For the second quarter in a row, we saw a wide spread in performance across the MENA markets. In Tunisia, stocks remained upbeat (+22%), followed by Saudi (+12%) while Oman was down 14%. The MENA region bucked the global market trend for the second quarter in a row,...
After the stellar run in the first quarter, the sentiment turned sour and the selling was relentless across most sectors. The index is now back to the lowest levels seen over the past decade, however, the fund continued to add alpha by staying concentrated and focused...
Despite the weakness seen in the stock market, we are witnessing the benefits of strong policy measures implemented in previous quarters like demonetization and the goods and service tax with the fastest growing major economy in the world. GDP growth is an amazing...
The developed market managers were essentially flat performance wise during the quarter. The emerging market part is where the losses came from with weakness in China and India. Developed markets accounted for 50% of the portfolio at quarter-end while emerging...
Chinese equities suffered from a mix of events during the second quarter that has resulted in downward pressure and market weakness. In June alone, we saw the currency (RMB) depreciate by almost 4% vs the US dollar and the market lost 8% during this month alone....
