AFC Uzbekistan Fund January 2021 Update Dear Investors and Friends,
The broad upward trajectory of the equities market continued in January, on the back of 2020 GDP growth of 1.6%. We have noticed increasing activities across the larger “Blue-Chip” companies in recent weeks as the trend of new buyer interest continues to grow. Nonetheless, equity prices still remain very attractive and during the month the fund was active in deploying capital into several names, acquiring multi