This post is shorter than normal as I also send out another Emerging Market Stock Picks post (covering the first half of June 2026) after this; but this post gets caught up on some late April fund updates (our continuously updated post containing all funds is here) plus some for May that have already dropped along with new research.
🗄️ Fund documents / updates; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🇼 Wikipedia page; 🔬 Research analysis (including articles/blog posts from fund managers, etc.); 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📝 Transcript; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Linked archived article; ⏰ Upcoming webinar or event.
📈 Contributors; 📉 Detractors; 🏧 Transactions; 🚩Discusses/mentions stocks by name.
Disclaimer: We usually use Deepseek to summarize or extract stock names and assign performance emojis. Like all AI, Deepseek is not perfect and regularly adjusts their model which can lead to mistakes/misunderstandings/misinterpretations of the data its given. Your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content.
🌏 New Asia Fund Documents & Research
- Asia Frontier Capital has the following updates:
- 🗄️🌏AFC Asia Frontier Fund’s monthly newsletter (detailed economic and portfolio) is from the end of May (AFC Uzbekistan Fund Reports Another Strong Month – May 2026 Update) discussed the stock market rebound in Pakistan, worker remittances from the Middle East, Oman, a Sri Lanka visit, etc. There were positive performances for Pakistan, Uzbekistan, Mongolia and Bangladesh. Negative contributors to performance were Kazakhstan, Sri Lanka and Oman. Named or unnamed performers/transactions (that can be guessed) discussed or mentioned:
- 📈🇲🇳 Leather producer in Mongolia
- 📈🇵🇬 Lime & cement producer in Papua New Guinea
- 📈🇵🇰 Pakistani mobile phone assembler
- 📈🌏 Mobile phone operator in Asian frontier countries
- 📈🇵🇰 Pakistani conglomerate
- 🏧🇲🇳 Existing positions in Mongolia
- 🗄️🇮🇶 AFC Iraq Fund’s April newsletter (economic and portfolio) covered a night visit to Baghdad’s “Al-Mutanabbi Street” and again discussed the sizable dividends announced by two banks and how this contributed to the market index’s decline due to the nature of it’s market value-weighted calculation. Stocks mentioned or discussed:
- 🇮🇶 Mansour Bank (BMNS)
- 🇮🇶 National Bank of Iraq (BNOI)
- 🇮🇶 Bank of Baghdad (BBOB)
- 🇮🇶 Asiacell Communications (TASC)
- 🇮🇶 Baghdad Soft Drinks (IBSD)
- 🗄️🇺🇿 AFC Uzbekistan Fund’s May newsletter discussed the the Uzbekistan National Investment Fund (UzNIF) IPO in London and the AFC Uzbekistan Tour 2026 (from Sunday 20th September to Monday 21st September 2026)
- 📈🏧🇺🇿 Uzbekistan National Investment Fund (UzNIF) (LSE: UZNF) – Various local portfolio assets.
- 🗄️🇻🇳 AFC Vietnam Fund’s May newsletter discussed market/economic developments, why the Vietnam Stock Market has yet to fully reflect earnings growth and gave portfolio updates. Stocks discussed or mentioned:
- 🇻🇳 Vingroup JSC (HOSE: VIC) – Diversified conglomerate: Industrials & technology, real estate & services, & social enterprises. 🇼
- 🇻🇳 Vinhomes JSC (HOSE: VHM) – Residential housing arm of private conglomerate Vingroup. 🇼
- 🇻🇳 Vincom Retail JSC (HOSE: VRE) – Retail real estate developer. Commercial centers/malls + residential & office properties for lease & for sale. 🇼
- 🇻🇳 Minh Phu Seafood Corp (HNX: MPC) – Shrimp farming & processing.
- 🇻🇳 Sai Gon Ha Noi Commercial Joint Stock Bank (HOSE: SHB) – Banking services.
- 🇻🇳 Agriculture Bank Insurance JSC (HNX: ABI) – Insurance.
- 🇻🇳 Lam Dong Mineral and Building Material JSC (HOSE: LBM) – Precasted concrete, tuynel brick, construction stone, refractory material, kaolin & Bentonite.
- 🇻🇳 Phu Tai Corporation (HOSE: PTB) – Manufacture & trade of stone & wood products.
- 🗄️🌏AFC Asia Frontier Fund’s monthly newsletter (detailed economic and portfolio) is from the end of May (AFC Uzbekistan Fund Reports Another Strong Month – May 2026 Update) discussed the stock market rebound in Pakistan, worker remittances from the Middle East, Oman, a Sri Lanka visit, etc. There were positive performances for Pakistan, Uzbekistan, Mongolia and Bangladesh. Negative contributors to performance were Kazakhstan, Sri Lanka and Oman. Named or unnamed performers/transactions (that can be guessed) discussed or mentioned:
To read more, please visit this article on Substack
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