Alquity Group Launches Fund to Support Microfinance Projects
Allen, C.

Alquity Group, which was formed in November 2009 through the inclusion of Smoothed Growth Investment Management and Alquity Investment Management, is to launch a new fund which aims to support microfinance projects in Africa, as well as providing a normal return to investors.

Alquity's new fund, which is yet to be authorized, will be launched as a UCITS III, open to both institutional and retail investors. Alquity will focus on Africa and will create 100,000 jobs annually by donating a minimum of 25% of its revenue from the Alquity fund range to charitable projects, including microfinance initiatives.

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