Category Archives: News

The Best Market in the World?

By Carl T. Delfeld Vice Chairman, ASEAN Investment Council. This article has been kindly made available to EmergingMarkets.me by Thomas Hugger, CEO and Fund Manager of Asia Frontier Capital Wouldn’t it be great if you could create an ideal market to invest in out of thin air?  Right off the bat you would want growth – lots… Continue Reading

Asia Frontier Capital (AFC) – April 2016 Newsletter

“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.” – Warren Buffett. AFC Funds Performance Summary   World markets started weak this year with a big drop in January and February 2016, and most… Continue Reading

Second Annual Credit Risk Management Forum

Second Annual Credit Risk Management Forum

Banks such as Credit Suisse, Deutsche Bank, UBS and UniCredit and regulators including the European Central Bank and European Risk Management Council will be represented at this event, which will address one of the hottest topics in today’s banking.  The vast number of subjects to be addressed at the 2nd Annual Credit Risk Management Forum include suggestions for new ways of managing credit risk and challenges presented… Continue Reading

Asia Frontier Capital (AFC) – March 2016 Newsletter

“The only way to stay consistently ahead of the game is to adopt a long-term view and, if appropriate, with a strong contrarian spin.” – Marc Mobius.   AFC Funds Performance Summary This past month we have again received several accolades for the outstanding work of our team: Lipper’s Citywire has again listed AFC Asia… Continue Reading

Over 20 countries represented at Moscow Exchange event

By Andrei Skvarsky. Investment professionals from more than 20 countries were among the more than 1,900 participants in an annual conference in Moscow on April 12 that was hosted by Moscow Exchange and had key Russian ministers and the Russian central bank governor among its speakers. Continue Reading

Ernst & Young says Moscow Exchange IOSCO-compliant

By Andrei Skvarsky. Moscow Exchange’s benchmarks for its currency, equity, bond and money market segments have been declared by Ernst & Young to be compliant with the principles of the International Organization of Securities Commissions (IOSCO), an association of securities regulators. Continue Reading

Asia Frontier Capital (AFC) – February 2016 Newsletter

“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham. AFC Asia Frontier Fund (AAFF) USD A-shares lost -0.8% in February 2016. The fund this month underperformed the MSCI Frontier Markets Asia Index (+0.4%) and the MSCI Frontier Markets Index (+3.5%), but outperformed the MSCI World Index (−1.0%).… Continue Reading

India to resume full-scale trade with Iran

By Andrei Skvarsky. India plans to resume full-scale trade with Iran, a British business communications agency said, citing a decision by the Indian government that followed the lifting of international anti-Iranian sanctions. Continue Reading

Iran’s Bank Mellat to reopen Seoul branch

By Andrei Skvarsky. Bank Mellat, Iran’s largest private lender, plans to reopen its branch in Seoul next month after effectively suspending its business in South Korea in 2010 because of Western sanctions against the Islamic Republic, a London-based business communications agency said. Continue Reading

Asia Frontier Capital (AFC) – January 2016 Newsletter

“Consistency is far more important than rare moments of greatness.” – Scott Ginsberg. AFC Asia Frontier Fund (AAFF) USD A-shares lost -3.5% in January 2016. The fund this month outperformed the MSCI Frontier Markets Asia Index (-6.3%), the MSCI Frontier Markets Index (-6.8%), and the MSCI World Index (-6.1%). The performance of the AFC Asia Frontier… Continue Reading

Asia Frontier Capital Newsletter – December 2015

AFC Asia Frontier Fund (AAFF) USD A-shares gained +3.0% in December 2015. This month the fund outperformed the MSCI Frontier Markets Asia Index (+1.5%), the MSCI Frontier Markets Index (-0.3%), and the MSCI World Index (-1.9%). AFC Asia Frontier Fund A-shares ended the year with a performance of +0.8% versus the MSCI Frontier Asia Index… Continue Reading

Carrefour, Kaufland enmeshed in Poland bribery scandal – newspaper

By Andrei Skvarsky. France’s Carrefour and Germany’s Kaufland are among retailers that have found themselves entangled in a corruption scandal in Poland as executives were accused of accepting massive bribes from beverage producers for putting some of their drinks on supermarket shelves, according to a Polish daily. Continue Reading

Asia Frontier Capital Newsletter – November 2015

“Knowledge is Power” – Francis Bacon AFC Asia Frontier Fund (AAFF) USD A-shares declined -3.4% in November 2015. This month the fund outperformed the MSCI Frontier Markets Asia Index (-7.2%) and the MSCI Frontier Markets Index (-4.6%) but underperformed the MSCI World Index (-0.7%). The year to date performance of the AFC Asia Frontier Fund… Continue Reading

Moscow Exchange reports major y-o-y trading volume increases

By Andrei Skvarsky. Trading volumes on Moscow Exchange grew significantly in terms of rubles between November 2014 and November 2015, with the bourse’s money market posting the lowest increase of nearly one fifth and its precious metals trade more than quadrupling, the exchange has said. Continue Reading

Asia Frontier Capital Newsletter – Country Snapshot: Myanmar

AFC Asia Frontier Fund (AAFF) USD A-shares gained +2.1% in October 2015. The fund this month underperformed the MSCI Frontier Asia Index (+3.2%), the MSCI World Index (+7.8%) and the MSCI Frontier Index (+3.6%) after outperforming the same indexes in September. The year to date performance of the AFC Asia Frontier Fund A-shares stands now at… Continue Reading