Big Tree Capital a privately held investment firm focused on Emerging & Frontier Markets. We pursue both active and index opportunities in these markets. Active - we are a long-term fundamental value investor in Emerging and Frontier Markets. We hold a concentrated portfolio of great businesses that generally have recurring revenue, a "moat" (this is the most important thing), high returns on capital and growth. We are value investors. We like to buy great businesses when they are reasonably priced relative to their long-term value. We love to buy them when they are cheap. Index - we are focused on creating indexes & ETFs that provide investors with "better" exposure to the growth of Emerging & Frontier Markets.