27
Nov
2017
News, Reports, Sustainable, Vietnam
Why Index Investing in Frontier Markets is Not Always a Good Idea
FLC Faros Construction JSC (ROS) is a new blue chip stock in Vietnam with a market cap of USD 3.8bn that has run close to 1,800% since its listing debut...
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19
Sep
2017
News, Pakistan, Reports, Sustainable
Tundra Comment – Pakistan: Where do we go from here?

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…

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14
Sep
2017
News, Pakistan, Reports, Sustainable
Tundra case – Aisha Steel

Aisha Steel Mills Limited (ASML) bought on behalf of three of Tundra Fonder’s funds represents a sustainable mid-sized steel company in Pakistan. The case study establishes the global water, energy…

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16
Jun
2017
News, Pakistan, Reports, Sustainable, Vietnam
Frontier Markets – Where will you be invested in three years?

On June 1st, Pakistan was formally upgraded to emerging market status by MSCI. In June 2018, Argentina is a probable upgrade candidate and in 2-3 years it is realistic that…

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8
Jun
2017
News, Reports, Sustainable, Vietnam
Tundra Focus – Views on ESG in Vietnam

Since we opened our office in Ho Chi Minh City last year, several of us from Tundra have had the opportunity to visit Vietnam. This report gathers some of our impressions on ESG-related…

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27
Jan
2017
News, Reports
Tundra Case – Daewoo Express Bus Services

This case report on Daewoo Express Bus Services, the largest and one of few organized transportation companies in Pakistan, describes an investment where the business case is very closely linked…

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15
Dec
2016
News, Reports
Tundra Christmas Donation 2016

It has become somewhat of a tradition for Tundra to every year in December make a small financial contribution that benefits the disadvantaged and the vulnerable in society. The main…

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4
May
2016
News, Reports
Tundra comment: MSCI upgrade, market update and travel journal

In June 2016 MSCI will decide whether to upgrade Pakistan to Emerging Markets status or not. We believe the risks are tilted to the upside. We explain our reasoning in…

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28
Jan
2016
News, Reports
Report from Tundra Sustainable Forum in Karachi

In December, Tundra together with the Karachi Stock Exchange arranged Tundra Sustainable Forum in Karachi, Pakistan, a conference on sustainable investments. With delegates from a majority of the top-100 listed…

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21
Dec
2015
News, Reports
Travel Journal Nigeria

Earlier this year part of Tundra’s portfolio management team visited Nigeria. Despite being the largest economy in Africa, few foreign asset managers have yet invested in the country. In our travel journal,…

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