The peripheral markets of Tunisia (+30%) and Jordan (+11%) were the best performings in the region in a quarter where MENA markets substantially outperformed world markets. This had little impact on the MENA fund’s performance as these markets are relatively small and...
In the 4th quarter oil prices rallied by around 20% but almost all stock markets in the oil exporting nations around the world failed to track this performance. On the contrary, in the MENA region, the oil importers were the best performers with Jordan gaining 6%...
FMG (EU) MENA Fund gained +2.6% in the 3rd Quarter of 2017 It was a relatively weak quarter for the MENA markets, underperforming emerging and frontier markets by a wide range. The broad MENA indices were basically flat throughout the month despite the price of Brent...
FMG (EU) MENA Fund gained 4.1% in the 2nd Quarter of 2017 Despite the price of Brent being in deep negative territory in 2017, the MENA markets have proven resilient. In fact, our technical models still confirm a bullish trend. The only sizeable stock market in the...
In the 4th quarter it was all about Saudi and Egypt. In the years with lower oil prices Saudi has been forced to adapt to the lower oil price regime which has severely hurt economic performance. In the years following the collapse of oil prices in 2014, the Saudi...
Karl Tonna, CIO at FMG Group discusses how the Middle East fits within the broader investment universe, and why he remains bullish on the Middle East...
