New fact sheets equity funds
During the month of May, the TCM Africa High Dividend Equity Fund was up 2.2%, while the benchmark index fell -0.3%. In Nigeria (-4.5%), Kenya (-0.9%) and Egypt (-0.10%) the market went down, but in Morocco the stock market index increased by 2.9%.
The biggest riser in the portfolio this month was Calbank PLC. The Ghanaian share increased 28.5% in value, Safaricom (+10.2%) in Kenya and Integrated Diagnostics (+8.3%) in Egypt also rose strongly.
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