Knight Mekong Fund

After decades of base building, the countries of the Greater Mekong Sub-Region have come of age, with Thailand as the leading entry port for trade and capital flow.The Knight Mekong Fund invests in listed and pre-IPO companies in the countries of the Mekong Region: Cambodia, Laos, Myanmar, Thailand and Vietnam, including Mekong companies listed outside the region, such as Hong Kong and Singapore. The Fund applies similar value driven principles and contrarian timing that have served the Bangkok based manager well in Thai and ASEAN orientated funds, generating 15-20% per annum for the past 5 years. More information about the fund is available in the presentation below. The fund offers monthly liquidity. Minimum subscription through FMG’s nominee service is US$ 25,000.

If you are interested to invest in this fund, either direct or through your Personal Portfolio Bond (PPB), then please Contact Me for further information.

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Mekong Fund Update, Jan 2016

 

The Fastest Growing Economies in 2016

“A scattering of emerging Asian countries make a notable appearance in the top-ten: growth in the region is buoyed by rising private consumption, and in particular a revitalised tourism sector in Laos.”

– The Economist, January 2nd 2016

2016 GDP Forecast, % change on a year earlier. Source: The Economist

 

Geographical Exposure %:

The fund was 61% invested in December 2015. 
Sources: The Mekong Fund’s Prospectus and the December 31st 2015 Fact Sheet.

 

The Mekong Region at a Glance:

DEMOGRAPHICS: +300 mn people, with a growing number of middle class consumers
DEBT LEVELS: Average government debt to GDP is below 50% (U.S. 72%, EU 87%)
RESOURCES: Inexpensive labour, agriculture, oil, gas, copper, gold and hydro power
GROWTH: GDP growth averages +7% (U.S. +2%, EU -0.5%)
RURAL REFORM: The governments are encouraging hinterland development
URBANISATION: Average urban population is 38% (U.S. 81%) 
STOCKMARKETS: The Thai market cap is over US$ 400 bn and Vietnam roughly US$ 50 bn. The other markets are still in their infancy and are now starting to open up.