Frontier market specialist Silk Invest has introduced first-of-its kind Footballers Fund in collaboration with footballer Kolo Toure to provide wealth management solutions for African players.
Domiciled in Luxembourg, the fund will predominantly invest in the African markets, where the company has seen a potential rise of football players across the top teams in the international arena.
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This fund is designed to help these players to invest in a professionally managed fund vehicle.
Silk Invest head of Investment Solutions, Malick Badjie, said African Footballers now finally have a solution that not only allows them to invest their assets in investment opportunities they understand, but also lets them make a difference back home.
"Over the last months, we had the pleasure to closely work together with Kolo Toure to design a product which helps African Football players to invest for the long term while contributing to Africa’s growth," added Badjie.
Kolo Toure said, "I am very excited about this new fund and believe that we have achieved a major milestone. The new fund helps Africa’s top football players like me to meet their financial needs and support Africa’s capital markets."
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By GlobalDataThe fund will mainly invest in ten stock markets in Africa, including Morroco, Egypt, Kenya, South Africa, Botswana, Ghana, Nigeria, Senegal, Mauritius and Tunesia.
