In the fourth quarter the Iraqi market, as measured by the Rabee Index, decreased by 5%. As we try to remind or investors from time to time, frontier markets like Iraq are one of the few remaining uncorrelated assets in the world. This was proven again during Q4 when...
The government began 2018 with a lot of credibilities but Prime Minister Modi has lost a bit of momentum on the way. We saw the key commodity for India, the crude oil, trade all over the place during the year, hitting a high of 86. A crude price above 70 is bad for...
Since September, lots of economic news was released and it confirms the slower economy, domestic consumption, and export all resulting from previous deleveraging policy. In the past few months, the government has introduced active measures to combat the slower growth...
The Vietnam Fund returned −2.0% in December with a NAV of USD 1,776.74, bringing the return since inception to +77.7%. This represents an annualised return of +12.1% p.a. The Ho Chi Minh City VN Index in USD lost −3.4%, while the Hanoi VH Index lost −0.3% (in USD...
The Asia Frontier Fund (AAFF) USD A-shares declined −0.7% in December 2018. The fund outperformed the AFC Frontier Asia Adjusted Index (−7.7%), the MSCI Frontier Markets Asia Net Total Return USD Index (−2.9%), the MSCI Frontier Markets Net Total Return USD Index...
