• 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 be plagued by a falling oil price and fell 10.6%.
• Tha Pakistani market went against the tide and gained 1.7%.
• All six Tundra funds outperformed its respective benchmark index during November. Tundra Frontier Opportunities had one of its best months ever in terms of relative performance. The fund fell 0.3%, compared to the benchmark return of -4.4%.
Read the entire update here.
Kundgrupp / Investortype:
* Ontario and Quebec