16
Jun
2014
Monthly updates, News
TUNDRA FONDER – MONTHLY LETTER MAY 2014

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 also continued the expansion of our research team by hiring Rashmina Lalani. Rashmina will be based in Tundra’s Karachi office. For equity investors on emerging and frontier markets, May turned out to be a good month:

• Emerging markets rose 5.7% (SEK) in May while frontier markets returned 6.6% (MSCI Frontier Markets xGCC Net).

• Noteworthy is that the return from our Russian equity fund, Tundra Rysslandsfond, as well as Tundra Nigeria & Sub-Sahara both exceeded 10% (SEK) in the past month.

Read the entire update here

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