New fact sheets equity funds
In the fourth quarter of 2020, the TCM Global Frontier High Dividend Equity Fund returned 9.87%, outperforming both the benchmark index (6.62%) and the FM100 ETF (6.95%). We can look back on an eventful year; during the corona crisis in March, the fund corrected by more than 25%, but the drawdown was less severe than with the FM100 ETF, which even lost more than 30%.
Since then, a steady recovery has started, with a large part of the losses being recouped. In the end, the fund closed the year with a total return of -5.21%, thereby controlling the loss more than the index (-6.84%) and the FM100 ETF (-11.28%).
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