QuotedData Retail - Aberdeen Frontier Markets (AFMC) Incentivised to perform

Report

QuotedData Retail

James Carthew

Incentivised to perform

Mark Gordon-James, manager of Aberdeen Frontier Markets (AFMC), has made a material personal investment in the trust, and therefore has shared in the pain experienced by AFMC’s shareholders as the fund has underperformed a falling benchmark index. He is, however, convinced of the fundamental attractions of the stocks in AFMC’s portfolio and believes that these will, in time, be reflected in AFMC’s NAV returns.

29/11/2018 12 EN

Underlying

Aberdeen Frontier Markets

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United Kingdom

Provider

QuotedData Retail

QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.

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Analysts

James Carthew

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Significant latent value?

Aberdeen Frontier Markets (AFMC)’s manager has been re-positioning the portfolio by reducing exposure to Sub-Saharan Africa, adding companies in new markets and re-introducing the momentum factor. There is a now a greater tilt to the Asia Pacific region, where Vietnam accounts for over a quarter of the portfolio. AFMC holds a concentrated selection of companies that offer the prospect of double-digit earnings growth paired with inexpensive valuations (the weighted average current year P/E ratio of portfolio companies is 10.0x).

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Significant latent value?

Aberdeen Frontier Markets (AFMC)’s manager has been re-positioning the portfolio by reducing exposure to Sub-Saharan Africa, adding companies in new markets and looking capture more of the momentum in markets. There is a now a greater tilt to the Asia Pacific region, where Vietnam accounts for over a quarter of the portfolio. AFMC holds a concentrated selection of companies that offer the prospect of double-digit earnings growth paired with inexpensive valuations (the weighted average current year price/earnings (P/E) ratio of portfolio companies is 10.0x). AFMC exhibits a low correlation with...

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Incentivised to perform

Mark Gordon-James, manager of Aberdeen Frontier Markets (AFMC), has made a material personal investment in the trust, and therefore has shared in the pain experienced by AFMC’s shareholders as the fund has underperformed a falling benchmark. He is, however, convinced of the fundamental attractions of the stocks in AFMC’s portfolio and believes that these will, in time, be reflected in AFMC’s NAV returns.

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Incentivised to perform

Significant latent value?

Significant latent value?

Incentivised to perform

GCP Infrastructure – Consolidate and capitalise

Pantheon Infrastructure – Powering up

Seraphim Space Investment Trust – Entering orbit

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