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

GUEST COMMENT: Russian credit decoupling, geopolitics

By Luis Saenz,* Head, Equity Sales & Trading, Managing Director, BCS Financial Group, Russia. In the last few months we have seen a decoupling of Russian credit from the Ruble. We find this intriguing since currency and credit in Russia has moved in lockstep for quite a while. Not a huge surprise since the underlying… 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

Sberbank, Sakhalin govt sign deal on online fish sales

By Andrei Skvarsky. Sberbank, Russia’s biggest lender, and the government of the country’s Sakhalin island have signed a deal to set up a fish exchange for declared purposes such as replacement of nearly all fish imports in the Russian market with Russian-caught fish. Continue Reading