New fact sheets equity funds
In the first quarter of the year, the TCM Global Frontier High Dividend Equity Fund gained 5.70%, outperforming the index which rose 4.88% over the same period. The holdings in Vietnam and Pakistan contributed most to the positive result, but Kazakhstan also stood out.
The fund has positions in the Kazakh fintech company Kaspi and Halyk Savings Bank. The stocks rose with 13.3% and 25.48% respectively in Q1 when measured in euro. Kaspi recently reported excellent results with net profit growth of 43% in 2020, with this growth mainly coming from its digital payments and e-commerce.
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