Welcome to Asia Frontier Capital
Asia Frontier Capital Limited is a pioneering fund management company specializing in investing in high-growth Asian frontier economies through the management of AFC Asia Frontier Fund and AFC Vietnam Fund.
AFC Asia Frontier Fund invests in listed equities of Asia's frontier countries, given their growing consumption due to favorable demographic trends, rising incomes and high GDP growth. The Fund invests in listed stocks of companies whose principal business activities are in Bangladesh, Bhutan, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam. AFC Asia Frontier Fund is positioned to take advantage of the ongoing economic transformation in these countries and combines significant diversification opportunities to provide high returns. The fund is led by Thomas Hugger, founder and CEO of Asia Frontier Capital, who has been investing in frontier markets in Asia and Africa for more than 20 years.
AFC Vietnam Fund was launched on December 11, 2013. It is executive led by Thomas Hugger and Andreas Vogelsanger, who have a combined experience of over 50 years managing investments in frontier markets, Asia and around the world. The fund invests in Vietnamese growth companies to capture value, particularly in the small and medium-sized enterprise sector. The fund's chief investment officer, Andreas Karall, has identified more than 100 Vietnamese listed stocks that trade at between six and seven times earnings and are trading around book value. Many of these companies have dividend yields of over 9%, and some are in a net cash position almost as high as their market capitalization.
For more information on the fund profile, management team and investment strategy, please contact us at
AFC Asia Frontier Fund
Net Fund Return in USD (Class A)
Asia Frontier Capital Limited is a fund management company registered in the Cayman Islands with open-end funds for public investment. The fund is registered in the Cayman Islands. The "AFC Asia Frontier Fund" is only available to US investors and the "AFC Asia Frontier Fund (non-US)" is only available to non-US investors.
Fund subscription is done on a monthly basis and ends within 5 trading days before the end of each month. There are 2 share classes and the fund base currencies are USD, CHF and EUR.
To request subscription documents or for more information on investing in our funds, please contact
| Class A Shares | Class B Shares | |
|---|---|---|
| Management Fee | 1.8% of net asset value per year | 1.5% of net asset value per year |
| Performance Fee | NAV appreciation exceeds 10% of 3-month USD LIBOR + 2% and the high water mark | NAV appreciation exceeds 8% of 3-month USD LIBOR + 2% and the high water mark |
| Subscription | 5 trading days before the end of each month | 5 trading days before the end of each month |
| redemption | Monthly NAV - 90 days notice period | Monthly NAV - 180 days notice period |
| Fund base currency | US dollar, Euro, Swiss franc | US dollar, Euro, Swiss franc |
| Minimum initial subscription amount | USD 25,000 – USD Shares | USD 25,000 – USD Shares |
| EUR 25,000 – Euro Shares | EUR 25,000 – Euro Shares | |
| CHF 25,000 – CHF Shares | CHF 25,000 – CHF Shares | |
| Valuation Date | On the last day of each calendar month | On the last day of each calendar month |
AFC Vietnam Fund
Net fund return USD
Asia Frontier Capital (Vietnam) Limited is the investment manager of the Cayman Islands-based “AFC Vietnam Fund”. The fund aims to achieve long-term capital appreciation for investors by capturing value in growth companies, particularly in the small and medium-sized enterprise sector.
AFC Vietnam Fund is managed by the executive leadership team of Thomas Hugger, Andreas Karall and Andreas Vogelsanger. The team has over 75 years of investment experience and extensive experience working in Asia, having held senior positions in Cambodia, Hong Kong, Singapore, Sri Lanka and Thailand.
To find out more about the fund's performance or to view our fact sheet and investor presentation, please contact
| Class C Shares | |
|---|---|
| Management Fee | 1.8% of net asset value per year |
| Performance Fee | 12.5% of net asset value appreciation and above the high water mark |
| Subscription | 5 trading days before the end of each month |
| redemption | Monthly NAV - 60 days notice period |
| Fund base currency | Dollar |
| Minimum initial subscription amount | USD 10,000 |
| Valuation Date | On the last day of each calendar month |
Contact AFC
註冊地址：
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:
( Island Line ) Sheung Wan Station, Exit A1
Asia Frontier Investments Limited is a licensed person of the Hong Kong Securities Regulatory Commission, Type 4 (providing advice on securities) and Type 9 (providing asset management)