Tundra Fonder reps in town to appraise CSE investments

The officials of Sweden-based global asset management company, Tundra Fonder are currently in Sri Lanka for a brief assessment of its Sri Lankan equity market investments, following the Easter Sunday attacks on April 21.

“Tundra currently in #SriLanka for meeting with our portfolio companies. Sad but important time to go to see the short-term effect and if any impact on longer-term outlook,” Tundra Fonder’s official Twitter account said. 

Tundra Fonder’s Tundra Sustainable Frontier Fund has investments in a number of Sri Lankan companies on the Colombo Stock Exchange. 

The fund has 12 percent of its assets invested in Sri Lankan stocks, which they said were marginally affected by the terrifying attacks that occurred on April 21.