Russian Federation First Mercantile Fund gained +18.7% in the 3rd Quarter of 2017 Despite all existing challenges, the Russian economy is recovering after two years of recession. The effective policy of Russian authority, higher oil prices, easier financial conditions...
FMG Rising 6 Fund gained +5.2% in the 3rd Quarter of 2017 The FMG Rising 6 Fund had a good quarter. Emerging Market equities maintained good momentum driven by a favourable macro picture like strong economic growth, benign inflation along with low interest rates and...
FMG (EU) Rising 3 Fund gained +8.1% in the 3rd Quarter of 2017 It was a strong quarter for the Fund, helped by the recovery in the Russian stock market, as the Russian economy is recovering after two years of recession. It is expected that the economy will grow a...
FMG Mongolia Fund gained +45.6% in the 3rd Quarter of 2017 This was THE quarter for Mongolia. Hard commodities remained bullish and the Mongolia Stock Exchange was on fire. The rally which started in July was initially led by the two heavyweights TTL and APU, but they...
FMG (EU) MENA Fund gained +2.6% in the 3rd Quarter of 2017 It was a relatively weak quarter for the MENA markets, underperforming emerging and frontier markets by a wide range. The broad MENA indices were basically flat throughout the month despite the price of Brent...
