Tundra attracts Advance Emerging Capital investment

Advance Emerging Capital, the London based emerging and frontier markets investor, has confirmed an investment in the Tundra Pakistan fund, which is offered by Stockholm based Tundra Fonder.

Samir Shah, senior investment manager at Advance Emerging Capital, said: “Pakistan is a quintessential frontier market, that despite the frequent negative headlines, has the chance to capitalise on its huge potential over the coming decades.”

“The combination of strong demographics, a stabilising political outlook, strong earnings growth and an enhanced public investment programme make Pakistan a compelling investment destination. After a lengthy due-diligence process that included an on-site trip in Pakistan, we are confident that Tundra’s investment expertise and its local presence should allow it to continue unearthing some of the best investments in Pakistan today.”

As previously reported by InvestmentEurope, Tundra opened an office in Karachi last year, where it has been building a locally based investment expertise.

Advance Emerging Capital manages some $633m, including via the London Stock Exchange listed Advance Developing Markets and Advance Frontier Markets 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).

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