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http://citywireglobal.com/news/nordic-firm-launches-esg-driven-frontier-markets-fund/a814237
Swedish boutique Tundra Fonder has launched what it claims to be the world’s first frontier markets equity fund operating with a sustainable investment focus.
The Tundra Sustainable Frontier Fund was seeded by three public institutions, the Stockholm-based company said, and will joins its existing fund range which has a heavy emphasis on the emerging and frontier markets.
This includes the Tundra Frontier Opportunities fund, as well as dedicated funds focused on Nigeria and Sub-Saharan Africa, Pakistan, Russia and Vietnam.
In order to launch the new fund, Tundra Fonder has added two analysts to focus solely on sustainability criteria who will be based in the group’s satellite office in Pakistan.
The fund will invest in countries including Vietnam, Bangladesh, Pakistan, Sri Lanka, Nigeria and Kenya where it will select its investments based on strong environmental, social and governance factors.
This will prohibit the fund from investing in weapons, alcohol, tobacco, pornography and commercial gambling, or any companies which violate the UN conventions.
To further ensure the ESG element, Tundra Fonder has engaged ethical investment specialists Ethix SRI Advisors in Stockholm to aid with research and to assure the fund’s sustainability profile.
Commenting on the launch, Jon Scheiber, chief executive officer of Tundra Fonder, said: ‘Tundra is the world's first fund management company to combine investments in frontier markets with a sustainability focus. And there is also great interest.’
The fund is initially being launched as a Sweden-domiciled fund, however, the company confirmed toCitywire Global it would roll it out further as demand increases.
Swedish boutique Tundra Fonder has launched what it claims to be the world’s first frontier markets equity fund operating with a sustainable investment focus.
The Tundra Sustainable Frontier Fund was seeded by three public institutions, the Stockholm-based company said, and will joins its existing fund range which has a heavy emphasis on the emerging and frontier markets.
This includes the Tundra Frontier Opportunities fund, as well as dedicated funds focused on Nigeria and Sub-Saharan Africa, Pakistan, Russia and Vietnam.
In order to launch the new fund, Tundra Fonder has added two analysts to focus solely on sustainability criteria who will be based in the group’s satellite office in Pakistan.
The fund will invest in countries including Vietnam, Bangladesh, Pakistan, Sri Lanka, Nigeria and Kenya where it will select its investments based on strong environmental, social and governance factors.
This will prohibit the fund from investing in weapons, alcohol, tobacco, pornography and commercial gambling, or any companies which violate the UN conventions.
To further ensure the ESG element, Tundra Fonder has engaged ethical investment specialists Ethix SRI Advisors in Stockholm to aid with research and to assure the fund’s sustainability profile.
Commenting on the launch, Jon Scheiber, chief executive officer of Tundra Fonder, said: ‘Tundra is the world's first fund management company to combine investments in frontier markets with a sustainability focus. And there is also great interest.’
The fund is initially being launched as a Sweden-domiciled fund, however, the company confirmed toCitywire Global it would roll it out further as demand increases.
