Category Archives: News

Sberbank joins Enterprise Ethereum Alliance

By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has become the country’s first bank to join the Enterprise Ethereum Alliance (EEA), a nonprofit whose purpose is to coordinate the engineering of an open-source reference standard and a version of the Ethereum blockchain that can address the common interests of firms in a wide range of industries. Continue Reading

Asia Frontier Capital (AFC) – September 2017 Newsletter

“Patience is bitter, but its fruit is sweet.” – Aristotle AFC Funds Performance Summary Frontier markets performed well last month as the MSCI Frontier Markets Net Total Return USD Index gained +2.0% and the MSCI Frontier Markets Asia Net Total Return USD added +3.8%. At the same time, the MSCI World Index Net Total Return USD… Continue Reading

GUEST POST: Warning – danger lurks here

By Capitalist Exploits. Take a look at the volume of stocks listed vs. indexes listed going all the way back to the days of bellbottoms, loud hair, and orange wallpaper. Since 1995, the supply of stocks, particularly in the US, has been shrinking faster than Trump’s approval ratings. At the same time, the number of indexes… Continue Reading

Asia Frontier Capital (AFC) – August 2017 Newsletter

AFC Funds Performance Summary Major equity markets were mixed this past month while frontier markets generally fared well as the MSCI Frontier Markets Net Total Return USD Index gained +3.7% this month and is now up +22.4% YTD, while the MSCI Frontier Markets Asia Net Total Return USD added +1.9% this month and is up… Continue Reading

Asia Frontier Capital (AFC) – July 2017 Newsletter

“I think you have to learn that there’s a company behind every stock and there’s only one real reason why stocks go up. Companies go from doing  poorly to doing well or small companies grow to large companies.” – Peter Lynch AFC Funds Performance Summary Most major equity markets in the world performed well this past… Continue Reading

Asia Frontier Capital (AFC) – June 2017 Newsletter

AFC Funds Performance Summary Rallies in frontier markets and emerging markets continued in June 2017 as the MSCI Frontier Markets Asia Net Total Return USD Index added +3.1%, while the global MSCI Frontier Markets Net Total Return USD Index returned +0.6% and the MSCI Emerging Markets Index Net Total Return Index rallied +1.0%. Worldwide, developed… Continue Reading

Asia Frontier Capital – May 2017 Newsletter

“Risk comes from not knowing what you’re doing. – Warren Buffet AFC Funds Performance Summary   May 2017 was characterized by a strong performance for emerging markets and for a number of frontier markets in our universe as well. Developed markets were also mainly positive with the S&P 500 Index up +1.2%, though the Nikkei… Continue Reading

Moscow Exchange happy with its 2016 record

By Andrei Skvarsky. Moscow Exchange, the company managing Russia’s main securities, money and precious metals exchange, has expressed satisfaction with its own corporate performance last year and with the volumes of trade it hosted in 2016. Continue Reading

Asia Frontier Capital (AFC) – March 2017 Newsletter

March 2017 was generally a mixed month for world markets with some markets giving back part of their gains from earlier this year, including the Dow Jones Index (−0.7%), the Nikkei 225 (−1.1%), and the Shanghai Composite Index (−0.6%). In contrast, other markets continued ahead, such as the Euro Stoxx 50 Index which rose by… Continue Reading

Ukraine central bank asks police to shield sanctioned Russian-controlled banks from riots

By Andrei Skvarsky. The Ukrainian central bank has urged the police to make nationalist rioters stop forcibly disrupting the business of Ukrainian outlets of Russian state-controlled banks that have had sanctions imposed on them by Kiev for alleged support for Ukraine’s Moscow-backed separatist industrial east, and to prevent them from vandalising the lenders’ offices. Continue Reading

Apartment rents in Dubai, Abu Dhabi keep going down – Bayut

By Andrei Skvarsky. Last year’s decline in apartment rents in Dubai and Abu Dhabi has overall continued into 2017, though there were minor rises in January and February, according to Dubai-based real estate portal and private company Bayut.com, which argues that the real estate markets in both cities are by and large doing well. Continue Reading

Asia Frontier Capital (AFC) – February 2017 Newsletter

“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor – patience, discipline, and risk aversion – may well be genetically determined.” – Seth Andrew Klarman is an American value investor, hedge fund manager, philanthropist, in the hedge fund manager hall of fame, and founder of… Continue Reading

China finance minister says govt debt risks under control

By Andrei Skvarsky. China’s finance minister has put the total debt ratio of the country’s central and local governments at 36.7 per cent, arguing that this level is not high and will not change much by the end of 2017, that government debt risks are controllable, and that the government still has room for borrowing. Continue Reading