Manager Comment May 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares declined −4.5% in May 2018 to a NAV of USD 1,563.33. The fund outperformed the MSCI Frontier Markets Asia Net Total Return USD Index (−9.4%), the MSCI Frontier Markets Net Total Return USD Index (−9.2%), and the AFC Frontier Asia...

Manager Comment April 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares declined -3.5% in April 2018. The fund outperformed the MSCI Frontier Markets Asia Net Total Return USD Index (-6.7%), but underperformed the AFC Adjusted Frontier Asia Index* (-2.6%), the MSCI Frontier Markets Net Total Return USD...

Manager Comment March 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares declined -1.5% in March 2018. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+5.2%) and the MSCI Frontier Markets Net Total Return USD Index (+0.9%), but outperformed the MSCI World Net Total...

Manager Comment February 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares lost -1.5% in February 2018. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (-0.8%), had a similar performance to the MSCI Frontier Markets Net Total Return USD Index (-1.5%), and outperformed the...

Manager Comment January 2018 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares gained +2.4% in January 2018. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+8.9%), the MSCI Frontier Markets Net Total Return USD Index (+5.7%), and the MSCI World Net Total Return USD Index,...

Manager Comment December 2017 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares lost -2.3% in December 2017, finishing the year with a performance of +0.2%. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+6.1%) the MSCI Frontier Markets Net Total Return USD Index (+3.1%), and...