Category Archives: News

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

Asia Frontier Capital Newsletter – Country Snapshot: Sri Lanka

Asia Frontier Capital Newsletter – Country Snapshot: Sri Lanka

“The stock market is a device for transferring wealth from the impatient to the patient” – Warren Buffet In September 2015, the AFC Asia Frontier Fund returned -1.4%, outperforming the MSCI Frontier Markets Asia Index (-7.5%), the MSCI World Index (-3.9%), and the MSCI Frontier Index (-2.6%), which all dropped significantly. The year to date… Continue Reading

Asia Frontier Capital Newsletter – Country Snapshot: Mongolia

In August 2015, the AFC Asia Frontier Fund lost -1.4%, outperforming the MSCI Frontier Asia Index (-8.1%), the MSCI World Index (-6.8%) and the MSCI Frontier Index (-5.8%), which all dropped significantly. The year to date performance of the AFC Asia Frontier Fund A-shares stands now at +0.7% versus the MSCI Frontier Asia Index which is down… Continue Reading

Asia Frontier Capital Newsletter – Country Snapshot: Iran

Asia Frontier Capital Newsletter – Country Snapshot: Iran

In July 2015, the AFC Asia Frontier Fund gained +1.1%, underperforming the MSCI Frontier Asia Index (+4.3%) and the MSCI World Index (+1.7%) and outperforming the MSCI Frontier Index (-3.1%). The year to date performance of the AFC Asia Frontier Fund A-shares stands now at +2.1% versus the MSCI Frontier Asia Index which is up… Continue Reading