May
2016
Tundra comment: MSCI upgrade, market update and travel journal
In June 2016 MSCI will decide whether to upgrade Pakistan to Emerging Markets status or not. We believe the risks are tilted to the upside. We explain our reasoning in…
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
Holiday in Pakistan March 23
The stock exchange in Pakistan is closed on March 23rd due to Pakistan Day celebrations, and there will be no trading in Tundra Pakistan Fund.
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…
Feb
2016
Pakistan closed February 5th
Pakistan is closed for Kashmir Day on February 5th. No trading in Tundra Pakistan Fund on this day.
Jan
2016
Report from Tundra Sustainable Forum in Karachi
In December, Tundra together with the Karachi Stock Exchange arranged Tundra Sustainable Forum in Karachi, Pakistan, a conference on sustainable investments. With delegates from a majority of the top-100 listed…
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
Travel Journal Nigeria
Earlier this year part of Tundra’s portfolio management team visited Nigeria. Despite being the largest economy in Africa, few foreign asset managers have yet invested in the country. In our travel journal,…
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…