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List of Frontier Market Funds

There are numerous ways to gain exposure to Frontier Markets. Along with exchange traded funds and investment trusts, another method is to invest in funds that focus on these markets.

The funds listed on this page are split into four categories:

  1. Equity Funds – these are funds that have a large majority of investments in stocks and equities in Frontier Markets.
  2. Fixed Interest Funds – these are funds that invest primarily in debt instruments in Frontier Markets.
  3. Mixed Allocation Funds – these are funds that combine both equity and fixed interest in a way that neither is overly dominant in the portfolio.
  4. Other – funds that invest in other instruments that do not fall under the “Equity” or “Fixed Interest” categories. (such as property, futures and other “non-standard” investments).

(last updated: 29th January 2021)

Frontier
Markets Equity Funds

Fund
Name

ISIN

Inception
(dd/mm/yy)

Management
Company

Manager(s)

1yr
Return

3yr
Return

5yr
Return

Aberdeen
Standard SICAV I – Frontier Markets Equity Fund

LU0566482161

02/03/2011

Aberdeen Standard
Investments Luxembourg SA

 

0.82%

-9.26%

-0.60%

AFC
Asia Frontier Fund

KYG0132A1013

30/03/2012

Asia Frontier Capital Ltd

Thomas Hugger; Ruchir Desai

9.40%

-7.76%

-0.77%

Allan Gray
Africa Frontier Markets Equity Fund

BMG0179R1088

30/04/2017

Allan Gray
Investment Management

 

6.20%

 

 

Aristea SICAV New Frontiers Equity Fund

LU1313167980

02/05/2016

Kallisto
Partners

Andrea Federici

6.14%

-6.21%

 

Ashmore
Emerging Markets Frontier Equity Fund

US0448207367

04/11/2013

Ashmore Investment
Advisors Ltd

Andrew Brudenell

-2.62%

-5.83%

6.23%

Base
Investments SICAV – Emerging and Frontier Markets Equity

LU1100163440

04/12/2014

Edmond de Rothschild Asset
Management Luxembourg SA

Federico Parenti

8.44%

2.77%

5.39%

BMO
LGM Frontier Markets Fund

IE00B4RLKV41

28/11/2011

LGM Investments Ltd

Thomas Vester
Nielsen; Dafydd Lewis

-6.64%

-11.33%

0.71%

BNP
Paribas Funds Frontiers Equity

LU1104111890

29/07/2016

BNP Paribas Asset
Management Luxembourg SA

David Brenninkmeyer;
Quang Nguyen

-1.76%

-5.38%

 

COELI
Frontier Markets Fund

LU1028962204

28/02/2014

MDO Management Co
SA/Luxembourg

Hans-Henrik Skov; James Bannan

-7.17%

-6.56%

3.19%

Coronation
Africa Frontiers Fund

IE00B578MG16

14/10/2008

Coronation Asset
Management Pty Ltd

Peter Leger

-7.21%

-5.49%

1.30%

Coronation
Global Frontiers Fund

KYG2444C1069

01/11/2014

Coronation Fund Managers
Ltd

Peter Leger

6.35%

-0.25%

7.55%

Danske
Invest SICAV-SIF – Emerging and Frontier Markets SMID

LU0861987385

02/01/2013

Danske Invest Management
Co SA/Luxembourg

Antti Raappana

4.00%

-1.08%

7.22%

East
Capital Global Frontier Markets

LU1831154213

29/03/2019

East Capital Asset
Management SA

 

-4.18%

 

 

East
Capital Global Frontier Markets Fund

LU1125674538

12/12/2014

East Capital Asset
Management SA

Lars Peter Elam Hakansson

4.38%

-3.31%

7.96%

Eaton
Vance Emerging and Frontier Countries Equity Fund

US27826A7899

03/11/2014

Eaton Vance Management

Eric A Stein; Michael A Cirami

19.64%

0.70%

11.36%

eQ
Frontier Osake

FI4000035845

19/12/2011

eQ Rahastoyhtio Oy

 

