Manager Comment November 2018 – Listed Private Equity Fund

In November, the Listed Private Equity developed positively. The US Business Development Companies (BDCs) in particular made a positive contribution to the monthly performance and benefited from their floating-interest rate debt investments. The alternative asset...

Manager Comment November 2018 – Listed Infrastructure Fund

In November, Listed Infrastructure recorded a positive performance. Following its very solid performance last month, when global equity markets fell sharply, the fund performed in line with the recovery of the broad equity market in November. One of the positive...

Manager Comment for Mekong Fund

World and Asian Markets slumped further in December, with the Hang Seng Index -3.8% (YTD -14.8%), the MSCI Asia ex Japan Index -3.4% (YTD -16.8%), the MSCI AC ASEAN Index -0.9% (YTD -11.8%), and Thai SET Index slipping -3.6% (YTD -10.8%); Knight Mekong Fund +2.2% (YTD...

Manager Comment November 2018 – Asia Frontier Fund

The Asia Frontier Fund (AAFF) USD A-shares declined -1.5% in November 2018. The fund outperformed the AFC Frontier Asia Adjusted Index (-2.6%) but underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+2.9%), the MSCI Frontier Markets Net Total...

Manager Comment November 2018 – Vietnam Fund

The Vietnam Fund returned +0.4% in November with a NAV of USD 1,813.88, bringing the return since inception to +81.4%. This represents an annualised return of +12.8% p.a. The Ho Chi Minh City VN Index in USD gained +1.3%, while the Hanoi VH Index lost −0.5% (in USD...