Jun
2016
TUNDRA FONDERS MONTHLY UPDATE MAY 2016
Return wise, May was a strong month for frontier markets (+6.5% in SEK). Nigeria as well as Kazakhstan outperformed rising 20%. Year-to-date frontier markets have returned 5%, outperforming emerging (+1%)…
May
2016
TUNDRA FONDERS MONTHLY UPDATE APRIL 2016
April was a positive month for frontier market (+2% in SEK terms) where the asset class outperformed emerging as well as developed markets. The positive development was broad based and…
Apr
2016
TUNDRA FONDERS MONTHLY UPDATE MARCH 2016
Hopes of commodities having troughed and dovish statements from the Fed boosted major emerging markets. Despite this, frontier markets did not join the bull run. MSCI Frontier Markets xGCC Net…
Mar
2016
TUNDRA FONDERS MONTHLY UPDATE FEBRUARY 2016
After a tough start of the year, frontier markets rose on a broad base in February. While emerging as well as developed markets fell in February, frontier markets rose 2%…
Feb
2016
TUNDRA FONDERS MONTHLY UPDATE JANUARY 2016
Frontier markets fell 4% (EUR) during the past month and hence outperformed emerging markets (-5.5%). Commodity exporters, primarily Nigeria and Argentina, suffered the most from the global risk aversion while…
Jan
2016
TUNDRA FONDERS MONTHLY UPDATE NOVEMBER 2015
2016 started off dramatically for global equity markets to say the least with substantial sell offs – MSCI AC World had its worst start of a year in 18 years…
Dec
2015
TUNDRA FONDERS MONTHLY UPDATE NOVEMBER 2015
After strong market returns in October, markets fell back again in November (MSCI Frontier Markets xGCC Net -3.1% in SEK). Both Tundra funds outperformed their respective benchmark in the past…
Nov
2015
TUNDRA FONDERS MONTHLY UPDATE OCTOBER 2015
During the past month frontier markets rose for the first time since April. Moreover, we are proud to see that Tundra has been nominated to the award European Specialist Investment…
Oct
2015
TUNDRA FONDERS MONTHLY UPDATE SEPTEMBER 2015
Frontier markets fell for a fifth month in a row. Since the beginning of the current correction in July 2014, frontier markets have lost a quarter of its market cap…
Sep
2015
TUNDRA FONDERS MONTHLY UPDATE AUGUST 2015
August turned out to be a depressing story for equity investors worldwide. The fact that frontier markets fell less than emerging as well as developed markets was not much of…