The first quarter of the year was generally favourable to Russian market supported by high and stable oil prices which ranged from US $ 60 to US $ 65 per barrel. However, the market growth continued only for two months and after that, in March, the market experienced...
The Fund posted a loss of less than 1% during the quarter. It was huge discrepancies between the Fund’s various holdings from down almost 5 to up over 11 %. India saw profit taking during the quarter after a strong 2017. In China, we have two allocations, one to the...
It was a mixed bag of performance during the quarter where Russia made gains, Indian equities gave back some of the strong gains from last year and China saw a moderate increase. India’s GDP growth forecasted at 7.4% for fiscal 2019 with the latest reading on consumer...
After taking the spot of the world’s best-performing stock market in the world in 2017, the MSE Top 20 index has been consolidating the gains. The majority of the MSE blue chips stocks traded lower with bell weather APU losing 8%. However, coal miners had a great...
The peripheral markets of Tunisia (+30%) and Jordan (+11%) were the best performings in the region in a quarter where MENA markets substantially outperformed world markets. This had little impact on the MENA fund’s performance as these markets are relatively small and...
