Nov
23
Fund That Beat 91% of Peers Puts Next Big Bet on World’s Poorest
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Holberg fund buys consumer companies in frontier markets
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Fund posts 30% gain over past five years, beating benchmark
Here’s some good news: The world’s poorest consumers will get richer.
It’s a bet that is already enriching a top performing emerging markets fund in Norway.
Betting on a new consumer class in frontier markets such as Kenya, Tanzania and Vietnam, has given the Holberg Rurik a return of 30 percent, in dollars, over the past five years. That’s better than 91 percent of its peers, according to data compiled by Bloomberg…
Fund That Beat 91% of Peers Puts Next Big Bet on World’s Poorest
