Welcome to the website of Asia Frontier Capital
Asia Frontier Capital Ltd. is a leading innovator in asset management and specializes in investing in the fast-growing Asian frontier markets. Asia Frontier Capital manages the equity investments of the AFC Asia Frontier Fund and AFC Vietnam Fund.
The AFC Asia Frontier Fund invests in listed companies from the Asian frontier markets. The Asian frontier economies are currently experiencing high consumption growth thanks to the excellent demographic development, the growing incomes of companies and populations and the associated gross domestic product growth. The fund invests in listed companies that have their main business activities in Bangladesh, Bhutan, Iraq, Cambodia, Laos, Maldives, Mongolia, Myanmar (Burma), Nepal, Pakistan, Papua New Guinea, Sri Lanka or Vietnam. The AFC Asia Frontier Fund is positioned to benefit from the sustained economic growth in the Asian frontier markets. The fund offers investors high capital appreciation and a significant portfolio diversification effect. The fund is managed by Thomas Hugger, Managing Director and founder of Asia Frontier Capital Ltd. Thomas Hugger has been investing in Asian and African emerging markets, including frontier markets, for over 20 years.
The AFC Vietnam Fund was launched on December 11, 2013 and is co-managed by Thomas Hugger and Andreas Vogelsanger. This team has over 50 years of combined experience in asset management in emerging and frontier countries in Asia and the rest of the world. The fund invests exclusively in Vietnamese listed companies, with the aim of investing in undervalued shares of small and medium-sized enterprises (SMEs). Andreas Karall, the fund's asset manager, has identified over 100 publicly traded companies that have a P/E ratio between 6x and 7x and are trading at or below book value. Many of these companies also offer a dividend yield of more than 9% and for some of these companies the net cash position (without debt) is almost as large as the market capitalization.
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AFC Asia Frontier Fund
Price performance of the net asset value - A Class USD
Asia Frontier Capital Limited is an asset management company based in the Cayman Islands. The funds managed by Asia Frontier Capital are "open end" funds and interested investors can enter or exit the funds on a monthly basis. The funds are based in the Cayman Islands. The "AFC Asia Frontier Fund" is only accessible to investors from the United States of America "USA"; the "AFC Asia Frontier Fund (non-US)" is open to non-American investors.
A fund investment can be made monthly at net asset value. Subscriptions must be received by the fund manager no later than 5 working days before the last calendar day of a month. There are 2 share classes for each currency: Swiss francs (CHF), euros or US dollars (USD).
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AFC Asia Frontier Fund (non-US) Fondmerkblatt - Bitte loggen Sie sich ein, um unseres Fondmerkblatt zu sehen
AFC Asia Frontier Fund Fondpräsentation - Bitte loggen Sie sich ein, um unsere Fondpräsentation zu sehen
| A class | B class | |
|---|---|---|
| administration fee | 1.8% per year on the net asset value | 1.5% per year on the net asset value |
| appreciation fee | 10% on the increase in value of the net asset value above the 3 months USD LIBOR interest rate +2%, with "high water mark" | 8% on the increase in value of the net asset value above the 3 months USD LIBOR interest rate +2%, with "high water mark" |
| drawings | 5 working days before the last calendar day of each month | 5 working days before the last calendar day of each month |
| repayment | Monthly at net asset value - with 90 days notice | Monthly at net asset value - with 180 days notice period |
| fund currencies | USD, EUR, CHF | USD, EUR, CHF |
| Initial minimum subscription amount | USD 25,000 for USD shares | USD 25,000 for USD shares |
| USD 25,000 for EUR shares | USD 25,000 for EUR shares | |
| USD 25,000 for CHF shares | USD 25,000 for CHF shares | |
| valuation date | Last calendar day of a month | Last calendar day of a month |
AFC Vietnam Fund
Price performance of the net asset value in USD
Asia Frontier Capital (Vietnam) Limited, based in the Cayman Islands, is the asset manager of the "AFC Vietnam Fund". The objective of the Fund is to achieve long-term capital appreciation by investing in undervalued high growth companies, primarily small and medium-sized enterprises (SMEs).
The AFC Vietnam Fund is co-managed by Thomas Hugger, Andreas Karall and Andreas Vogelsanger. This team has over 75 years of combined experience in asset management and stock trading. In addition, the team members have additional work experience in Hong Kong, Cambodia, Singapore, Sri Lanka and Thailand.
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| C Class | |
|---|---|
| administration fee | 1.8% per year on the net asset value |
| appreciation fee | 12.5% on the increase in net asset value, with "high water mark" |
| drawings | 5 working days before the last calendar day of each month |
| repayment | Monthly at net asset value - with 60 days notice |
| fund currency | USD |
| Initial minimum subscription amount | USD 10,000 |
| valuation date | last working day of each month |
Contact AFC
Legally registered office:
Asia Frontier Capital Ltd.
89 Nexus Way
Camana Bay
Grand Cayman KY1-9009
Cayman Islands
Head Office:
Asia Frontier Investments Ltd.
1805, 18/F, Hing Yip Commercial Centre
272-284 Des Voeux Road Central
Hong Kong
Tel: +852 3904 1015
Fax: +852 3904 1017
Email:
subway station "Sheung Wan", exit A1 ( Island Line )
Asia Frontier Investments Limited is regulated by the Hong Kong Securities and Futures Commission (SFC) for "Advising on Securities" (Type 4) and "Asset Management" (Type 9).
* The legal representative of the AFC Asia Frontier Fund (non-US), AFC Iraq Fund (non-US) and AFC Vietnam Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. Fund distribution in Switzerland is only permitted to “qualified investors”. The legal domicile of fund units placed in Switzerland is the legal domicile of the legal representative.