It was a solid quarter for Mongolian assets with the key numbers pointing the right direction. Commodities continued to strengthen, especially the price of coal and gold, which are two of Mongolia´s main income earners. The Tugrik oscillated strongly but managed to...
The Iraq Stock Exchange began the quarter on a very sour note, due to the general shortage of liquidity in the country and a continued selling pressure from local and foreign investors. However, the recovery in oil prices in 2016 is significant for Iraqi stocks as...
It has been two years since Narendra Modi came to power and has been leading the Indian Government to solve bottleneck issues that can propel the country’s economy forward. The second quarter proved to be one of the busiest periods for the Indian parliament as they...
The Fund gained 1.2% for the 2nd quarter, in line with the benchmark MSCI World. The quarter was characterized by a rally in EM which and a selloff in developed markets, with the Eurostoxx 50 ending 4% down for the month. For much of the quarter much of the sentiment...
During the past quarter, the Fund significantly benefited from a Capital Gains rebate, which helped us crush the Shanghai Composite Index, which returned -1.6% for the quarter. During the second quarter much attention was given to the MSCI’s decision as to whether or...
