Last year, Aberdeen Frontier Markets (AFMC) moved from investing via funds to investing directly. The manager says that the changes to AFMC’s portfolio were substantially complete by the end of June 2017. Page 11 shows how the fund has performed since then. It is clear that AFMC has underperformed the MSCI Frontier Markets Index by some margin and this, in turn, has led to a widening discount. However, AFMC is not and does not want to be a closet index-tracker of the MSCI Frontier Marke
26 Mar 2018
No closet-tracker
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No closet-tracker
- Published:
26 Mar 2018 -
Author:
Ed Marten -
Pages:
16
Last year, Aberdeen Frontier Markets (AFMC) moved from investing via funds to investing directly. The manager says that the changes to AFMC’s portfolio were substantially complete by the end of June 2017. Page 11 shows how the fund has performed since then. It is clear that AFMC has underperformed the MSCI Frontier Markets Index by some margin and this, in turn, has led to a widening discount. However, AFMC is not and does not want to be a closet index-tracker of the MSCI Frontier Marke