FMG Iraq Fund lost 1.9% in the 3rd Quarter of 2017 A frontier market like Iraq typically shows low correlation to global market moves, but we did not anticipate the index to lose 8% while the price of Brent rocketed 20%. Foreigners were mainly net sellers in the...
FMG (EU) India Opportunity Fund gained +2.9% in the 3rd Quarter of 2017 India has been among the best-performing markets globally with stocks up over 20% so far in 2017, helped by a weakening USD, modest inflation, historically attractive interest rates and a stable...
FMG (EU) Combo Fund gained +5.1% in the 3rd Quarter of 2017 The FMG (EU) Combo Fund had yet another strong quarter given the favourable macro picture for global equities. Emerging Markets remain slightly overweight at 49%, continuing to benefit the fund. Strong GDP...
FMG (EU) China Fund gained +6.4% in the 3nd Quarter of 2017 It was a strong quarter for Chinese equities despite a flat month of September. Some macro factors towards the end of the quarter signalled slightly higher inflation (+1.8%) and a seasonal slowdown in...
The Vietnam Fund returned +1.1% in September with a NAV of USD 1,840.73, bringing the net return since inception to +84.1%. This represents an annualised return of +17.6% p.a. The September performance of the Ho Chi Minh City VN Index in USD was +2.8% while the Hanoi...
