Tundra Fonder launches Vietnam office

Swedish emerging and frontier markets specialist Tundra Fonder has followed up its May 2014 launch of an actively managed Vietnam fund by opening an office in the country in Ho Chi Minh City.

The company has also hired Duc Nguyen as country officer as it looks to take advantage of one of the fastest growing regional economies.

Jon Scheiber, Tundra CEO said: “Vietnam offers one of the most exciting investment opportunities globally. The economy grew close to 7% last year and global giants such as Samsung Electronics and LG Electronics have relocated a substantial portion of their production to Vietnam. Despite this, a majority of foreign financial investors have still not discovered this market.”

“We are convinced that local presence does matter in frontier markets. This is why we are now launching our second office in one of our core markets,” he added.

The Vietnam office represents Tundra’s second major localisation project since it opened an office in Karachi to support its investments in Pakistan.

The manager also runs strategies investing in sustainable frontier market opportunities, Nigeria and sub-Saharan Africa, Russia and what it calls Frontier Opportunities, which includes frontier markets more broadly but excludes the Gulf Cooperation Council members in the Middle East.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

Read more from Jonathan Boyd

Close Window
View the Magazine

You need to fill all required fields!