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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: 23rd June 2020)

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

 

-18.97%

-13.01%

-8.35%

AFC
Asia Frontier Fund

KYG0132A1013

30/03/2012

Asia
Frontier Capital Ltd

Thomas Hugger;
Ruchir Desai

-15.88%

-14.94%

-3.91%

Allan Gray Africa Frontier
Markets Equity Fund

BMG0179R1088

30/04/2017

Allan
Gray Investment Management

 

-13.08%

 

 

Ashmore
Emerging Markets Frontier Equity Fund

US0448207367

04/11/2013

Ashmore
Investment Advisors Ltd

Andrew
Brudenell

-17.31%

-6.16%

-0.23%

Base
Investments SICAV – Emerging and Frontier Markets Equity

LU1100163440

04/12/2014

Edmond
de Rothschild Asset Management Luxembourg SA

Federico
Parenti

-11.82%

-0.66%

-0.07%

BMO
LGM Frontier Markets Fund

IE00B4RLKV41

28/11/2011

LGM
Investments Ltd

Thomas
Vester Nielsen; Dafydd Lewis

-26.45%

-13.32%

-6.68%

BNP
Paribas Funds Frontiers Equity

LU1104111890

29/07/2016

BNP
Paribas Asset Management Luxembourg SA

David
Brenninkmeyer; Quang Nguyen

-20.00%

-2.88%

 

Caravan
Frontier Markets Opportunities Fund

US34984Y6665

14/11/2017

Caravan
Capital Management LLC

 

-30.35%

 

 

COELI
Frontier Markets Fund

LU1028962204

28/02/2014

MDO
Management Co SA/Luxembourg

Hans-Henrik
Skov; James Bannan

-25.58%

-11.39%

-3.19%

Coronation
Africa Frontiers Fund

IE00B578MG16

14/10/2008

Coronation
Asset Management Pty Ltd

Peter
Leger

-20.29%

-5.66%

-7.48%

Danske
Invest SICAV-SIF – Emerging and Frontier Markets SMID

LU0861987385

02/01/2013

Danske
Invest Management Co SA/Luxembourg

Antti
Raappana

-15.73%

-5.91%

-1.45%

East
Capital Global Frontier Markets

LU1831154213

29/03/2019

East
Capital Asset Management SA

 

-10.96%

 

 

East
Capital Global Frontier Markets Fund

LU1125674538

12/12/2014

East
Capital Asset Management SA

Lars
Peter Elam Hakansson

-11.96%

-3.35%

-1.22%

Eaton
Vance Emerging and Frontier Countries Equity Fund

US27826A7899

03/11/2014

Eaton
Vance Management

Eric A
Stein; Michael A Cirami

-12.44%

-2.97%

-0.29%

eQ Frontier Osake

FI4000035845

19/12/2011

eQ
Rahastoyhtio Oy

 

-16.75%

-8.22%

-2.94%

Eurizon
Fund – Equity Emerging Markets New Frontiers

LU0719365545

23/04/2012

Daiwa
Asset Management Co Ltd

Luigi
Antonaci

-10.26%

-3.30%

-1.56%

Evli
Emerging Frontier Fund

FI4000066915

08/10/2013

Evli
Fund Management Co Ltd

 

-5.59%

-6.11%

0.48%

Fidelity Frontier
Emerging Markets Fund

CA3159142676

19/01/1994

Fidelity
Investments Canada ULC

Adam J
Kutas

-20.17%

-8.83%

-5.81%

FIM Frontier Fund

FI4000066733

30/08/2013

FIM Asset
Management Ltd/Finland

Kuldar
Rahuorg; Heikki Ollikainen

-21.32%

-7.50%

-4.58%

Fisher
Investments Institutional Frontier Markets Equity Fund

IE00BRK97Y83

06/09/2017

Fisher
Investments Institutional Funds plc/Ireland

Kenneth
Fisher

-0.03%

 

 

Galaxy Fund
– Frontier Markets Equity Fund

LU0300877122

31/07/2007

Morgan
Stanley Asset Management SA

Steven
Quattry

-9.84%

-6.89%

-2.64%

Harding
Loevner Frontier Emerging Markets Portfolio

US4122958675

27/05/2008

Harding
Loevner Funds Inc

Pradipta
Chakrabortty; Babatunde Ojo

-18.98%

-4.54%

-3.71%

HSBC
Global Investment Funds – Frontier Markets

LU0666199749

30/11/2011

HSBC
Investment Funds Luxembourg SA/Luxembourg

Ramzi
Sidani; Jennifer Passmoor

-19.01%

-6.76%

-2.29%

Infond Frontier

SI0021401433

16/07/2011

SAVA
INFOND Druzba za Upravljanje DOO

Uros Vek

-17.68%

-7.54%

-3.83%

L&G
Frontier Markets Equity Fund

IE00BD6FX440

 

LGIM
Managers Europe Ltd

 

-13.67%

 

 

MSIF
Frontier Markets Portfolio

US61760X8368

27/08/2008

Morgan
Stanley Investment Management Inc

Steven
Quattry; Omair Ansari

-7.80%

-4.69%

-1.87%

Oaks
Emerging and Frontier Opportunities Fund

IE00B95L3899

25/09/2013

Fiera
Capital UK Ltd

Sergej
Leon Shkolnikov; Stefan Bottcher

-20.44%

-9.61%

0.65%

Polunin
Discovery Funds – Frontier Markets Fund II

LU1859550797

14/09/2018

Polunin
Capital Partners Ltd

 

