FMG (EU) India Opportunity Fund gained 2.5% in the 2nd Quarter of 2017 During the quarter, inflows from domestic investors of $3.1bn outstripped inflows from foreigners of $2.1bn. We are happy to see the enthusiasm by locals for Indian shares and the rising allocation...
FMG (EU) Combo Fund gained 3.5% in the 2nd Quarter of 2017 The FMG Combo Fund registered a strong gain for the 2nd quarter of 2017. We were very bullish going into the year and remain so going into the 2nd half of the year. We have been tilted towards overweighting EM...
FMG (EU) China Fund gained 6.8% in the 2nd Quarter of 2017 A Shares in China gained 2.2% (MSCI China A) during the quarter, but lagged both the Hong Kong shares and emerging markets in general. During the quarter, the regulator introduced tougher measures targeting...
FMG (EU) Africa Fund lost 0.5% in the 2nd Quarter of 2017 Kenya was the top performing market in the second quarter, rallying 18% on the back of telecom giant Safaricom reporting impressive growth numbers. Mauritius gained +17%, boosted by the tier 1 bank MCB rallying...
Quarterly Manager Commentary Q2 2017 Dear Friends, Emerging markets continue to enjoy a strong year. In fact, emerging markets have outperformed the global index every month so far in 2017. Two of the key components benefiting most emerging markets are the weak crude...
