Asia Frontier Capital (AFC) Newsletter – 2014 Annual Review

2014 was a strong year for the AFC Asia Frontier Fund (AAFF) as a young team came together to establish a platform for future growth. This was not only reflected in the fund’s performance, but also in our focus on making on-the-ground visits to countries, meeting more companies, talking to people in our markets, and tracking developments in our investment universe on a pro-active basis. Strong fund performance comes from the right stock selection, but that would not be possible without the aforementioned points. Good performance during the year also saw an increase in our assets under management and we are committed to give our best for investors going forward. Continue reading

Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia

Reflecting on 2014, Mongolia has come far, yet still has further to go. Early in the year many structural issues loomed large. This included the moratorium on the issuance of exploration licenses, development of large scale power projects and the railroad gauge debate, all of which were recently successfully resolved. In light of these productive developments, and a change in government, we see 2014 having been a turning point from the bottom which will result in renewed economic growth going forward. The majority of this growth is projected to come from the resource, power and infrastructure sectors. Continue reading

Dramatic rate hike to take Russian economy closer to “collapse” – economists

By Andrei Skvarsky.

The Russian central bank’s raise of the key rate to 17% from 10.5% on December 16 comes as early and stark proof of a forecast last week by Philip Uglow, chief economist at Deutsche Boerse research firm MNI Indicators, who said the regulator would further tighten its monetary policy but argued this would do more harm than good to Russia’s deeply ailing economy. Continue reading

Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia

An encouraging month for Mongolia, November saw significant progress on the political front. After our letter to shareholders discussing the change of leadership, with Prime Minister Chimed Saikhanbileg replacing Mr. Norovyn Altankhuyag, a coalition between the incumbent Democratic Party (DP) and opposition Mongolia People’s Party (MPP) was formed. Further, on Friday, December 5th Prime Minister Saikhanbileg proposed 19 new Ministers for 15 Ministries, thus setting the stage for a potentially prolonged period of political and economic stability.

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