Tundra launches Sustainable Frontier Fund

Related Content Related Video White Papers Related Articles

Tundra Fonder, the Swedish manager, is claiming a world first launch of a frontier markets fund that adopts a sustainability profile.

The Tundra Sustainable Frontier Fund will invest in countries including Vietnam, Bangladesh, Pakistan, Sri Lanka, Nigeria and Kenya.

The portfolio will have an ESG focus, and will not invest in weapons, alcohol, tobacco, pornography, commercial gambling or companies that violate UN conventions.

In support of the new fund, Tundra is employing two analysts from Transparency International, who will be based at the manager’s Karachi office in Pakistan, while Ethix SRI Advisors in Stockholm will be its ESG research partner with responsibility for assuring the sustainability profile.

Jon Scheiber, Tundra Fonder’s CEO, said: “Tundra is the world’s first fund management company to combine investments in frontier markets with a sustainability focus. And there is great interest. Three public institutions have already guaranteed seeding in the fund.”

The three institutions are understood to be Swedish counties (landsting).

Tundra was founded in October 2011, since when it has grown assets under management to almost SEK2bn (€215m). It currently has offices in Stockholm and Karachi and employs some 13 staff. Recently it expanded into Switzerland, but the manager says that other European countries are “included in the expansion plans”.

The manager’s  current range includes the Frontier Opportunities, Nigeria and Sub-Sahara, Pakistan, Russia and Vietnam funds.


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!