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Tundra Fonder: Tundra Fonder launches Vietnam office

Tundra Fonder continues to expand into frontier markets, the new
emerging markets. The asset manager now launches an office in Ho Chi
Minh City, Vietnam. Duc Nguyen, with extensive experience from the
Vietnamese equity market, has been hired as Country Officer.

- Vietnam offers one of the most exciting investment opportunities
globally. The economy grew close to 7% last year and global giants
such as Samsung Electronics and LG Electronics have relocated a
substantial portion of their production to Vietnam. Despite this, a
majority of foreign financial investors have still not discovered
this market, says Jon Scheiber, CEO at Tundra.

In May 2014, Tundra launched an actively managed Vietnam equity fund,
the first Nordic manager to do so. Since inception, the fund has
outperformed its benchmark by 17%.

- We are convinced that local presence does matter in frontier
markets. This is why we are now launching our second office in one of
our core markets, says Jon Scheiber.

Since two years, Tundra has a research office in Pakistan and is one
of the major investors in the country.

For additional information:

Jon Scheiber, CEO Tundra Fonder,, ph +46
8 5511 4570

Tundra Fonder is a Swedish asset manager specialising in frontier
markets, the new emerging markets. We invest in companies when they
are as yet unknown, unavailable or non-transparent to the large mass
of ordinary fund managers, but nonetheless more exciting and
interesting as investments.

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