bulletEDITOR'S PICKS

 

FPI’s Van Der Wielen to leave, post Aviva acquisition

From Life Mar 27 2015 @ 10:42

Friends Provident International’s executive chairman John Van Der Wielen is to leave the...
view article

Luxembourg on course to offer REITs in 2015

From Products Mar 26 2015 @ 16:54

Luxembourg on course to offer REITs in 2015

Luxembourg is on track to introduce the regulatory framework to launch Real Estate Investment...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Cofunds posts 83% surge in pre-tax profit for 2014

UK investment platform Cofunds has reported an 83% increase in pre-tax...
view article

‘Small cap stocks are being grossly...

From Analysis Mar 27 2015 @ 11:18

FPI’s Van Der Wielen to leave, post...

From Life Mar 27 2015 @ 10:42

MORE FROM Products

LATEST NEWS

FCA to increase adviser fees by 10%

The UK Financial Conduct Authority has outlined plans to increase the adviser...
view article

Luxembourg on course to offer REITs in 2015

From Products Mar 26 2015 @ 16:54

Northstar appoints senior vice president to...

From People Mar 26 2015 @ 14:23

MORE FROM United Kingdom

LATEST NEWS

FCA to make annuity providers rank their products

FCA to make annuity providers rank their productsAnnuity providers in the UK will be required to rank their product against their...
view article

FCA proposes extension of inducement standards

From Tax & Regulation Mar 26 2015 @ 12:14

OMGI hires EM debt head in ongoing fixed income...

From People Mar 26 2015 @ 12:09

MORE FROM Tax & Regulation



Asia Frontier Capital unveils fund to tap Vietnam investment opportunities

From Products Dec 2 2013 BY: Leena Dagade , Deputy Editor , Fund Selector Asia

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


Asia Frontier Capital has launched an open-ended fund that will invest in Vietnamese listed equities, capturing the value in growth companies in the small- and mid-size segment.

Asia Frontier Capital (Vietnam) is the Cayman Islands based investment manager of “AFC Vietnam Fund” which has a target size of USD50m and will be available for subscription to qualified new investors as of December 10.
 
The AFC Vietnam Fund will be managed by Asia Frontier Capital (Vietnam) under the guidance of Andreas Vogelsanger, chief executiver, Andreas Karall, chief investment officer, and Thomas Hugger, chief operating officer.
 
Asia Frontier Capital said this team has "extensive experience" working in Asia, with its members having held senior positions in firms in Cambodia, Hong Kong, Singapore, Sri Lanka, and Thailand.
 
According to Vogelsanger, Vietnam’s growth prospects are very compelling, especially with the restructuring of the banking sector and various government stimulus packages to support the economy.
 
“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 five-seven years,” added CIO, Karall. 
 
“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."
   
Asia Frontier Capital was founded by fund manager and chief executive officer Thomas Hugger after a buy-out of the Leopard Asia Frontier Fund in July.
 
It recently made two key appointments for its Hong Kong office, hiring Ruchir Desai as senior investment analyst and Stephen Friel as marketing director. 

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...