Main takeaways from our visits to Moscow and St Petersburg Russia remains at the top of the world’s low cost producers of oil (est. cost $4/barrel) and gas thanks to the decline in Ruble and revenue in US $. Given the massive devaluation of the Ruble, Russia is...
The FMG Rising 3 Fund registered a strong performance for Q2 of 2016. With the major sell off in Emerging Markets behind us, the market was on fire, particularly those which have a high market beta nature such as Russia. Market sentiment definitely changed in April...
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 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...
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...
Bloomberg: You can count Jefferies Chief Market Strategist David Zervos among the investors who thinks this emerging market rally has legs. A cautious Fed, a rebound in oil prices, strong inflows, and country-specific factors like Brazil’s seeming move to stamp...
