FMG Iraq Fund gained 1% in the 4th Quarter, and 3% for 2020

In the fourth quarter the Iraqi market, as measured by the Rabee Index, decreased by 5% which was in sharp contrast to the broad-based global rally. We were not too happy witnessing the disparity, but ones again it proves that the ISX remains one of the few...

FMG (EU) MENA Fund gained 7% in the 4th Quarter, and lost 7% for 2020

Not many would have predicted that the MENA markets would finish the year largely flat, knowing that the price of oil would stay below USD 40 a barrel for most of the year. Markets were supported by the currency pegs with the USD which have reduced funding rates and...

FMG (EU) Rising 3 Fund gained 15% in the 4th Quarter, and 4% for 2020

Russia:  After a nine month dreadful equity streak for 2020, Russian equities came alive in the fourth quarter and the market posted a gain of 20% to help reduce the year’s loss to a low teen number.  Retail investors in Russia have opened a wave of new equity trading...