New fact sheets equity funds
Global stock markets started positively in the new year, but worries about the corona virus increased in mid-January and sentiment turned negative. The global ACWI Index managed to remain positive with a slightly 0.23% gain, but on balance the Emerging Markets index fell by 3.4%.
Frontier Markets showed a different picture in January, with the benchmark index and fund rising 1.26% and 0.58% respectively. The TCM Global Frontier High Dividend Equity Fund overweight to small and mid-caps, as well as its exposure to smaller Emerging Markets, were the main reasons for the deviation from the benchmark index.
More news about Vietnam, Africa and the Global Frontier fund can be found in the latest fact sheets of the equity funds:
TCM Global Frontier High Dividend Equity
TCM Vietnam High Dividend Equity
TCM Africa High Dividend Equity