Jun 28, 2013 ... bes t performing holdings (SEK) were Netsol Technology (+18%),. Ha bib Bank (
+13%) and Pa kistan State Oil (+9%). The worst performing ...
Monthly Report June 2013
Summary
Tundra Frontier Opportunities Fund vs benchmark 115 110 105
100 95 02-apr
09-apr
16-apr
23-apr
30-apr
07-maj
14-maj
Tundra
Performance
21-maj
28-maj
04-jun
11-jun
18-jun
MSCI FM xGCC
Portfolio data 1 mo nt h
YTD 1 ye a r
St a rt
The fund
-4,4%
n.a.
n.a.
7,0%
Active risk (Tracking error)*
MSCI FM xGCC net
-5,7%
n.a.
n.a.
2,1%
Standard deviation *
n.a. 12,9%
Beta * 28 June 2013 NAV (SEK):
0,75
* Since launch April 2nd 2013
106,99
Tundra Frontier Opp - 10 largest holdings
Manager's comment
6,0% 4,0%
Thal
United Bank
OGDC
Searle
Kazmunaigas Exploration
Coca-Cola Hell
John Keells Holding
Bank Al Falah
0,0%
East African Brewers
2,0%
Nigerian Breweries
25-jun
Sector allocation
The fund fell4.4% (SEK) in June compared to MSCI FM xGCC net whi ch fell 5.7%. The emerging market concern eventually hit frontier ma rkets. The sell-off was i nitiated in some of the bigger frontier compa nies (East Afri ca Breweries, Nigerian Breweries, Ni gerian banks a nd John Keells). The fi rst s ellers were most likely emerging market funds but were later followed by broader flows from dedicated fronti er market funds. A pa rtial stabilization took place towards the end of the month as emerging ma rkets bounced a ggressively. The bes t performing holdings (SEK) were Netsol Technology (+18%), Ha bib Bank (+13%) and Pa kistan State Oil (+9%). The worst performing holdings were Guaranty GDR (-24%), Masan Group (-19%) a nd Engro Crop (17%). The largest country exposures were Pakistan (36%) fol lowed by Ni geria (18%) a nd Sri La nka (9%).
Facts Launch date
Cash 18% Materials 7%
Financials 22%
Daily
Management fee (ann) Telecom 4%
2,50% 7 of 7 (read KIID for more info)
Manager Benchmark index
Tundra Fonder AB MSCI FM xGCC IMI Net (SEK)
Bank account
Consumer Disc. 3%
0% Industrials 4% Energy 9%
100
Pricing Risk level
Healthcare 3%
2013-04-02
Launch price
ISIN code Consumer staples 30%
SE0004211308
PPM no For more information on how to purchase units in the fund contact Tundra Fonder at +46 8 551 145 70 or at
[email protected]
More information about our funds is available in the full prospectus or the KIID for each and respective fund. Contact us if you want us to send these documents to you.
SEB 5851-10 783 55 861229
