The main event during the quarter was the election and the unexpected outsized win of prime minister Modi. The new budget was presented and a continuation of promises made in his first 5-year chapter may be continued. In a land with almost 1.3 billion people, a...
The MSCI China index is now trading at a P/E of 10.2 for 2020 with earnings for this year of over 20%. The on-going trade war explains the difference. The A-share factor in the MSCI index doubled from 5% to 10% by end May and this brings the A-share weight in the...
In June, Partners Group Listed Investments – Listed Private Equity continued its strong performance trajectory. The positive result was primarily driven by US-based alternative asset managers, which benefited from healthy fundraising activity combined with the ability...
The Vietnam Fund returned +2.0 % in June with a NAV of USD 1,815.41, bringing the return since inception to +81.5%. This represents an annualized return of +11.4% p.a. The Ho Chi Minh City VN Index in USD lost −0.6%, while the Hanoi VH Index lost −0.3% (in USD terms)....
The Asia Frontier Fund USD A-shares declined −0.4% in June 2019 with a NAV of 1,309.34. The fund outperformed the AFC Frontier Asia Adjusted Index (−9.3%) while performance was similar to the MSCI Frontier Markets Asia Net Total Return USD Index (−0.4%), however the...
