The FMG Rising 3 Fund had a very good quarter registering a 7.3% gain. The Fund is now up 13.0% for 2016. China once again was the main laggard as equity prices continued trading in a very narrow range whilst the rest of the market rallied. A slight disappointment was...
Most MENA indices ended the quarter in negative territory as the Saudi stock exchange plunged lower. Despite being one of the cheapest places in the world to produce oil, Saudi´s economy is hurting in the low oil price environment. Much has been done to address the...
In the third quarter, Indian markets continued on an upward trajectory, registering a 4.6% gain for the quarter and a 6.1% gain on a YTD basis. The major news for the broader Indian economy during the quarter was the passing of the long-heralded Goods and Savings Tax...
The Fund had a very good quarter on the back of a significant EM rally. Our 60% positioning in Emerging Markets paid off handsomely as it gained 12% during summer. With BREXIT being brushed aside, we have witnessed a strong risk on appetite. Yield hungry investors...
In the 3rd quarter, the Fund remained defensively positioned, with a 25% cash position. Since March, the market continued trading in a very tight range with a low of 2800 and a high of 3125 on the Shanghai Composite, or a 5% upside and downside range. Over the year,...
