Fri, Aug 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Asia Frontier Capital launches Vietnam fund

Monday, December 02, 2013
Opalesque Industry Update - Asia Frontier Capital Limited is pleased to announce the latest addition to its fund offering: “AFC Vietnam Fund”. The fund will be available for subscription to qualified new investors as of 10th of December 2013.

This Cayman Islands open ended fund will invest in Vietnamese listed equities and has a target size of USD 50 million. AFC Vietnam Fund aims to achieve long-term capital appreciation for investors by capturing value in growth companies; especially in the small to medium size company segment. The AFC Vietnam Fund will be managed by Asia Frontier Capital (Vietnam) Limited under the executive leadership of Andreas Vogelsanger (CEO), Andreas Karall (CIO) and Thomas Hugger (COO). This team has more than 75 years of experience in investments as well as extensive experience working in Asia having held senior positions in Cambodia, Hong Kong, Singapore, Sri Lanka, and Thailand.

“After a 70-90 % price decline in the years 2007-2012, we now see enormous upside potential in this new business cycle which has just started and is expected to last for the next 5-7 years” said Andreas Karall, CIO of Asia Frontier Capital (Vietnam) Limited. “About one third out of more than 700 listed Vietnamese stocks have a P/E ratio between 6x and 7x, are trading below book value, many of them have a dividend yield of more than 9% and there are even some companies whose net cash position is almost as high as their market cap”.

“Vietnam’s growth prospects are very compelling, especially with the restructuring of the banking sector and various government stimulus packages to support the economy” said Andreas Vogelsanger, CEO of Asia Frontier Capital (Vietnam) Limited “A stable local currency combined with very competitive labour costs will help to further accelerate foreign direct investments into Vietnam”.

Thomas Hugger, Founder of Asia Frontier Capital Limited and COO of Asia Frontier Capital (Vietnam) Limited commented: “I am very excited to expand our fund offering and to be able to offer investors a country specific Vietnam Fund. By working with Andreas Karall and Andreas Vogelsanger the AFC Vietnam Fund will be able to generate superior returns for investors by capturing synergies through the pooling of our collective knowledge, experience and research capabilities in the small and mid-cap equities universe in Vietnam. This is an excellent addition to the well-established flagship AFC Asia Frontier Fund which provides investors with exposure to Vietnam as well as listed equities across high-growth Asian frontier markets including; Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka and Vietnam”.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill