Manager Comment September 2017

Asia Frontier Fund USD A-shares gained +0.7% in September 2017. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+3.8%), the MSCI Frontier Markets Net Total Return USD Index (+2.0%), and the MSCI World Net Total Return USD Index,...

Manager Comment September 2017

Asian Markets were mixed in September, with the Hang Seng Index -1.5%, MSCI Asia ex-Japan Index -0.3%, FTSE ASEAN +0.3%, Thai SET Index +3.2%. Knight Mekong Fund gained +1.7% Global money flows continued to support markets generally in September, although technology...

Information in relation to holdings in the FMG (EU) Africa Fund.

Reference is made to our letter dated 25 July 2017 in relation to the Suspension of Dealing and Compulsory Redemption of the above mentioned Sub-Fund. We are pleased to note that the Investment Manager has closed down all of the Sub-Fund’s underlying positions and all...

Manager Comment August 2017

The Vietnam Fund returned -4.4% in August with a NAV of USD 1,820.85, bringing the net return since inception to +82.1%. This represents an annualised return of +17.6% p.a. The August performance of the Ho Chi Minh City VN Index in USD was -0.2% while the Hanoi VH...

Manager Comment August 2017

Asia Frontier Fund USD A-shares lost −3.5% in August 2017. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+1.9%) the MSCI Frontier Markets Net Total Return USD Index (+3.7%), and the MSCI World Net Total Return USD Index, which was...