-5.42%

-3.43%

4.25%

Eurizon Fund – Equity Emerging Markets New Frontiers

LU0719365545

23/04/2012

Daiwa Asset Management Co
Ltd

Luigi Antonaci

-4.30%

-1.81%

4.78%

Evli Emerging Frontier Fund

FI4000066915

08/10/2013

Evli
Fund Management Co Ltd

 

34.25%

7.44%

10.96%

Fidelity Frontier
Emerging Markets Fund

CA3159142676

19/01/1994

Fidelity Investments
Canada ULC

Adam J Kutas

-4.25%

-9.19%

1.18%

FIM EM Frontier Fund

KYG3430X1043

01/01/2013

FIM Partners

Hedi Ben
Mlouka

14.13%

2.69%

5.29%

FIM Frontier Fund

FI4000066733

30/08/2013

FIM Asset Management
Ltd/Finland

Kuldar
Rahuorg; Heikki Ollikainen

-11.53%

-4.62%

1.53%

Fisher
Investments Institutional Frontier Markets Equity Fund

IE00BRK97Y83

06/09/2017

Fisher Investments
Institutional Funds plc/Ireland

Kenneth Fisher

2.40%

3.93%

 

Galaxy Fund
– Frontier Markets Equity Fund

LU0300877122

31/07/2007

Morgan Stanley Asset
Management SA

Steven Quattry

17.25%

0.51%

5.04%

Harding
Loevner Frontier Emerging Markets Portfolio

US4122958675

27/05/2008

Harding Loevner Funds Inc

Pradipta
Chakrabortty; Babatunde Ojo

0.47%

-5.36%

5.30%

HSBC
Global Investment Funds – Frontier Markets

LU0666199749

30/11/2011

HSBC Investment Funds
Luxembourg SA/Luxembourg

Ramzi
Sidani; Jennifer Passmoor

-1.13%

-4.46%

5.98%

Infond
Frontier

SI0021401433

16/07/2011

SAVA INFOND Druzba za Upravljanje
DOO

Uros Vek

9.60%

-0.18%

6.76%

L&G
Frontier Markets Equity Fund

IE00BD6FX440

 

LGIM Managers Europe Ltd

 

2.93%

 

 

MSIF
Frontier Markets Portfolio

US61760X8368

27/08/2008

Morgan Stanley Investment
Management Inc

Steven Quattry;
Omair Ansari

17.88%

-1.62%

6.78%

Oaks
Emerging and Frontier Opportunities Fund

IE00B95L3899

25/09/2013

Fiera Capital UK Ltd

Sergej
Leon Shkolnikov; Stefan Bottcher

-6.72%

-3.61%

6.57%

Polunin
Discovery Funds – Frontier Markets Fund II

LU1859550797

14/09/2018

Polunin Capital Partners
Ltd

 

18.28%

 

 

Sanlam
African Frontier Markets Fund

IE00B3K66W22

18/01/2013

Sanlam Asset Management
Ireland Ltd/Ireland

Peter Townshend; Addington
Jerahuni

-26.12%

-15.70%

-2.35%

Schroder
ISF Frontier Markets Equity

LU0562313402

15/12/2010

Schroder Investment
Management Europe SA

Rami Sidani;
Thomas Wilson

0.80%

-5.25%

7.14%

Silk
– African and Frontier Markets Fund

LU1893618667

24/05/2019

Ipconcept
Luxemburg SA

Zin Bekkali

2.10%

 

 

Silk
Invest New Horizons Frontier Fund

US90470L7174

25/05/2016

Silk Invest Ltd

Hifza
Zia; Zin Bekkali

13.63%

-4.85%

 

Somerset Frontier
Markets Fund

IE00BFMFD755

01/06/2018

Somerset Captial Management

George Birch Richardson

-1.56%

 

 

