The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares increased by 4.2% in April 2020 with a NAV of USD 1,062.41. The fund underperformed the AFC Frontier Asia Adjusted Index (+17.9%), the MSCI Frontier Markets Asia Net Total Return USD Index (+13.1%), the MSCI...
Asian Markets bounced back in April as sellers reached cash targets, but remained well down on the year. The Hang Seng Index is -13.0% YTD, MSCI Asia ex Japan Index -12.5% YTD, MSCI AC ASEAN Index -26.6% YTD, the Thai SET Index -24.9% YTD, & FTSE Vietnam -19.9%...
After a dreadful first quarter, Russian equities followed an improved global sentiment as the liquidity pump kicked in around the world and spooked investors started to re-enter the market again. Russia benefited from a monster recovery in the oil price that saw...
As the name suggests, the FMG Rising 3 Fund invests in Russian, Chinese and/or Indian equities. Russian equities followed an improved global sentiment during the quarter and recouped some of the lost ground from the horrific first quarter, helped by a gigantic...
The MENA region rebounded in tandem with global markets during the second quarter with Saudi (+11%) pulling the region higher. However, the rebound was less sharp in the region and some peripheral markets (Morocco -1%, Oman +2%) failed to join in the rally. The...
