ASF header

Welcome to Asia Frontier Capital,

Asia Frontier Capital is a pioneering fund management company specializing in investing in emerging and high-growth Asian economies through the management of two funds, AFC Asia Frontier Fund and AFC Vietnam Fund.

The AFC Asia Frontier Fund invests in publicly traded securities of emerging Asian countries with rising consumer spending due to favorable demographic trends, rising incomes and high GDP growth rates. The Fund also invests in listed securities of companies with principal operations in Bangladesh, Bhutan, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar (Burma), Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam. The AFC Asia Frontier Fund is positioned to capitalize on the economic changes in these countries and deliver high returns along with significant diversification opportunities. The Fund is managed and led by founding partner and CEO Thomas Hugger, who has over 20 years of experience investing in emerging markets across Asia and Africa.

The AFC Vietnam Fund was launched on December 11, 2013 and is managed and led by Thomas Hugger and Andreas Vogelsanger, who have a combined 50 years of investment management experience in emerging markets, Asia and globally. The fund invests in the Vietnamese capital market to capture value investment opportunities in growth companies, especially in the small and mid-cap segment. The fund's chief investment officer, Andreas Karall, has identified more than 100 listed Vietnamese companies with P/E ratios of around 6x, 7x and trading around book value. Many of these companies have dividend payout ratios of over 9% and have free cash flow close to their market capitalization.

For more information about the fund, management team and investment strategy, please contact us at  This email address is being protected from spambots. You need JavaScript enabled to view it. .

AFC Asia Frontier Fund

Net NAV Yield in USD (Group A)

AAFF-Perf-Chart

Asia Frontier Capital Limited is a Cayman Islands-based fund management company that manages open-ended funds that are open to investors. These funds are domiciled in the Cayman Islands with the "AFC Asia Frontier Fund" available to US investors only and the "AFC Asia Frontier Fund (non-US)" available to non-US investors only.

Subscriptions to the fund are made monthly and close 5 days before the last day of the month. There are 2 groups of fund certificates quoted in currencies: USD, CHF and EUR.

To request an application or find out more about investing with our funds please contact This email address is being protected from spambots. You need JavaScript enabled to view it. .

 Group AGroup B
Management fee 1.8% of net asset value/year 1.5% of net asset value/year
Performance Fee 10% of net asset surplus on 3-month USD LIBOR + 2% and high water mark rate 8% of net asset surplus on 3-month USD LIBOR + 2% and high water mark rate
Sign up 5 days before the last day of every calendar month 5 days before the last day of every calendar month
Withdrawal At monthly net asset value- with 90 days notice At monthly net asset value- with 180 days notice
Currency for funds USD, EUR, CHF USD, EUR, CHF
Minimum initial investment amount USD 25,000 for USD shares USD 25,000 for USD shares
EUR 25,000 for EUR shares EUR 25,000 for EUR shares
CHF 25,000 for CHF shares CHF 25,000 for CHF shares
Valuation date Last day of the calendar month Last day of the calendar month

AFC Vietnam Fund

Net NAV Yield in USD

AVF-Perf-Chart

Asia Frontier Capital (Vietnam) Limited, headquartered in the Cayman Islands, is the manager of the "AFC Vietnam Fund". The Fund aims to provide long-term incremental returns to investors by capturing the value of growth companies, particularly in the small and medium-sized enterprise segment.

The AFC Vietnam Fund is managed and led by Thomas Hugger, Andreas Karall and Andreas Vogelsanger. The team has a combined combined experience of over 75 years working in Asia and has held senior positions in Cambodia, Hong Kong, Singapore, Sri Lanka, and Thailand.

For more information on the fund's performance or to view our factsheets and presentations please contact: This email address is being protected from spambots. You need JavaScript enabled to view it. .

 Group C
Management fee 1.8% of net asset value/year
Performance Fee 12.5% ​​of net asset value above high water mark
Sign up 5 days before the last day of every calendar month
Withdrawal At monthly net asset value- with 60 days notice
Fund currency USD
Minimum initial investment amount USD 10,000
Valuation date Last day of the calendar month

Contact AFC

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: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

mrt-logo
Sheung Wan Station, Exit A1 ( Island Line )

Asia Frontier Investments Ltd is licensed by the Securities and Exchange Commission of Hong Kong "SFC" for Category 4 (Advice on Securities) and Category 9 (Asset Management) activities.