Equity Mutual Funds or stock funds can be classified into 3 main categories: Domestic Stock Funds, International Stock Funds, and Emerging Market Stock Funds. There also can be several different investment style associated with these funds including value approach, growth fund, or blend or mix fund. Emerging Market Mutual Funds invest majority of fund's assets in the financial markets of a developing country, typically a small market with a short operating history. Compare to its counterpart in developed countries, this asset class is still small and has a lot of growth potential.

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Africa is not on most people's radar as a place for emerging market investments. Because of political instability and corruption, the continent has not been viewed as a great place to grow your money. The reality is that Africa's GDP grew at over 5% last year and shows no sign of abating. Most of the economies of the continent have embraced the free market system. And Africa has the highest rate of urbanization on the globe.