Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter