Aberdeen Frontier Markets Investment Company Limited


Fund objective

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 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.


Morningstar rating:
1 out of 5

A UK closed-end fund, offering diversified access to up-and-coming emerging markets.

Daily prices as of {{asOfDate}}

{{item.label}} {{item.value}} {{item.unit}}

Key people

Mar Gordon James

Mark Gordon- James

Senior Investment Manager

Mark Gordon-James is a Senior Investment Manager on the Global Emerging Markets Equity Team. Mark joined Aberdeen in 2004 from Merrill Lynch Investment Managers where he worked with the emerging markets team. Mark graduated with a BSc in Geography and Economics from the London School of Economics. Mark is a CFA Charterholder..

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

Joanne Irvine

Joanne Irvine

Head of Emerging Markets Ex. Asia

Joanne Irvine is Head of Emerging Markets (ex-Asia), on the Global Emerging Markets Equity Team in London. Joanne joined Aberdeen in 1996 in a group development role, and moved to the Global Emerging Markets Equity Team in 1997. Prior to Aberdeen, Joanne was with Rutherford Manson Dowds (subsequently acquired by Deloitte), specializing in raising private equity and bank funding for private companies. Joanne has a BA in Accounting from Caledonian University and qualified as a Chartered Accountant with Hardie Caldwell LLP in Glasgow, Scotland.

Devan Kaloo

Devan Kaloo

Head of Equities

Devan Kaloo is Global Head of Equities and Head of Global Emerging Markets Equities for Aberdeen. Devan joined Aberdeen in 2000 as part of the Asian equities team in Singapore, before later transferring to London where he took up the position of Head of Global Emerging Markets Equities in 2005. In 2015 he was promoted to Global Head of Equities and joined Aberdeen’s Group management board. Devan started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams. Devan graduated with an MA (Hons) in International Relations and Management from the University of St Andrews and has a postgraduate diploma in Investment Analysis from the University of Stirling.

Gabriel Sacks

Gabriel Sacks

Investment Director

Gabriel Sacks is an Investment Manager on the Global Emerging Markets Equity Team. Gabriel joined Aberdeen in 2008. Gabriel graduated with a MA (Hons) in Land Economy from Selwyn College, Cambridge University and is a CFA Charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

  • Mark Gordon- James

    Senior Investment Manager

    Mark Gordon-James is a Senior Investment Manager on the Global Emerging Markets Equity Team. Mark joined Aberdeen in 2004 from Merrill Lynch Investment Managers where he worked with the emerging markets team. Mark graduated with a BSc in Geography and Economics from the London School of Economics. Mark is a CFA Charterholder..

    CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

  • Joanne Irvine

    Head of Emerging Markets Ex. Asia

    Joanne Irvine is Head of Emerging Markets (ex-Asia), on the Global Emerging Markets Equity Team in London. Joanne joined Aberdeen in 1996 in a group development role, and moved to the Global Emerging Markets Equity Team in 1997. Prior to Aberdeen, Joanne was with Rutherford Manson Dowds (subsequently acquired by Deloitte), specializing in raising private equity and bank funding for private companies. Joanne has a BA in Accounting from Caledonian University and qualified as a Chartered Accountant with Hardie Caldwell LLP in Glasgow, Scotland.

  • Devan Kaloo

    Head of Equities

    Devan Kaloo is Global Head of Equities and Head of Global Emerging Markets Equities for Aberdeen. Devan joined Aberdeen in 2000 as part of the Asian equities team in Singapore, before later transferring to London where he took up the position of Head of Global Emerging Markets Equities in 2005. In 2015 he was promoted to Global Head of Equities and joined Aberdeen’s Group management board. Devan started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams. Devan graduated with an MA (Hons) in International Relations and Management from the University of St Andrews and has a postgraduate diploma in Investment Analysis from the University of Stirling.

  • Gabriel Sacks

    Investment Director

    Gabriel Sacks is an Investment Manager on the Global Emerging Markets Equity Team. Gabriel joined Aberdeen in 2008. Gabriel graduated with a MA (Hons) in Land Economy from Selwyn College, Cambridge University and is a CFA Charterholder.

    CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

John Whittle

John Whittle

Chairman

Mr Whittle is a Chartered Accountant and was Finance Director of Close Fund Services where he successfully initiated a restructuring of client financial reporting services and was a key member of the business transition team. He was at Price Waterhouse in London before embarking on a career in business services, predominantly in telecoms. He co-led the business turnaround of Talkland International (now Vodafone Retail). He is a non-executive director of International Public Partnerships Limited, Aurora Russia Limited, India Capital Growth Fund and a number of other companies.
Lynne Duquemin

Lynne Duquemin

Non-Executive Director

Mrs Duquemin is a member of the CFA Society of the UK and holds the ASIP qualification, she is also a member of the CFA Institute, Fellow of the Chartered Institute for Securities and Investment and Chartered Wealth Manager. She has over 29 years of investment experience across the City of London and Guernsey and has extensive knowledge of investment management and advisory services. Lynne has recently completed the IOD Company Direction Programme passing both the Certificate and Diploma examinations. Lynne is a director of Asset Risk Consultants which provides investment consulting, manager research and performance reporting to private clients, charities, family offices, professional trustees and their trusted advisers. In her spare time Lynne sits as a volunteer on the Guernsey Child, Youth & Community Tribunal.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

David Warr

David Warr

Chairman of Audit Committee

David Warr is a non- executive director of the Company. David is a Fellow of the Institute of Chartered Accountants in England and Wales having qualified as a Chartered Accountant in 1976. In 1981 David was appointed a partner in Reads & Co, a Guernsey based firm of chartered accountants which he helped develop into a more broadly based financial services business leading up to its sale at the end of 1998. David’s experience at Reads & Co included audit, trust and company administration. He now acts as a non-executive director on a number of UK listed companies and combines those responsibilities with charitable work most notably as Vice-Chairman of the Guernsey Community Foundation LBG and the Chairman of the Ray Lowe Sporting Foundation. David is a resident of Guernsey.
  • John Whittle

    Chairman

    Mr Whittle is a Chartered Accountant and was Finance Director of Close Fund Services where he successfully initiated a restructuring of client financial reporting services and was a key member of the business transition team. He was at Price Waterhouse in London before embarking on a career in business services, predominantly in telecoms. He co-led the business turnaround of Talkland International (now Vodafone Retail). He is a non-executive director of International Public Partnerships Limited, Aurora Russia Limited, India Capital Growth Fund and a number of other companies.
  • Lynne Duquemin

    Non-Executive Director

    Mrs Duquemin is a member of the CFA Society of the UK and holds the ASIP qualification, she is also a member of the CFA Institute, Fellow of the Chartered Institute for Securities and Investment and Chartered Wealth Manager. She has over 29 years of investment experience across the City of London and Guernsey and has extensive knowledge of investment management and advisory services. Lynne has recently completed the IOD Company Direction Programme passing both the Certificate and Diploma examinations. Lynne is a director of Asset Risk Consultants which provides investment consulting, manager research and performance reporting to private clients, charities, family offices, professional trustees and their trusted advisers. In her spare time Lynne sits as a volunteer on the Guernsey Child, Youth & Community Tribunal.

    CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

  • David Warr

    Chairman of Audit Committee

    David Warr is a non- executive director of the Company. David is a Fellow of the Institute of Chartered Accountants in England and Wales having qualified as a Chartered Accountant in 1976. In 1981 David was appointed a partner in Reads & Co, a Guernsey based firm of chartered accountants which he helped develop into a more broadly based financial services business leading up to its sale at the end of 1998. David’s experience at Reads & Co included audit, trust and company administration. He now acts as a non-executive director on a number of UK listed companies and combines those responsibilities with charitable work most notably as Vice-Chairman of the Guernsey Community Foundation LBG and the Chairman of the Ray Lowe Sporting Foundation. David is a resident of Guernsey.

Financial calendar

Year End 30 June
Accounts Published September
Annual General Meeting December
Dividend Paid July, December

Trust details

Aberdeen Frontier Markets Investment Company Limited

Registered Office:
11 New Street,
St Peter Port
Guernsey GY1 2PF

Registered in Guernsey as an Investment Company Number 46809

Launch Date: June 2007

AIM Rule 26

This document carries the information required by AIM Rule 26 or links to pages where it appears for Aberdeen Frontier Markets Investment Company Limited (‘AFMC’ or the ‘Company’).

Click here to visit AIM Rule 26 page

Risk Warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
Read the detailed risk warning 
Investor warning: Please be aware of scams that can affect investors. Read the full investor risk warning