Caravan Capital Launches Emerging Market Strategy: Sub-advises Fund With Cliff Quisenberry at Helm
Caravan Capital Management, a boutique manager specializing in emerging markets and frontier market strategies, announces the launch of the Caravan Emerging Markets Strategy, which seeks to exploit inefficiencies within emerging markets for longer-term capital appreciation.
In addition, Caravan will sub-advise the Frontier Caravan Emerging Markets Fund (FCEMX, FCESX) advised by Frontegra Asset Management. The Fund, structured as a 1940 Act regulated investment company, will mirror Caravan's Emerging Markets Strategy. Caravan's CEO and CIO, Cliff Quisenberry, previously served as the director of research and as chief strategist of emerging markets for Parametric Portfolio Associates from 1995 until 2007. During his tenure at Parametric, he managed and helped develop that firm's emerging markets capabilities.
"While US equities have dominated in the last ten years, we are now seeing compelling valuations in emerging markets relative to the S&P 500 that we believe are unsustainable," said Quisenberry. "Country-specific behavior often dominates in emerging markets, so we've developed a proprietary and dynamic value-driven process at the country level to capture the opportunities of these markets in a more balanced and diversified way than the cap-weighted indices."
"Cliff and his team's fundamental, proprietary approach to country selection, combined with their forward-looking lens in their markets, makes Caravan a compelling option in the institutional marketplace," said Bill Forsyth, Frontier Funds President. "We look forward to working with experienced professionals like Cliff and his team to provide a high-quality emerging markets equity strategy in a fund that is priced very competitively and has daily valuation and liquidity."
The strategy and Fund's benchmark will be the MSCI Emerging Markets Index. The Fund offers Institutional and Service Class shares with minimum investments of $100,000 and $10,000, respectively.
About Caravan Capital Management, LLC
Caravan Capital is an independent investment management firm specializing in the frontier and emerging equity markets. The firm's investment approach is value-driven and utilizes both top-down and bottom-up analysis to assess the unique opportunities and risks present in early-stage equity markets. The Caravan Team has more than 50 years of combined experience in the frontier and emerging markets.
For more information about Caravan, please visit: www.caravancapitalmanagementllc.com.
About Frontier Funds
The Frontier Funds, Inc. are distributed by Frontegra Strategies, LLC, an affiliate of Frontier Funds, Inc., and managed by Frontegra Asset Management, Inc.
Frontegra Strategies, LLC is located at 400 Skokie Boulevard, Suite 500, Northbrook, Illinois 60062, and can be contacted by calling (847) 509-9860. Frontegra Strategies, LLC is a member of the Financial Industry Regulatory Authority, Inc. and SIPC. www.finra.org.
For more information about the Frontier Funds, please visit http://frontiermutualfunds.com.
No one should assume that future performance of any specific investment, investment strategy, product, or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.
Carefully consider the Fund's investment objectives, risk, and charges and expenses. This and other information can be found in the Fund's prospectus which can be obtained by visiting http://frontiermutualfunds.com or by calling 888-825-2100. Please read the prospectus carefully before investing.
Important Risk Information
The principal risks of investing in the Frontier Caravan Emerging Markets Fund include: market risk, common stock risk, emerging markets risk, foreign securities risk, China industry risk, currency risk, depositary receipts risk, management risk, sector weightings risk, concentration risk, stock selection risk, large capitalization risk, small and medium capitalization companies risk, new fund risk, frontier markets risk, preferred stock risk, cash and cash equivalents risk, liquidity risk, and cybersecurity risk. More detailed information regarding these risks can be found in the Fund's prospectus.
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