Tundra Fonder, an independent Swedish fund manager, has launched a frontier markets fund that focuses on sustainable investment.
The fund, dubbed Tundra Sustainable Frontier Fund, will invest in countries including Vietnam, Bangladesh, Pakistan, Sri Lanka, Nigeria and Kenya.
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The fund will particularly focus on ESG (environmental, social, governance) and will not invest in weapons, alcohol, tobacco, pornography and commercial gambling, or in companies that violate the UN conventions.
Tundra has already recruited two analysts with experience from Transparency International to focus on sustainable investments in frontier markets while Ethix SRI Advisors in Stockholm have been engaged as an ESG research partner to assure the fund’s sustainability profile.
Tundra Fonder CEO Jon Scheiber said: "Tundra is the world’s first fund management company to combine investments in frontier markets with a sustainability focus. And there is great interest. Three public institutions have already guaranteed seeding in the fund."
