• Another month of outperformance for Frontier and Emerging markets compared to Developed markets. Chinese H-stocks stood out, rising 11% during the month. • Russia was the exception, falling 6%…

• Emerging markets continued to deliver positive return for a fifth month in a row (MSCI Emerging Markets +3.2% in SEK). A streak of similar length has not happened since…

During the past month we launched a new fund, Tundra Vietnam Fund, Scandinavia’s first actively managed Vietnam fund. The fund gave a return of 7.3% (SEK) since inception. We have…

• Frontier markets continued to rise in April, +4.8% in SEK (MSCI Frontier Markets xGCC Net). • After a cautious start of the year, Nigeria rose 7.0% in April. Together…

• March was a strong month for emerging and frontier markets with returns of 4.1% and 2.6% respectively (in SEK). Several of the markets rose more than 10%. Worth noticing…

• A weak month for smaller frontier markets led by the two most important markets Nigeria and Pakistan. We describe the background to the turbulence in Nigeria and what we…

During January, Tundra Fonder announced the opening of a research office in Karachi, Pakistan, for coverage of Pakistan, Bangladesh, Vietnam and other frontier markets in the region. We take another…

Tundra Fonder Monthly Letter December 2013. • 2013 turned out to be an unusual year for emerging markets as they for the first time since 1998 fell (-3.8% in SEK)…

Tundra Fonder Monthly Letter November 2013 • November turned out to be another satisfying month for frontier markets with positive return. We conclude that frontier markets have given a return…

Wall Street Journal article on the Pakistani equity market. Article in Wall Street Journal