FMG (EU) Rising 3 Fund gained +6.2% in the 1st Quarter

The Rising 3 markets did well doing the quarter with the big winner being China whereas Russia was more in line with emerging markets in general and India a bit weaker given its important May election. In China, Investors were duly rewarded during the quarter after a...

FMG (EU) MENA Fund gained +8.5% in the 1st Quarter

The MENA region continued to perform strongly lead higher by index heavyweight Saudi Arabia (+13%). The net oil exporting countries showed the strongest performance for the quarter on the back of a strong rebound in the price of Brent (+27%) while peripheral markets...

FMG Iraq Fund lost 14.7% in the 1st Quarter

In the first quarter the Iraqi market, as measured by the Rabee Index, decreased by a whopping 14%. The drop was even more jaw-dropping, considering that world, emerging and frontier indices all gained 10-14% and that the price of Brent rallied 24% over the same...

FMG (EU) India Opportunity Fund gained +3.3% in the 1st Quarter

India posted strong outperformance in March as foreign investors invested over USD 5 bn into Indian equities, the largest monthly buying since early 2017, resulting in the rupee strengthening 2%. Expectations for a potentially stable government changed it all after...

FMG (EU) China Fund gained +19.3% in the 1st Quarter

Investors were duly rewarded during the quarter after a sluggish 2018.  As investors returned from their Chinese New Year holiday in February, the A-share market’s momentum accelerated and the market was up 15.0% for the month, the largest gain in four years since the...