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

GUEST ARTICLE: Is it time for the robot (advisors) to take over?

By Kim Iskyan,* founder of Truewealth Publishing, an independent Asia-focused financial website, and editor of Truewealth Asian Investment Daily, a daily e-letter. Investing can be intimidating, especially when you don’t have much experience. Some people rely on private bankers or stock brokers – who don’t always have their customers’ best interests in mind. Some people… 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