Frontier Markets: Articles of the Week (9th Sept – 15th Sept)
Compilation of Frontier Market related articles across the web from 9th September 2019 to 15th September 2019.
Emerging Market Funds Build Up Record Exposure To Vietnam
One-in-five emerging market equity managers now own stocks in Vietnam as funds flock to the “biggest winner” of the US-China trade war. According to Copley Fund Research, 19.7% of Emerging Market equity funds now hold Vietnamese stocks, triple the amount seen in early 2014.
Savills Publishes List Of Large Factories Moved From China To Vietnam
Numerous large companies – including have relocated their facilities from China to Vietnam in a bid to avoid any negative impacts resulting from the US-China trade war, benefit from increasing FDI and putting their businesses in great positions within new free trade agreements.
Kazakhstan Raises Interest Rates To 9.25%
In a bid to suppress inflationary pressures (and annual inflation increasing from 5.4% to 5.5% between July and August), the Kazakhstan Central Bank opted to increase its key interest rate from 9% to 9.25% earlier in the week. The next review date is scheduled for 28th October 2019.
Tundra Frontier Africa Receives Morningstar 5-Star Rating Over 3 Years
The Tundra Frontier Africa Fund is now among the 10% best performing Africa funds globally after it was awarded a 5-star rating on a 3-year horizon by Morningstar.
Barclays Kenya Posts Highest Growth In Profitability Among Listed Banks
Barclays Bank of Kenya is currently the best performing banking sector share in the last 3 months having gained around 6%. The bank enjoyed excellent performance in the first half of 2019 after posting a 19% growth in profit before tax, the highest growth in profits among the banks listed on the stock exchange.
Webinar – Frontier Markets: Accessing Growth While Limiting Risk
Register to join author, journalist and New Market Media’s Gavin Serkin and East Capital’s Portfolio Advisor Emre Akcakmak’s Webinar “Frontier Markets: Accessing Growth While Limiting Risk” on Wednesday 25th September 2019 at 10am (BST).
Kuwait’s Investment In Egypt Hits $4.7bn
Economic and trade relations between Egypt and Kuwait are the most vital areas of bilateral cooperation between the two countries as both nations seek to increase initiatives to boost investments. Kuwaiti investments in Egypt has amounted to $4.7bn with over 1,300 companies across various industries such as finance, tourism and agriculture.
Mercedes, BMW In Talks To Open Assembling Plants In Bangladesh
Car producers BMW and Mercedes-Benz have held several rounds of talks with Bangladeshi government officials and representatives in a bid to set up assembling plants in Bangladesh, providing a “new kind of FDI (Foreign Direct Investment) for the country”.
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