Dutch frontier market boutique launches Lux Sicav

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Dutch frontier market boutique launches Lux Sicav

Dutch boutique Intereffekt Investment Funds, part of independent asset management group Trustus and focused on frontier and emerging markets, has launched a Luxembourg Sicav at the start of November 2017, InvestmentEurope has learned.

Three sub-funds have been registered within the TCM Investment Funds Sicav and approved by Luxembourg regulator CSSF: the TCM Global Frontier High Dividend Equity, TCM Vietnam High Dividend Equity and TCM Africa High Dividend Equity strategies, all co-managed by Wytze Riemersma and Marco Balk

With assets of €31.9m as of 31 October 2017, the TCM Global Frontier High Dividend Equity fund invests in stocks listed on the local exchanges of the frontier markets universe.

As for the TCM Vietnam High Dividend Equity fund, that tallied €7.7m of assets as at end of October 2017, half of its net assets are invested in listed stocks on the exchanges of Ho Chi Minh City and Hanoi.

The €8.5m TCM Africa High Dividend Equity fund invests in listed shares in the northern and sub-Sahara regions of Africa (Egypt, Morocco, Nigeria Kenya, Ghana, Botswana and Mauritius among others) and has limited exposure to South Africa.