Manager Comment November 2017

Asia Frontier Fund USD A-shares gained +2.8% in November 2017. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+13.9%) but outperformed the MSCI Frontier Markets Net Total Return USD Index (+1.2%), and the MSCI World Net Total Return...

Manager Comment October 2017

The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares lost −1.6% in October 2017. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+5.2%) the MSCI Frontier Markets Net Total Return USD Index (+1.2%), and the MSCI World Net Total...

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 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...

Manager Comment July 2017

Asia Frontier Fund USD A-shares were flat in July 2017. The fund outperformed the MSCI Frontier Markets Asia Net Total Return USD Index (−0.6%) but underperformed the MSCI Frontier Markets Net Total Return USD Index (+2.1%) and the MSCI World Net Total Return USD...

Manager Comment June 2017

Asia Frontier Fund USD A-shares lost −1.2% in June 2017. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+3.1%), the MSCI Frontier Markets Net Total Return USD Index (+0.6%), and the MSCI World Net Total Return USD Index, which was...