fund objective

This fund aims to achieve capital appreciation in the long term by investing primarily on the Zambia Capital Market. The objective of the Fund cannot be materially changed or amended without the prior approval of the unit holders


The investment strategy or asset allocation strategy may vary from time to time to reflect changing economic circumstances or market conditions. Under normal market conditions, the Fund’s equity exposure will be at least 70%.


During the duration of this Prospectus, the prospective asset allocation of the Fund will be as follows:

  • Equities and equity related securities – minimum 0% and maximum 95% of the NAV of the Fund
  • Fixed income instruments and liquid assets – maximum 100% and minimum 5% of the NAV of the fund


Portfolio Manager
Mumba Musunga
Investment AnalystPredencia Ngosa
Fund Size (ZMW min)52.336
Fund Type:CIS
Risk profileHigh
BenchmarkLuSE Free-float Index
Inception DateDecember  2013
TrusteeAMG Global Trust Ltd
Trading closing time4:00 p.m.
Minimum investment Lump sum:Lump sum: ZMW 50,0001
Lump sum: ZMW 1,0002

1. Minimum investment amount for institutions

2. Minimum investment amount for individuals

*  Mpile Local Equity Class B Price

Fees Inc VAT

Front End Load0 (of investment)
Back End Load3 (of redemption)
Transfer ChargeK10



The fund is permitted to invest in the following:

  • Securities of Local companies listed on the LUSE
  • Unlisted securities whether or not approved for listing and quotation under the rules of an eligible market, which are offered directly to the Fund by issue
  • Units or shares of other collective investment schemes;
  • Cash, deposits and money market instruments with licensed institutions and/or other institutions licences or approved to accept deposits;
  • Any other form of investments as may be agreed upon by the Manager and the Trustee from time to time; and Any other form of investments as approved by the SEC from time to time.