FMG (EU) India Fund gained +19.0% in the 1st Quarter of 2017 After a disappointing 2016, India was by far the best market for the first three months of this year. When India delivered a very gutsy statement in November of 2016 by voiding the 500 and 1000 INR (Indian...
FMG (EU) Combo Fund +5.0% in the 1st Quarter of 2017 The FMG Combo Fund had yet another strong quarter on the back of a continued, sustained rally in equity markets. Our overweight position in Emerging Markets was once again vindicated as they outperformed Developed...
FMG (EU) China Fund +3.1% in the 1st Quarter of 2017 After a disappointing 2016, when the market lost mid-teens, Chinese A share stocks have started its path to recovery with mid-single digit gains during the first three months. Economic data for February points to a...
FMG (EU) Africa Fund gained +0.4% in the 1st Quarter 2017 African markets were all over the place at the start of the year, but closed the quarter mostly flat. Kenya was down a massive 13% at one point, and Egypt up 19% but both closed the quarter flat. We added...
Quarterly Manager Commentary Q1 2017 Dear Friends, We are happy to note that Emerging Markets have once again been at the forefront of the equity market rally, following a very strong 2016. Most of our Funds ended up with positive returns and we remain very...
