15
Jun
2017
Monthly Updates, News
TUNDRA FONDERS MONTHLY UPDATE MAY 2017

May turned out to be an eventful month for frontier markets and the asset class ended the month at +4.1% (SEK).

  • Africa outperformed during May and Nigeria rose by 15.7% while Kenya rose by 13.9%. The Central Bank of Nigeria introduced a new FX window for trading of the naira, a very important step in regaining foreign investors’ confidence in the Nigerian market.
  • Pakistan (+0.9%) was formally upgraded to emerging market status by MSCI June 1st. The foreign inflows have however not yet materialized.
  • Rising concerns of escalating margin lending dominated the Vietnamese market (-1.0%).

Click for the full Pakistan or Frontier Opportunities update.


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