Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

VAM launches Frontiers fund

VAM launches Frontiers fund

VAM Funds has launched a frontier markets equity fund.

The Luxembourg-domiciled VAM Frontiers Markets will target opportunities in the countries domiciled or doing business in the 33 countries classified by MSCI as frontier markets.

VAM partner Driehaus Capital Management is responsible for investment strategy under the leadership of Chad Cleaver, who runs the VAM Emerging Markets Growth fund.  

Cleaver will invest across the market spectrum for his frontier funds, typically holding between 60 and 90 stocks.

'Over the years the emerging markets team at Driehaus has identified and invested in a growing number of compelling opportunities within frontier markets. These markets maintain remarkable demographics and strong future growth potential, Cleaver said.

'Many consumer-related industries are at early stages of development and increasing local demand – such as in banking services, retail merchandising, mobile penetration and auto sales – which is a significant driver of growth.

'At the same time, these markets have small market capitalisation-to-GDP ratios relative to developed and emerging markets, suggesting an undervalued opportunity set. Supporting the opportunity is the fact that foreign direct investment is increasing, which provides an additional significant driver of growth within the frontier universe.'

The fund, which has a 2.25% annual charge, will be available to institutional fund buyers, including discretionary fund managers, wealth managers, funds of funds, private banks and family offices.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter