8
Apr
2015
Monthly updates, News
Tundra Fonder – Monthly Letter March 2015
  • Frontier markets rose 0.6% (in USD terms) during March and hence outperformed emerging as well as developed markets.
  • As usual, the return of the individual markets varied substantially. Nigeria and Argentina outperformed (+15.1% and +13.4%) while Pakistan and Vietnam underperformed (-11.9% and -9.6%).
  • A collapsed hedge fund being forced to liquidate substantial holdings in several frontier markets explains pat of the weak performance in some of the markets. The overall macro backdrop however remained positive.

Read the entire update here.


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