New fact sheets equity funds
The TCM Global Frontier High Dividend Equity Fund closed the first month of the year with a gain of 0.77%, outperforming the index, which lost 2.09%. The positions in Nigeria, Sri Lanka and Pakistan contributed positively to the result, while the exposure to Vietnam and Kazakhstan weighed on performance this month.
The Nigeria All share index rose more than 12% in January measured in euro and that was the best start in the past 4 years. The higher oil price gives the government budget more room for much-needed investment. Investors mainly focused on the large caps, with the banking index performing best.
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