Mekong Fund +6.5% in December (+10.1% for 2016)

Asian Markets were mixed in December, with the Thai SET Index finishing on a strong note +1.8% (FY +20.5%),  and FTSE ASEAN +1.0% (FY +3.5%), but the Hang Seng Index -3.5% (FY +0.4%), Hang Seng China Enterprises Index -4.5% (FY -2.8%), and MSCI Asia ex Japan Index...

HEDGENORDIC – Iraq stocks poised for a rebound as ISIS loses grip

HEDGENORDIC December 2016 – The old saying that you should invest when there is ”blood on the streets” could not be more telling than in the case of Iraq. The Iraq equity market has suffered under the extreme tensions linked to ISIS and has fallen by 55 percent...

FMG (EU) Africa Fund lost 6.1% in the 3rd Quarter

During the third quarter most African markets joined the global equity market rally. African currencies were also broadly stronger with the exception of the Nigerian Naira, which weakened by 12%. The top performing markets were Egypt +22%, Morocco +8% and Mauritius...

FMG Iraq Fund lost 2.5% in the 3rd Quarter

After the market reached a multi-year low during the summer we saw a period of stability and a bottom pattern form during the third quarter. Local stocks generally traded sideways while the offshore-listed Iraqi oil and gas companies traded slightly lower. Iraqi bonds...