bullish

AFC Uzbekistan Fund July 2023 Update

220 Views03 Aug 2023 07:24
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SUMMARY
  • July saw most of the fund’s portfolio companies complete their filing of annual 2022 results, as well as results for the second quarter of 2023.
  • In short, earnings continue to impress! While we are seeing multiple compression as share prices remain relatively flat, this gives us the opportunity to continue deploying capital into Uzbekistan’s blue-chip companies at attractive prices, in anticipation of the next phase of the re-rating.
  • The July 2023 fund NAV fell to an estimated USD 1,831.2 (-0.8%) or +83.1% since inception on 29th March 2019.
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