New fact sheets equity funds
In January the TCM Africa High Dividend Equity Fund was up 6.1%, while the benchmark index rose 3.4%, a positive start of the year. In Kenya the increase was only 0.6%, but in Nigeria 11.6%, Egypt 9% and Morocco 3.9%. The biggest riser was Obour Land For Food, this Egyptian share managed to gain 28.7%.
The increase was mainly fuelled by positive 4th quarter figures. Reported net profit increased 30% year-on-year, mainly due to improved operating margins and strong performance in the growing milk and cheese segments.
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