Dear Friends, The second quarter of 2016 was particularly strong, seeing most equity markets ending in positive territory both for the quarter and on a year to date basis. Risk on appetite definitely increased with the market rout that engulfed equities in January...
The Fund had an extraordinary quarter, beating the benchmark significantly, which returned 2.3% for the quarter. On the 1st of July, the European Council decided to extend the economic sanctions that are currently enforced on Russia for a further six months due to the...
The 2nd quarter was a story of mixed fortunes for the FMG Rising 6 Fund, with asymmetric performance across certain regions which we’ll explain below. Overall, the general feeling of the market was very strong and we saw a recovery in most of the higher beta names...
The FMG Rising 3 Fund registered a strong performance for Q2 of 2016. With the major sell off in Emerging Markets behind us, the market was on fire, particularly those which have a high market beta nature such as Russia. Market sentiment definitely changed in April...
Frontier market ended the quarter on a mixed note with those in Asia showing solid gains while African and Eastern European markets closed in the red. The best performing markets were Pakistan (+13%) and Vietnam (+11%). The worst performing markets were Ghana (-19%),...
