Tundra gains distribution deal with Nordea
Swedish frontier markets boutique Tundra Fonder has signed a distribution deal with Nordea that will see its full range of funds made available to Nordea customers when the bank launches a new savings platform in Sweden.
This will facilitate trading in the manager’s funds, which CEO Jon Scheiber said reflects growing demand for products among institutional and advice-driven investors and private clients.
The manager’s funds are already available on several other platforms in Sweden,as well as in Finland, Denmark, Norway and Switzerland. These include:
Söderberg & Partners
Schieber notes that the Tundra Pakistan Fund has delivered the second-highest return over the past five years among the 2,070 Morningstar-listed equity funds available in Sweden.
Its local staff at Tundra’s Karachi office celebrated the Nordea distribution deal with the following message:
— Tundra Fonder (@TundraFonder) May 31, 2017