8
Jun
2016
Monthly updates, News
TUNDRA FONDERS MONTHLY UPDATE MAY 2016

Return wise, May was a strong month for frontier markets (+6.5% in SEK).

  • Nigeria as well as Kazakhstan outperformed rising 20%.
  • Year-to-date frontier markets have returned 5%, outperforming emerging (+1%) as well as developed markets (+/-0%).
  • We note a much more constructive climate for investments in frontier markets, where the constant selling pressure we have observed since mid-2014 has slowed down.
  • Tundra Nigeria and Sub-Sahara Fund (+12%) was the best performing Tundra fund during May.

Read the entire update here.


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