Hello everyone! This is my first post here, sorry for my bad english.
I’d like to share with experts and passionates like you some of my ideas.
I decided to invest in Africa, with a long term view (10 years) and an high-risk/reward perspective. I don’t tell you now the reasons behind this decision (they are easily presumable), but how I will do it. I don’t want to discuss “why”, but “how”.
Africa is an illiquid, inefficient and information-lacking financial market. In such context ETFs (that I usually prefer) are not a good instrument. Theoretically, it should be easier to beat the market (benchmark) in this circumstances than in a developed/efficient market (such as US or Europe). Therefore the best investment choice is an active fund. Furthermore within the Active Funds, it is possibly better to choose a fund that doesn’t declare a benchmark but that pursues a Total Return (no geographical or sectorial allocation constraints). In a few words I am relying on the management’s knowledge of the market and expertise.
Does it make any sense for you? In such circumstances, is an active fund better than a etf?
Moreover I want to buy a fixed number of quote per month in order to reduce the volatility (what is the english name for this mechanism? In italian is Piano di Accumulo).
Any criticism or consideration is well-accepted (even about my english, I need to improve it 
)