Monthly Updates, News

Please find Tundra’s Monthly Letter for June attached. June was all but a quite summer month, frontier markets (MSCI FMxGCC net ) fell  1.7% compared to  MSCI Emerging Markets rising 6.2% and developed markets (MSCI World) rising 1.0%.

  • I the middle of June MSCI announced that Pakistan will be included in MSCI Emerging Markets Index from May 2017, and hence leave the Frontier Markets Index. The decision was in line with our expectations and is a quality stamp for Pakistan as an investment case.
  • Nigeria decided to let go of the currency peg to the USD they’ve had for 15 months, and instead move to a market pricing. It was implemented on June 20th and resulted in a 30% devaluation to around NGN 280 per USD.
  • The Brexit-result took almost everyone by surprise and stock markets across the globe corrected sharply initially, but soon recovered. As the way forward is still very unclear it is still hard to quantify any effects by UK leaving the EU.

Click for the full Pakistan or Frontier Opportunities update.

Vänligen välj kundgrupp för att fortsätta

Genom att fortsätta använda webbplatsen samtycker du till vår användning av cookies

Tundra har marknadsföringstillstånd för sina fonder i nedan länder. Tundra har dessutom marknads-föringstillstånd för sin diskretionära förvaltning i Danmark. Genom att klicka på respektive land bekräftar du att du är hemmahörande i något av dessa.

Please select investor type before proceeding

By continuing to use this site you agree to our use of cookies

Tundra has marketing licenses for its funds in the below jurisdictions. In addition, Tundra has a marketing license for managing segregated accounts In Denmark. You confirm your jurisdiction by clicking on one of the links below.

Kundgrupp / Investortype:

* Ontario and Quebec