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The Boston Globe

Business

MUTUAL FUNDS

African stocks offer untapped opportunity for investors

If there’s a last frontier for US investors, it’s Africa. The world’s second-most populous continent is an afterthought for anyone looking to construct a diversified portfolio of foreign stocks.

Consider that there are just two mutual funds specializing in African stocks, compared with more than 100 focusing on Europe. About three-dozen ­focus on a single country — ­China. So much for the vast ­African continent and its underground wealth from oil, minerals, and metals.

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