17
Aug
2017
Monthly updates, News
TUNDRA FONDERS MONTHLY UPDATE JULY 2017

Frontier markets fell 2.8% in SEK terms during July as the SEK strengthened substantially.

  • African and European frontier markets outperformed. Nigeria rose 5% and continued to gain foreign investors’ confidence after the country implemented a new currency trading mechanism.
  • Asian frontier markets fell in July. The previous years’ winner, Pakistan, fell 10.3% on continued political concerns. An expanding current account deficit and the currency volatility associated with this did not help either.
  • Best among Tundra’s funds in July was Tundra Frontier Africa Fund, which fell 1.3%.

Read the full report here.


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