Tundra Comment - Pakistan: Where do we go from here?
Since the peak on May 24th earlier this year, the Pakistan equity market has corrected significantly. From peak to bottom the MSCI Pakistan Index Net TR fell 32% in USD, and 38% in SEK to the bottom on September 7th. It is natural for investors to wonder whether this is a buying opportunity or a sign of worse times to come.
Tundra Fonder launches Vietnam office
We are pleased to inform that our partner Tundra Fonder, a leading asset manager in the Frontier Market equity space, has opened an office in Ho Chi Minh City. This latest move is a testimony of the strong commitment Tundra Fonder has in having a local presence in the markets it is investing in. The Vietnam office is the third office next to Stockholm (headquarter) and Karachi (research office with 5 investment professionals). The company now counts 11 investment professionals and manages over 200m USD.