The FMG Rising 3 Fund registered a satisfactory performance for Q1 of 2016 given the volatility of moves we had in the markets during that period. January proved to be a horrible start to the year with most Emerging Markets entering bear market territory. All markets...
Going into 2016 the Fund was cautiously positioned with an elevated cash buffer of 45%, as our universe was looking bleak and we were getting bearish signals from our technical models. This move played out well as we managed to cushion the downside as global stock...
The MSE Top 20 index lost 14% in the quarter in local currency, and on top of this the Mongolian Tugrik depreciated by 3%. Local stocks traded lower throughout the quarter, despite the fact that assets globally were sharply rebounding from the January lows, especially...
After a massive rally at the end of last year, the ISX turned sour and nosedived in tandem with oil prices and global stock market. Within the RSISX index almost no stock was spared during the quarter, with blue chips Kurdistan International Bank down -25%, Asiacell...
With the SENSEX down 2%, the Fund under-performed slightly given the intense pressure engulfing Emerging Markets over the past three months. Despite showing resilience, Indian markets still fell in single digit numbers. One of the reasons of this resilience is that...
