Despite the immense volatility faced by banking systems in the U.S. and Europe, Asian frontier markets were relatively unscathed, with the AFC Asia Frontier Fund, AFC Iraq Fund, and AFC Vietnam Fund reporting positive returns for March.
This month’s performance continues to reflect the significant diversification benefits that Asian frontier markets offer investors during times of unsettling global events.
Furthermore, the banks in Asian frontier countries are not directly impacted by the banking sector stress which the U.S. and Europe faced in March since the banks in our universe predominantly focus on their domestic economies and run balance sheets geared towards traditional deposit and lending products.
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