Tundra Fonder has decided to change the name of Tundra Frontier Opportunities Fund to Tundra Sustainable Frontier Fund. The change in name will take place on November 6th 2017. The change in name will be accompanied by minor changes to the fund rules of Tundra Frontier Opportunities Fund. The investment strategy of the fund will remain unchanged, and the fund will continue to focus on frontier markets i.e. the new emerging markets. In addition, Tundra Fonder has decided to merge Tundra Sustainable Frontier Fund into Tundra Frontier Opportunities Fund through a so called absorption where the funds through the merger will become one single fund. The merger is carried out as the investment strategies of the two funds are very similar post the introduction of sustainability screening in the investment process. Furthermore, the merged fund can be managed more efficiently.
The merger will not affect unit holders of Tundra Frontier Opportunities Fund. It is not expected to impact the management of the fund nor, in any meaningful way, alter the fund’s asset composition. The NAV price at which the merger will take place will be calculated on November 3rd 2017. The merger, which has been approved by the Swedish FSA, will then take effect on November 6th 2017.
Subscription and redemption in Tundra Frontier Opportunities Fund will not be affected by the merger. Unit holders of Tundra Frontier Opportunities Fund have, in accordance with chapter 8, paragraph 11 of The Swedish Mutual Funds Act, the right to redeem their units prior to the merger without being charged any other fees than those arising as a result of the divestment of securities due to the redemption. Unit holders may exercise this right until 2.30pm CET November 3rd 2017. Unit holders also have the right until the same date to exchange their units for another fund managed by Tundra Fonder.
The information letter sent to unit holder of Tundra Frontier Opportunities Fund can be downloaded here.
Kundgrupp / Investortype:
* Ontario and Quebec