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:

Equity Funds – these are funds that have a large majority of investments in stocks and equities in Frontier Markets.
Fixed Interest Funds – these are funds that invest primarily in debt instruments in Frontier Markets.
Mixed Allocation Funds – these are funds that combine both equity and fixed interest in a way that neither is overly dominant in the portfolio.
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%

Frontier Market News

News & Analysis on Frontier Markets

List of Frontier Market Funds

List of Frontier Market Funds

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