-19.56%

 

 

Sanlam
African Frontier Markets Fund

IE00B3K66W22

18/01/2013

Sanlam
Asset Management Ireland Ltd/Ireland

Peter
Townshend; Addington Jerahuni

-21.95%

-9.12%

-7.62%

Schroder
ISF Frontier Markets Equity

LU0562313402

15/12/2010

Schroder
Investment Management Europe SA

Rami
Sidani; Thomas Wilson

-16.97%

-6.50%

-2.37%

Silk
– African and Frontier Markets Fund

LU1893618667

24/05/2019

Ipconcept
Luxemburg SA

Zin
Bekkali

-23.17%

 

 

Silk
Invest New Horizons Frontier Fund

US90470L7174

25/05/2016

Silk
Invest Ltd

Hifza
Zia; Zin Bekkali

-16.97%

-10.70%

 

Somerset Frontier
Markets Fund

IE00BFMFD755

01/06/2018

Somerset
Captial Management

George
Birch Richardson

-25.99%

 

 

T
Rowe Price Funds SICAV  -Frontier
Markets Equity Fund

LU1079763535

24/06/2014

T Rowe
Price Luxembourg Management Sarl

Oliver
Bell

-17.67%

-7.29%

-1.80%

TCM Global Frontier
High Dividend Equity

NL0010278073

15/11/2012

TRUSTUS
Capital Management BV

Marco
Balk; Wytze Riemersma

-12.70%

-4.63%

-2.45%

Templeton
Frontier Markets Fund

LU0390137031

14/10/2008

Franklin
Templeton International Services Sarl

Bassel
Khatoun; Ahmed Awny; David Haglund

-20.57%

-10.34%

-4.32%

Tundra Frontier
Africa Fund

SE0005188091

20/05/2013

Tundra
Fonder AB

Mathias
Althoff

-23.22%

-3.54%

-8.88%

Tundra Sustainable
Frontier Fund

SE0004211282

02/04/2013

Tundra
Fonder AB

Mattias
Martinsson

-5.72%

-3.46%

1.74%

Wasatch
Frontier Emerging Small Countries Fund

US9367938191

31/01/2012

Wasatch
Advisors Inc

Scott
Thomas

-0.71%

1.22%

-1.20%

 

 

 

 

 

 

 

 

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

 

-0.63%

3.44%

5.85%

Aktia
Emerging Market Local Currency Frontier Bond+

FI4000185475

07/12/2015

Aktia

Jetro
Siekkinen; Timo Leinonen

2.54%

2.04%

 

American
Beacon Frontier Markets Income Fund

US0245257193

25/02/2014

American
Beacon Advisors Inc

Lars
Peter Nielsen; Christian Mejrup

-0.18%

3.41%

4.88%

Global Evolution Funds – Emerging
Frontier

LU0914716807

28/06/2013

Global
Evolution Manco SA

Morten
Bugge

1.08%

4.06%

5.86%

Global Evolution Funds – Frontier
Markets

LU0501220262

15/12/2010

Global Evolution
Manco SA

Morten
Bugge

-3.08%

-0.12%

2.52%

Global
Evolution Funds – Frontier Opportunities

LU1405032076

21/06/2017

Global
Evolution Manco SA

Morten
Bugge; Christian Mejrup

-2.23%

0.63%

 

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

GG00BGGM2W70

06/12/2018

Ninety
One UK Ltd

Antoon
De Klerk

3.27%

 

 

NN
L Frontier Markets Debt Hard Currency

LU0990547431

10/12/2013

NN
Investment Partners BV

Leo Hu

-3.31%

2.77%

4.77%

Nomura
Frontier Markets Bond Fund

TW000T32F3C3

18/07/2018

Nomura
Asset Management Taiwan Ltd

 

-7.88%

 

 

UI
– Aktia EM Frontier Bond+

LU1669793827

16/11/2017

Universal-Investment-Luxembourg
SA/Luxembourg

 

2.40%

 

 

 

 

 

 

 

 

 

 

Frontier
Market Mixed Allocation Funds

 

 

 

 

 

 

 

Fund
Name

ISIN

Inception
(dd/mm/yy)

Management
Company

Manager(s)

1yr
Return

3yr
Return

5yr
Return

Coronation
Global Frontiers Fund

KYG2444C1069

01/11/2014

Coronation
Fund Managers Ltd

Peter
Leger

-11.33%

-2.64%

-0.56%

GMM
Emerging Markets and New Frontiers Market Equity

CYF000000069

10/10/2013

GMM
Global Money Managers Ltd

 

-18.25%

-5.12%

-6.74%

KMG
SICAV-SIF – Global Frontier Markets Fund

LU0574465950

08/04/2011

Valais
Investment Management Sarl

 

-24.63%

-10.98%

-9.19%

Magna New
Frontiers Fund

IE00BFTW8Z27

17/09/2014

Fiera
Capital IOM Ltd

Sergej
Leon Shkolnikov; Stefan Bottcher

-20.21%

-8.03%

2.34%

 

 

 

 

 

 

 

 

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

 

-23.37%

 

 

 

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