In a year that was generally considered tough, frontier
market funds came to the fore and demonstrated their ability to
generate strong performance.
AFC’s Asia Frontier Fund was up 3.7% in
December, taking 2016 returns to a healthy 22.5%- as against
the MSCI Frontier Markets Asia Index rise of 10.5%.
For the year as a whole, Asian frontier economies did
relatively well against the rest of the world. Amongst the
fund’s larger markets, Bangladesh, Pakistan and
Vietnam prospered both...