The record of Nigeria’s Buhari has left Tundra Fonder, with a 5-star rating from Morningstar, with Nigerian exposure of just 3%, vs. 8% for Egypt, & 3% for Kazakhstan, with a population less than 10% of Nigeria. By whitehouse789.
Nigerian President Muhammadu Buhari on 3 October 2019. REUTERS/Siphiwe Sibeko
When Swedish frontier markets investor Tundra Fonder started up in 2011, Nigeria was intended to provide the fund’s largest African exposure. The record of President Muhammadu Buhari has left the fund, which has a five-star rating from Morningstar, with, 6% for Sri Lanka, where the economy has collapsed, and 3% for Kazakhstan, which has a population of less than 10% of Nigeria.. With the same policy framework, Nigeria would have exceeded Egypt in the portfolio, fund partner Mathias Althoff tells. Buhari has “scared off foreign investors,” he says. “We’re very disappointed in Nigeria.