Since the beginning of the current correction in July 2014, frontier markets have lost a quarter of its market cap in USD terms. Current valuations in frontier markets correspond to those prevailing during the Euro crisis.
Worthwhile noticing is that the sell-off in frontier markets starting during the summer of 2014 is similar in size as the sell-off hitting emerging markets. This despite several of the major emerging markets having struggled – sanctions and a lower oil price in the case of Russia, Brazil now being in recession and China victim of a slowing economy and equity market bubble bursting. At the same time, the fundamental picture for several of the major frontier markets has improved.
The difference in return among the individual frontier markets were substantial during the past quarter with a 51% difference in return between the best performing market (Latvia) and the worst (Kazakhstan).
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Tundra har marknadsföringstillstånd för sina fonder i nedan länder. Tundra har dessutom marknads-föringstillstånd för sin diskretionära förvaltning i Danmark. Genom att klicka på respektive land bekräftar du att du är hemmahörande i något av dessa.
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Andelar i värdepappersfonder kan både öka och minska i värde, det är därför inte säkert att man vid försäljning alltid får tillbaka investerade pengar. Historisk avkastning är ingen garanti för framtida avkastning. Fondens värde kan variera kraftigt pga fondens sammansättning och de förvaltningsmetoder fondbolaget använder.
Informationsbroschyren, faktablad och övrig information finns på http://www.tundrafonder.se/kopasalja/ och årsredovisning och halvårsredogörelse finns på http://www.tundrafonder.se/nyheter-analys/arsredovisningar/. Du kan också kontakta oss om du vill att vi ska skicka dessa handlingar kostnadsfritt till dig.
Har du några frågor är du välkomna att ringa oss på telefonnummer: 08-55 11 45 70.
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The information being provided on this website shall not be seen as solicitation, marketing or recommendation of the funds. The information is not designed for use in any jurisdiction or location (including the United States of America) where the publication or availability of the information would be contrary to local law or regulation. All information on this website is for information purposes only. Persons accessing this website are responsible for their choice and use of the information.
Capital invested in a fund may either increase or decrease in value and it is not certain that you will be able to recover all of your investment. Historical return is no guarantee of future return. The Full Prospectus, KIID etc. can be found at http://www.tundrafonder.se/en/kopasalja/ and the Annual and semi-annual reports can be found at http://www.tundrafonder.se/en/annual-reports/. You can also contact us to receive the documents free of charge.
Please contact us if you require any further information:+46 8-55 11 45 70
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Capital invested in a fund may either increase or decrease in value and it is not certain that you will be able to recover all of your investment. Historical return is no guarantee of future return. The state of the origin of the Fund is Sweden. This document may only be distributed in or from Switzerland to qualified investors within the meaning of Art. 10 Para. 3,3bis and 3ter CISA. The representative in Switzerland is OpenFunds Investment Services AG, Seefeldstrasse 35, 8008 Zurich, Switzerland, whilst the Paying Agent is Società Bancaria Ticinese, Piazza Collegiata 3, 6501 Bellinzona, Switzerland. The Basic documents of the fund as well as the annual report may be obtained free of charge at the registered office of the Swiss Representative. www.tundrafonder.se
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* Qualified investor according to Art. 10 Para. 3, 3bis and 3ter CISA.
