Performance across the African market was negative across the board, exacerbated by weakening currencies. Tunisia was the worst performing market down -14% but all eyes were on Nigeria that plunged -13%. Following a prolonged period of uncertainty, the Central Bank of...
Investor Sentiments Strengthens in Africa The All-Share Index tracks the general market movement of all listed equities on the Exchange, including those listed on the Alternative Securities Market (ASeM), regardless of capitalization. 2015-12-31 to 2016-06-06, data...
Update – FMG China Fund FMG (EU) China Fund B ISIN MT0000077512, 2014-12-19 to 2016-04-29, data source: Bloomberg. We are pleased to report an outstanding performance in the FMG China Fund, which registered a YTD* gain of +3.4%, significantly outperforming the...
In short, we believe that we have seen the worst in Iraq. Much has improved, but not yet translated into higher share prices. So we believe that stocks are at/near the bottom and set for a recovery that will hopefully last a number of years. In detail:Iraq was hit by...
Russia is Moving Up! Russian Federation First Mercantile Fund BMG3474A1190, MSCI Russia Index and MSCI EM Index 2015-12-31 to 2016-04-22, data source: Bloomberg. After a somber Q4, the Fund rallied 29% in the first 3 months of the year, following what was a pick-up in...
