THE PANGEN FUND
The PANGEN Fund is an
open-ended equity scheme that seeks to generate long-term
capital appreciation by investing in community oriented built,
owned and operated - telecommunications projects that may
benefit from potential investments in network infrastructure
and taking advantage of unfolding telecommunications and spectrum
reforms without having any bias towards any specific technology
or frequency range.The assets of the Scheme would be invested
into projects approved by The PANGEN Fund manager and will
represent a broad range of technologies in order to ensure
adequate portfolio diversification:
Telco Infrastructure: Telco Infrastructure companies
operating in but not limited to wireless technologies, network
implementation etc. And sectors that will benefit from the
development in network infrastructure.
Telecom reform oriented: Projects in telecom sectors
that will benefit from the pan-african reforms including relaxation
in exchange controls and any other sector where there is a
trend to moving toward a free market based model.
Institutional Plan only. The scheme does not guarantee any
To generate long-term capital appreciation from a diversified
portfolio of predominantly (at least 65%) equity and equity-related
securities of projects involved in telecoms and related network
development in Africa as a result of potential investments
happening in telco-infrastructure and unfolding telecom reforms.
However there can be no assurance
that the investment objective of the scheme will be realized
as actual market conditions may be at variance with anticipated
The PANGEN fund would remain fully invested upto 85% in equity
linked revenue bonds and other equity related securities and
will have 15% in short term debt and related instruments to
meet short term liquidity requirements of the projects.
The Asset Allocation plan is only indicative.
The investment manager may, in line with the investment objectives
of the project, alter the above pattern for a short term period,
of upto 90 days, and on defensive considerations, the intention
at all times being to protect the interests of the investors.