6
Mar
2015
Monthly updates, News
Tundra Fonder – Monthly Letter February 2015

• February was characterized by rising risk appetite globally. Frontier markets were no exception and rose 4% in SEK terms during the past month.

• The Pakistani equity market fell 2% (MSCI Pakistan Net in SEK). Corporate results have generally been better than expected and inflation remains low. Interest from foreign investors was however lacklustre.

• The Russian equity market was the obvious outperformer during February (MSCI Russia Net +24% in SEK) as a result of the run in the oil price and progress in the peace negotiations with Ukraine

Read the entire update here.

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