Silk Road Management, Mongolia-based investment management firm, has introduced a new fund focused on Myanmar, Mongolia and Mozambique.

Silk Road M3 Fund is an open-ended fund that will primarily invest in equities of internationally-listed companies with assets and operations in the three countries, as well as high-yield fixed income and local currency assets. 

M3, referring to the three countries, has a largely untapped natural resource base and is geographically and economically strongly-linked with Brazil, Russia, India, China and South Africa. All three are formerly socialist countries that are experiencing market economic reforms in a bid to attract more foreign investment, the firm said. 

According to Silk Road, Mongolia, Myanmar and Mozambique will be among the top five fastest growing economies in the next decade, with Mongolia's gross domestic product projected to rise at 15 per cent per annum and Myanmar and Mozambique expanding 12 per cent and 10 per cent, respectively.

Silk Road Management will market the M3 Fund among international investors, such as family offices, funds of funds and high net worth individuals.