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 3% (SEK) during the past month and hence outperformed emerging (-4%) and well as developed markets (-5%). Commodity exporters, primarily Nigeria and Argentina, suffered the most from…
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
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). All Tundra funds outperformed their respective benchmark in the past…
Nov
2015
TUNDRA FONDERS MONTHLY UPDATE OCTOBER 2015
During the past month frontier markets rose for the first time since April. Moreover, we are proud to see that Tundra has been nominated to the award European Specialist Investment…
Oct
2015
TUNDRA FONDERS MONTHLY UPDATE SEPTEMBER 2015
Frontier markets fell for the fifth month in a row. Since the beginning of the current correction in July 2014, frontier markets have lost a quarter of its market cap…
Sep
2015
TUNDRA FONDERS MONTHLY UPDATE AUGUST 2015
August turned out to be a depressing story for equity investors worldwide. The fact that frontier markets fell (-5% in SEK terms) less than emerging as well as developed markets…
Aug
2015
TUNDRA FONDER – MONTHLY LETTER JULY 2015
Frontier markets gave up 0.6% (in SEK) in July, with large differences between individual countries. Equity markets in oil exporting countries like Nigeria and Kazakhstan fell sharply, while oil importing…
Jul
2015
TUNDRA FONDER – MONTHLY LETTER JUNE 2015
Apr
2015
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…