The economy of Nigeria, with some 158m people to South Africa's 50m, has been roaring along at an annual rate of almost 7% for the past eight years and may even become Africa's biggest by 2016, with Egypt (82m people) hot on its heels.

ECONOMIST: South Africa��s business pre-eminence is being challenged

So, while the fund is not even a year old at this point, the managers have run these portfolios for four, and as much as eight, years in underlying separate account strategies, before they ever managed the fund.

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