FMG Iraq Fund lost 12.3% in the 3rd Quarter

The Iraq Stock Exchange (ISX) had a tough quarter with the market moving lower with low volatility and on paltry volumes. But there the negative ends. All the rest is looking good. Iraq´s economy is improving, the country is mostly rid of terrorism and a new and good...

FMG (EU) India Opportunity Fund lost 6.2% in the 3rd Quarter

The price of oil has increased 23% this year while the Indian currency, the rupee, has lost 14%. The combined effect has hit the economy hard. India’s monthly goods and service tax (GST) collections have been a bit below the budgeted expectations and have left little...

FMG (EU) Combo Fund lost 2.6% in the 3rd Quarter

Emerging markets equities continued to suffer under pressure during the quarter.  There have been tough trade talks that took another step in the ‘wrong direction’ for investors, as the White House threatened another US$ 200 billions of sanctions on goods from China...

FMG (EU) China Fund lost 7.5% in the 3rd Quarter

The quarter ended roughly for China during the last week of September, a further escalation of the trade conflict between China and the US, which resulted in the third imposed 10% tariff on US$ 200 billion worth of Chinese goods took effect. Like any trade war, the...