In the 4th quarter the market lost some of the momentum we had in the summer months. Despite that, the Fund had a very good year compared to the Shanghai Composite, ending in slightly positive territory compared to a 18% loss for the entire market. Despite most of...
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,...
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...
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...
The China A Share market’s activity in the 1st quarter of 2016 can be encapsulated in the first two weeks of trading, with the market falling 25% and only bouncing back slightly throughout the remainder of Q1. The Fund slightly under-performed the Shanghai Composite,...
Looking back at the past two decades, we can pick and choose numerous economic crises or market crashes that have re-shaped the global financial sector and fund industry to what it is today, ranging from the Asia FX crisis, the LTCM debacle, the dotcom bubble, the...
