7
Jul
2017
Monthly updates, News
TUNDRA FONDERS MONTHLY UPDATE JUNE 2017

The appreciating Swedish krona resulted in frontier markets ending June at -1.5% in SEK terms. In USD terms, the asset class (MSCI Frontier Markets xGCC Net) however rose by 1.5%. June became the seventh consecutive month of positive returns in USD and 1H 2017 was the best half year period since 2007 (+19%) while the best since 2014 in SEK (+11%).

  • The market return has also been reflected in net inflows into frontier markets globally. With the exception of a brief period in late March, the entire first half was dominated by net inflows. This is in stark contrast to 2016, when redemptions prevailed.
  • The spread between outperformers and underperformers was substantial in June among Tundra’s focus markets. Nigeria rose 7% while Pakistan had a challenging first month as emerging market, -9% (both in SEK).
  • Best among Tundra’s fund in the past month was Tundra Frontier Africa Fund, +4.4%.

Read the full report here.

Vänligen välj kundgrupp för att fortsätta

Genom att fortsätta använda webbplatsen samtycker du till vår användning av cookies

Tundra har marknadsföringstillstånd för sina fonder i nedan länder. Tundra har dessutom marknads-föringstillstånd för sin diskretionära förvaltning i Danmark. Genom att klicka på respektive land bekräftar du att du är hemmahörande i något av dessa.

Please select investor type before proceeding

By continuing to use this site you agree to our use of cookies

Tundra has marketing licenses for its funds in the below jurisdictions. In addition, Tundra has a marketing license for managing segregated accounts In Denmark. You confirm your jurisdiction by clicking on one of the links below.

Kundgrupp / Investortype:

* Ontario and Quebec