Smith: Inter-country correlation is much higher than sector correlation across African equity markets
Colin Smith · Colin Smith and Farouk Miah - Empty Rooms: Investing in Africa (Capital Allocators, EP. 279) · Nov 7, 2022 · at 51:21
Colin Smith of All Africa Partners explains why the fund caps country allocation at 30% while imposing no sector concentration limits.
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“We know that inter-country correlation is much, much higher than sector correlation across Africa, for example.”
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