12
Jan
2017
Monthly updates, News
TUNDRA FONDERS MONTHLY UPDATE DECEMBER 2016

Frontier markets rose 0.4% in SEK terms during December (MSCI Frontier Markets xGCC Net). 2016 hence ended with a total return of 11.0%.

  • The Pakistani market once again outperformed and rose 12.1% during December due to strong buying interest from domestic investors.
  • We are optimistic on frontier markets for 2017. The asset class has suffered from several years of net redemptions from funds and valuations are attractive. This is the case particularly if adjusted for some of the major blue chips. In addition to this, several of the major frontier markets have good chances of enjoying accelerating growth rates in 2017.
  • The best returning fund among Tundra’s funds in December was Tundra Rysslandsfond, +7.9%.

Read the entire update here.


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