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How to Invest in AFC Asia Frontier Fund

Asia Frontier Capital Limited is a Cayman Islands domiciled fund management company that has open ended funds which are open for investment. Funds are domiciled in the Cayman Islands with the "AFC Asia Frontier Fund" open for US investors only and the "AFC Asia Frontier Fund (non-US)" open for non-US investors only.

Subscription to the funds is available on a monthly basis and close 5 working days prior to the last day of each calendar month. There are 2 share classes and the fund base currencies are USD, CHF and EUR.

For information on how to invest in the AFC Vietnam Fund please click here.

Invest Directly with AFC

To invest directly in AFC’s funds you will need to:

  1. complete the subscription documents
  2. provide KYC information
  3. arrange a funds transfer of the investment amount

The documents take approximately 20 minutes to complete. To enquire about this process or request the documents please contact info@asiafrontiercapital.com.

Whilst there are many ways to gain access to our funds, we generally advise potential investors to invest directly into the AFC Asia Frontier Fund, AFC Iraq Fund or AFC Vietnam Fund. The advantages compared to investing through a bank, platform or other provider include:

  1. No brokerage fees when subscribing to the funds
  2. No custody fees during the holding period
  3. Investors will receive a monthly update with number of shares held and latest NAV (can also be used for tax purposes in many countries)
  4. Investors will receive ad-hoc information such as the audited annual report

Invest via your Bank

You can enquire with your bank as to whether they have an established relationship with Asia Frontier Capital or access to our funds via another mechanism. Occasionally some investors have been trying to invest through their bank however some of the banks declined the order for unknown reasons. 

In such a case, you should inform your bank that the following companies can provide fund execution services:

  1. Brown Brothers Harriman, New York (http://www.bbh.com)
  2. CITCO Global Securities Services Ireland (http://www.citco.com)
  3. Clearstream (http://www.clearstream.com)
  4. "FundSettle platform" of Euroclear, Brussels (https://my.euroclear.com)
  5. SIX Securities Services, Olten (http://www.six-securities-services.com)
  6. Societe Generale Securities Services Luxembourg (http://www.securities-services.societegenerale.com)
  7. Vidacos Nominees / Citibank London 

These fund service providers have already invested in one of our funds on behalf of their clients.

Invest via a Fund Platform, Insurance Company or Nominee Provider

The AFC Asia Frontier Fund has already been included on various fund platforms:

  1. Friends Provident fund platform (http://www.fpinternational.com)
  2. Generali fund platform (http://www.generali.com)
  3. Old Mutual fund platform (http://www.oldmutualinternational.com)

We have received enquiries from clients regarding other fund platforms and the majority of platform providers indicated that they are able to begin their internal due diligence process on our funds when they receive a request from their existing clients.

If you would like assistance investing via your existing fund account please be in touch directly with them to enquire. We are also happy to help expedite this process on your behalf and encourage you to contact info@asiafrontiercapital.com if you would like assistance from our team.

Invest via your IRA, SIPP or Superannuation Fund

US investors can invest in AFC Asia Frontier Fund through a "self-directed IRA". Millennium Trust Company (http://www.mtrustcompany.com/) is already offering this service and clients have already invested in AFC Asia Frontier Fund through Millennium Trust. 

Non-US investors can also invest via their self directed retirement accounts and several clients from the UK and Australia have already subscribed in this manner.

As each juristiction has different regulations and administrative procedures please contact your retirement fund to enquire about potential options to invest. If you would like more information with regard to investing via your retirement vehicle please contact info@asiafrontiercapital.com.

Fund Information

 Class AClass B
Management Fee 1.8% p.a. of NAV 1.5% p.a. of NAV
Performance Fee 10% NAV appreciation above 3
month USD LIBOR +2% and high
water mark
8% NAV appreciation above 3
month USD LIBOR +2% and high
water mark
Subscriptions 5 business days before month end 5 business days before month end
Redemptions Monthly at NAV – with 90 days notice Monthly at NAV –  with 180 days notice
Fund Base Currencies USD, EUR, CHF USD, EUR, CHF
Initial Minimum Investment (US Investors) USD 50,000 for USD shares USD 50,000 for USD shares
EUR 50,000 for EUR shares EUR 50,000 for EUR shares
CHF 50,000 for CHF shares CHF 50,000 for CHF shares
Initial Minimum Investment (non-US Investors) USD 25,000 for USD shares USD 25,000 for USD shares
EUR 25,000 for EUR shares EUR 25,000 for EUR shares
CHF 25,000 for CHF shares CHF 25,000 for CHF shares
Valuation Day Last day of each calendar month Last day of each calendar month

Fund Details for US Investors

  Securities Numbers: AFC Asia Frontier Fund
ISIN KYG0132A1013 KYG0132A1278 KYG0132A1435 KYG0132A1195 KYG0132A1351 KYG0132A1500
CUSIP G0132A 101 G0132A 127 G0132A 143 G0132A 119 G0132A 135 G0132A 150
Valoren 22307796 22307800 22307802 22307803 22307804 22307805

Fund Details for Non-US Investors

  Securities Numbers: AFC Asia Frontier Fund (Non-US)
ISIN KYG0133A1004 KYG0133A1269 KYG0133A1426 KYG0133A1186 KYG0133A1343 KYG0133A1590
CUSIP G0133A 100 G0133A 126 G0133A 142 G0133A 118 G0133A 134 G0133A 159
Valoren 21182352 22307831 22307834 22307835 22307836 22307838

Asia Frontier Investments Limited, a subsidiary of Asia Frontier Capital Limited, is licensed by the Hong Kong Securities and Futures Commission "SFC" for Type 4 (Advising on Securities) and for Type 9 (Asset Management)

* The representative of the AFC Asia Frontier Fund (non-US) in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, 1204 Geneva. The distribution of Shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for Shares in the Fund distributed in Switzerland are at the registered office of the representative.

** The AFC Asia Frontier Fund is registered for sale to investors in Japan, Switzerland (qualified investors), Hong Kong & UK (professional investors), Singapore (accredited investors) and USA (accredited investors and qualified purchasers).

*** By accessing information contained herein, users are deemed to be representing and warranting that they are either a Hong Kong Professional Investor or are observing the applicable laws and regulations of their relevant jurisdictions.