Aberdeen Frontier Markets : AFMC (formerly Advance Frontier Markets : AFMF) aims to generate long-term capital growth primarily from investment in equity and equity-related securities of companies listed in, or operating in, frontier markets. Frontier market countries are developing countries that don’t qualify for inclusion in emerging market indices. Permitted countries may include constituents of the MSCI Frontier Markets Index or additional countries that the investment manager deems to be, or displays similar characteristics to, frontier market countries. It used to invest via funds but now invests directly.
We have written notes that explain how the fund works:
You can access the manager’s website here