals.
Source: africamoneydefisummit.com
