The Vietnam Fund returned +1.9% in March with an NAV of USD 1,718.10, a new all-time high, bringing the net return since inception to +71.8%. This represents an annualized return of +18.0% p.a. The March performance of the Ho Chi Minh City VN Index in USD was also...
The Asia Frontier Fund USD A-shares gained +0.1% in March 2017. The fund under performed the MSCI Frontier Markets Asia Index (+0.4%) the MSCI World Index (+0.8%) and the MSCI Frontier Markets Index which was up +1.3%. The USD A shares achieved a NAV of USD 1,740.18....
The AFC Asia Frontier Fund (AAFF) USD A-shares gained +3.7% in December 2016. The fund outperformed the MSCI Frontier Markets Index (+2.7%) and the MSCI World Index (+2.3%) but underperformed the MSCI Frontier Markets Asia Index which was up +4.5%. The USD A shares...
The investment committee of FMG is moving its focus away from these two Bermuda funds, which would lower their AUM and further increase their running costs. The fund directors thus moved to close the fund. FMG meanwhile offers investors in these two funds the...
The Russian Federation first Mercantile Fund (“RFFMF”) had strong fourth quarter benefiting from a Donald Trump victory, which is seen hugely positive for Russia. In addition to the improved geo-political outlook, the price of oil (brent) increased 16% in the fourth...
