We can add another year to the history books. Frontier markets ended 2014 with a return of 17.4% in SEK terms (MSCI Frontier Markets xGCC Net). The past year became…

• Frontier markets fell for a second month in a row in November (MSCI Frontier Markets xGCC Net – 4.4% in SEK). Nigeria, the largest frontier market globally, continued to…

Please find below our monthly letter for October 2014. During the month Tundra Pakistan fund celebrated its third anniversary. October 14th 2011 the world’s first actively managed Pakistan fund run…

While traditional emerging markets struggled in September (MSCI Emerging Markets Net fell 3.7% in SEK), frontier markets returned 5.0% (MSCI Frontier Markets xGCC Net).Tundra Pakistanfond was best among our funds…

August ended as the third month this year with negative returns from the frontier markets (excluding the Middle East) as MSCI Frontier Markets xGCC fell 1.1% in SEK. Individual countries…

• Another month of outperformance for Frontier and Emerging markets compared to Developed markets. Chinese H-stocks stood out, rising 11% during the month. • Russia was the exception, falling 6%…

• Emerging markets continued to deliver positive return for a fifth month in a row (MSCI Emerging Markets +3.2% in SEK). A streak of similar length has not happened since…

During the past month we launched a new fund, Tundra Vietnam Fund, Scandinavia’s first actively managed Vietnam fund. The fund gave a return of 7.3% (SEK) since inception. We have…

• Frontier markets continued to rise in April, +4.8% in SEK (MSCI Frontier Markets xGCC Net). • After a cautious start of the year, Nigeria rose 7.0% in April. Together…

• March was a strong month for emerging and frontier markets with returns of 4.1% and 2.6% respectively (in SEK). Several of the markets rose more than 10%. Worth noticing…