Manager Comments Q2 2020 – Asia Frontier Fund

The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares increased by 4.2% in April 2020 with a NAV of USD 1,062.41. The fund underperformed the AFC Frontier Asia Adjusted Index (+17.9%), the MSCI Frontier Markets Asia Net Total Return USD Index (+13.1%), the MSCI...

Manager Comments Q1 2020 – Asia Frontier Fund

The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares decreased by −3.9% in January 2020 with a NAV of USD 1,223.47. The fund underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (−3.3%), the AFC Frontier Asia Adjusted Index (+0.3%), the MSCI...

Manager Comment Q4 2019 – Asia Frontier Fund

The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares increased by +0.9% in December 2019 with a NAV of USD 1,273.43. The fund outperformed the MSCI Frontier Markets Asia Net Total Return USD Index (-3.2%) but underperformed the AFC Frontier Asia Adjusted Index...

Manager Comment September 2019 – Asia Frontier Fund

The AFC Asia Frontier Fund (Non-US) (AAFF) USD A-shares decreased by −2.1% in September 2019 with a NAV of USD 1,260.35. The fund underperformed the AFC Frontier Asia Adjusted Index (+5.9%), the MSCI Frontier Markets Asia Net Total Return USD Index (+0.7%), the MSCI...

Manager Comment July 2019 – Asia Frontier Fund

The  Asia Frontier Fund  USD A-shares declined −0.1% in July 2019 with a NAV of 1,307.85. The fund outperformed the AFC Frontier Asia Adjusted Index (−1.4%) but underperformed the MSCI Frontier Markets Asia Net Total Return USD Index (+2.9%), the MSCI Frontier Markets...

Manager Comment June 2019 – Asia Frontier Fund

The Asia Frontier Fund USD A-shares declined −0.4% in June 2019 with a NAV of 1,309.34. The fund outperformed the AFC Frontier Asia Adjusted Index (−9.3%) while performance was similar to the MSCI Frontier Markets Asia Net Total Return USD Index (−0.4%), however the...