Manager Comment February 2018 – Asia Frontier Fund

The Asia Frontier Fund lost −0.04% in February 2019. The fund outperformed the AFC Frontier Asia Adjusted Index (−0.5%) but underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+7.4%), the MSCI Frontier Markets Net Total Return USD Index (+0.8%)...

Manager Comment January 2018 – Vietnam Fund

The Vietnam Fund returned −1.6% in January with a NAV of USD 1,747.73, bringing the return since inception to +74.8%. This represents an annualized return of +11.6% p.a. The Ho Chi Minh City VN Index in USD gained +2.4%, while the Hanoi VH Index lost −1.0% (in USD...

Manager Comment January 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares remained flat in January 2019. The fund underperformed the AFC Frontier Asia Adjusted Index (+8.2%), the MSCI Frontier Markets Asia Net Total Return USD Index (+4.2%), the MSCI Frontier Markets Net Total Return USD Index (+4.8%) and...