PRESS RELEASE
07/05/11
Alpha Financial Technologies, LLC (AFT) and Africa's Mauritius-based African Union Capital have entered into discussions to expand the licensing of AFT’s futures-based commodity and equity indexes into emerging markets starting in Africa. Kingdom Williams, President and CEO of African Union Capital, believes that the limited availability in Africa of financial products that are linked to futures-based commodity and equity indexes poses a unique licensing opportunity for AFT. Mr. Williams stated that: “Growth in emerging markets and development of new investor classes fuels the need for diversification in investment products. We believe that exposure to passive futures-based indexes may provide an efficient alternative for portfolio diversification. Additionally, commodity producers do not receive subsidies in Africa which results in huge commercial hedging activity in the commodity markets.”
The firms plan to leverage off each other’s strengths to offer AFT’s innovative, investable futures-based indexes for license to Africa-focused financial institutions and 3rd party asset managers, who in turn would then create, market and distribute unique investment products to a wide array of investors. AFT’s president and CEO Victor Sperandeo, a legendary commodity trader who is also known as "Trader Vic", commented that he believes AFT’s commodity futures indexes are highly suitable for the African region given its vast exposure to physical commodities. Mr. Sperandeo further notes that the long and short nature of AFT's commodity indexes may provide a more attractive solution for African investors than “long-only” commodity exposure.
Alpha Financial Technologies licenses its indexes to world class financial institutions and 3rd party asset managers, who in turn offer a number of ways to obtain exposure to AFT’s indexes.
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