Core Insights - The AFC Asia Frontier Fund has achieved a new all-time high NAV for the second consecutive year, indicating strong performance in the frontier markets [1] - The fund focuses on high growth Asian frontier economies, aiming for long-term capital appreciation through investments in public equities [1] Fund Overview - Asia Frontier Capital Ltd. manages several funds including the AFC Asia Frontier Fund, AFC Iraq Fund, AFC Uzbekistan Fund, and AFC Vietnam Fund, targeting high growth potential in frontier markets [1] - The AFC Asia Frontier Fund invests in countries such as Bangladesh, Bhutan, Cambodia, and others, benefiting from favorable demographic trends and rising incomes [1] - The AFC Iraq Fund, launched on June 26, 2015, aims to capture growth in the post-conflict Iraqi market, focusing on locally listed companies and those with significant operations in Iraq [1] - The AFC Vietnam Fund exclusively invests in Vietnamese equities, particularly in small to medium-sized companies, to capitalize on growth opportunities [1] - The AFC Uzbekistan Fund focuses solely on listed equities from Uzbekistan, aiming to leverage the growth potential in that market [1] Management Team - The AFC Iraq Fund is managed by Asia Frontier Capital (Iraq) Limited, led by Thomas Hugger (CEO & Fund Manager) and Ahmed Tabaqchali (CIO), who collectively have over 47 years of investment experience [1]