Outlook Frontier Markets 2024 and fact sheets December

Over the past three years, the economies of the Frontier Markets have faced significant challenges. First, there was the impact of the coronavirus pandemic and subsequent lockdowns. These countries lacked the extensive monetary and fiscal support measures deployed in the West. 

The war in Ukraine then caused a wave of inflation, resulting in a sharp rise in food prices. This particularly affected consumption and investment in low-wage countries. In countries like Nigeria, Egypt, Sri Lanka, and Pakistan, inflation soared above 25%, and several countries within the investment universe experienced their biggest crisis in twenty years.

Yet Positive Returns
Despite these challenges, the Frontier Markets Index achieved a positive return of 9.4% over the last three years. The TCM Global Frontier High Dividend Fund performed even better with a total return of 11.3%. This reflects the resilience of these emerging countries. Despite current problems in many countries, investors seem to be increasingly recognizing their future potential. In 2023, the fund rose by 7.5%, and the expectation is that this positive trend will continue in 2024, driven by reforms, higher economic growth, and historically low valuations.

Outlook Frontier Markets 2024
Click here to read the complete outlook for 2024
 

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