Swedish manager registers frontier market fund in France

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Swedish manager registers frontier market fund in France

Stockholm-headquartered investment firm Coeli Asset Management has received the approval of French financial market regulator AMF for the marketing of the Coeli Frontier Markets fund as from 9 July 2018, InvestmentEurope has learned.

The fund, launched in February 2014, is run by Hans-Henrik Skov and James Bannan. A sub-fund of the Luxembourg-domiciled Coeli Sicav I, it relies on a top-down country assessment combined with bottom-up stock selection to pick high quality companies across the global frontier market universe.

Some $338m (€288.6m) in assets were managed in the fund as of 30 June 2018 but a total of $519m (€443.2m) in AUM were run under that strategy at the same date.

Vietnam, Georgia and Bangladesh were the three top frontier markets in which the fund was invested as of end June 2018. Financials formed 39.5% of the portfolio.

Coeli Asset Management’s AUM amount to over SEK18bn (€1.7bn).