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:
- complete the subscription documents
- provide KYC information
- arrange a funds transfer of the investment amount
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:
- No brokerage fees when subscribing to the funds
- No custody fees during the holding period
- Investors will receive a monthly update with number of shares held and latest NAV (can also be used for tax purposes in many countries)
- 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:
- Brown Brothers Harriman, New York (http://www.bbh.com)
- CITCO Global Securities Services Ireland (http://www.citco.com)
- Clearstream (http://www.clearstream.com)
- "FundSettle platform" of Euroclear, Brussels (https://my.euroclear.com)
- SIX Securities Services, Olten (http://www.six-securities-services.com)
- Societe Generale Securities Services Luxembourg (http://www.securities-services.societegenerale.com)
- 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:
- Friends Provident fund platform (http://www.fpinternational.com)
- Generali fund platform (http://www.generali.com)
- 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.
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.
|Class A||Class 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
|8% NAV appreciation above 3
month USD LIBOR +2% and high
|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|
|Subsequent Minimum Investment (US & non-US Investors)||USD 5,000 for USD shares||USD 5,000 for USD shares|
|EUR 5,000 for EUR shares||EUR 5,000 for EUR shares|
|CHF 5,000 for CHF shares||CHF 5,000 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|
|CUSIP||G0132A 101||G0132A 127||G0132A 143||G0132A 119||G0132A 135||G0132A 150|
|Bloomberg||LEASFAA KY||LEASFAE KY||LEASFAC KY||LEASFAB KY||LEASFBE KY||LEASFBC KY|
Fund Details for Non-US Investors
|Securities Numbers: AFC Asia Frontier Fund (Non-US)|
|CUSIP||G0133A 100||G0133A 126||G0133A 142||G0133A 118||G0133A 134||G0133A 159|
|Bloomberg||LAFNUAU KY||LAFNUAE KY||LAFNUAS KY||LAFNUBU KY||LAFNUBE KY||LAFNUBS KY|
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.