T
Rowe Price Funds SICAV  -Frontier
Markets Equity Fund

LU1079763535

24/06/2014

T Rowe Price Luxembourg
Management Sarl

Oliver Bell

0.38%

-5.96%

6.24%

TCM Global Frontier
High Dividend Equity

NL0010278073

15/11/2012

TRUSTUS Capital Management
BV

Marco Balk; Wytze Riemersma

-3.68%

-1.33%

3.44%

Templeton
Frontier Markets Fund

LU0390137031

14/10/2008

Franklin Templeton
International Services Sarl

Bassel
Khatoun; Ahmed Awny;
David Haglund

-8.73%

-5.76%

1.98%

Tundra Sustainable
Frontier Fund

SE0004211282

02/04/2013

Tundra Fonder AB

Mattias
Martinsson

14.08%

2.27%

9.59%

Wasatch Frontier Emerging Small Countries Fund

US9367938191

31/01/2012

Wasatch
Advisors Inc

Scott Thomas

27.30%

7.54%

8.69%

Frontier
Market Fixed Interest Funds

Fund
Name

ISIN

Inception
(dd/mm/yy)

Management
Company

Manager(s)

1yr
Return

3yr
Return

5yr
Return

Aberdeen
Standard SICAV I – Frontier Markets Bond Fund

LU0963865083

25/09/2013

Aberdeen Standard Investments
Luxembourg SA

 

2.36%

4.46%

9.46%

Aktia Emerging Market Local Currency Frontier Bond+

FI4000185475

07/12/2015

Aktia

Jetro
Siekkinen; Timo Leinonen

-2.83%

2.62%

5.04%

American
Beacon Frontier Markets Income Fund

US0245257193

25/02/2014

American Beacon Advisors Inc

Lars Peter Nielsen;
Christian Mejrup

1.66%

3.55%

8.42%

Global Evolution Funds – Emerging
Frontier

LU0914716807

28/06/2013

Global Evolution Manco SA

Morten Bugge

3.07%

3.65%

8.77%

Global Evolution Funds – Frontier
Markets

LU0501220262

15/12/2010

Global Evolution Manco SA

Morten Bugge

0.23%

0.06%

5.20%

Global
Evolution Funds – Frontier Opportunities

LU1405032076

21/06/2017

Global Evolution Manco SA

Morten Bugge;
Christian Mejrup

-0.46%

0.37%

 

Ninety
One PIF PCC Ltd – Emerging and Frontier Markets Total Return Debt Fund

GG00BGGM2W70

06/12/2018

Ninety One UK Ltd

Antoon
De Klerk

6.70%

 

 

NN
L Frontier Markets Debt Hard Currency

LU0990547431

10/12/2013

NN Investment Partners BV

Leo Hu

2.73%

3.75%

9.37%

Nomura
Frontier Markets Bond Fund

TW000T32F3C3

18/07/2018

Nomura Asset Management
Taiwan Ltd

 

-13.22%

 

 

UI
Aktia EM Frontier Bond+

LU1669793827

16/11/2017

Universal-Investment-Luxembourg
SA/Luxembourg

 

-3.39%

2.83%

 

Frontier
Market Mixed Allocation Funds

Fund
Name

ISIN

Inception
(dd/mm/yy)

Management
Company

Manager(s)

1yr
Return

3yr
Return

5yr
Return

GMM
Emerging Markets and New Frontiers Market Equity

CYF000000069

10/10/2013

GMM Global Money Managers
Ltd

 

14.99%

-1.68%

4.78%

Magna New
Frontiers Fund

IE00BFTW8Z27

17/09/2014

Fiera Capital IOM Ltd

Sergej
Leon Shkolnikov; Stefan Bottcher

-6.37%

-1.14%

10.21%

Frontier
Market Property Funds

Fund
Name

ISIN

Inception
(dd/mm/yy)

Management
Company

Manager(s)

1yr
Return

3yr
Return

5yr
Return

UB
EM Frontier Real Assets Fund

FI4000270236

30/05/2018

United Bankers

 

-18.19%

 

 

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