The fourth quarter continued the strong momentum for emerging market equities with a gain of 4.4%, following yet another strong quarter from Russian equities with a gain of 9%. A-shares in China finished the year strongly as well, with a gain of 7%. For the full year,...
In the 4th quarter the MSE Top 20 Index continued to trend higher, but at the end of the year, most stocks corrected after two quarters of strong returns. The strongest performer in the portfolio was Suu JSC, rallying by +50% on the back of strong growth prospects....
In the 4th quarter oil prices rallied by around 20% but almost all stock markets in the oil exporting nations around the world failed to track this performance. On the contrary, in the MENA region, the oil importers were the best performers with Jordan gaining 6%...
It was a fairly strong quarter for Iraqi equities and the fund outperformed the benchmark as two of our core holdings, Baghdad Soft Drinks and Bank of Baghdad, were the top-performing blue chip stocks. The world’s 3rd largest oil exporter failed to keep pace with the...
2017 was a great year for India. The steady focused prime minister, Mr Modi, and his BJP party hold a strong grip on the political agenda. The key event during the year was the continued fight on anti-corruption as seen from the demonetization campaign he ran and his...
