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 the third year in a row of rising prices in SEK terms. The positive return however is explained by the weaker Swedish Krona and in USD terms frontier markets fell 3.2% during 2014.
• Tundra’s global frontier fund, Tundra Frontier Opportunities Fund, returned 29.8% during the past year and hence outperformed the benchmark index by 12.4%. Since inception in April 2013 the fund has returned 50.8%, 21.3% better than the benchmark index.
• The best performing fund in 2014 among Tundra’s range of funds was however Tundra Pakistanfond with a return of 60.6% (benchmark return of 35.2%).
• With the oil price hitting new lows, oil importing Asian frontier markets such as Bangladesh, Sri Lanka and Pakistan were among the top performers during the past month.
Read the entire update here.
Kundgrupp / Investortype:
* Ontario and Quebec
