THE WORLD’S LEADING ENERGY REGION
%
of World Oil
Countries
Stock Markets
Market Cap (tn USD)
FMG (EU) MENA FUND
MENA AT A GLANCE
The MENA region, defined as Middle East and North Africa, accounts for more than 60% and 40% of the world’s proven oil and gas reserves respectively. With increasing demand for energy globally, much of the world’s future energy needs will come from this region. The proven oil reserves within the MENA region is the world’s largest.
• Oil supplies consist mainly of the cheap to refine light sweet grade
• Healthy demographic conditions
• Political and economic reforms gradually being introduced
• 15 under-researched and growing stock markets
• Clean sovereign balance sheets
• Reasonable forward valuations and generous dividend yields
FUND DESCRIPTION
The FMG (EU) MENA Fund offers access to the world´s leading energy region, with a particular focus on the Gulf Cooperation Council (GCC). The fund utilizes a multi-manager approach, providing diversification both geographically and among industry sectors. The investment objective is to achieve long term capital appreciation from underlying portfolios of listed equity. The fund applies a multi-manager approach utilizing our extensive network of experienced investment managers in the Middle East and abroad.
Managers are selected based on their proven expertise in managing MENA equity portfolios. The fund is actively managed, with FMG applying both a top-down macro and a long-term quantitative model to determine allocations, including cash levels. FMG considers risk management an integral element of the portfolio management process. The opportunistic nature of the fund targets investors with a higher risk-reward return profile.
MOST RECENT POST
FMG (EU) MENA Fund lost 3.1% in the 3rd Quarter, whereas Year to Date performance is +4.8%
The MENA region had a tough quarter as heavy weight Saudi Arabia (-8%) dragged markets lover. The only market that were spared were peripheral MENA markets who typically are less correlated to price movements in the GCC. Oman and Egypt gained 7% each while Morocco...
ASSET ALLOCATION
- Saudi Arabia 36%
- UAE 24%
- Kuwait 14%
- Egypt 10%
- Cash 9%
- Morocco 2%
- Others 1%
- Tunisia 1%
- Bahrain 1%
- Qatar 1%
FUND PARTICULARS
Investment Profile
Investment Focus
Investment Objective
Investment Horizon
Risk Level (1-7)
Management
Fund Structure
Fund Type
Inception
Base Currency
Currency Classes
Minimal Init. Investment
Emerging Markets
Middle East & North Africa
Listed Equities
3-5 Years
5
Multi Managed
SICAV
AIF
2006
USD
USD, EUR, GBP
Class: A&L €10,000, B €100,000
or lower when dealt via »»
Dealing
Prenotice (Buy)
Prenotice (Sell)
Cut-off Time
Load Fee
Annual Management Fee
Performance Fee
Income Distribution
Domicile
Regulator
Custodian
Administrator
Audit
Weekly
1 Business Day
5 Business Days
5:00PM CET
Up to 5%
Class A&L: 2%, B: 1.5%
Class A&L: 20%, B: 10% HWM
Accumulation
Malta
Malta Financial Services Authority (MFSA)
REYL & Cie (Malta) Ltd
Apex Fund Services (Malta) Ltd
Deloitte Audit Ltd
Prices/NAV’s
Share prices and ISIN codes for all currency- and fund classesn
Inquiring more information or subscription details - MENA Fund
Disclaimer: FMG (MALTA) Ltd. (“FMG”) is licensed by the Malta Financial Services Authority (“MFSA”) as a category 2 Investment Services Provider as provided in the Investment Services Act Chapter 370 of the Laws of Malta. FMG is authorized to act as a full scope alternative investment fund manager (“AIFM”) in terms of Directive 2011/61/EU of the European Parliament and of the Council on alternative investment fund managers (“AIFMD”). This summary is for information purposes only and does not constitute an offer to sell or a solicitation to buy. Citizens or residents of the United States and India may not invest in these Funds. All Funds may not be marketed to Swiss citizens or residents except those considered as “regulated qualified investors” by the Swiss Collective Investment Schemes Act and the Swiss Collective Investment Schemes Ordinance. All Funds are not to be marketed to EU or EEA investors. Investors who wish to obtain information on these funds will only be provided any such materials upon receipt of an appropriate reverse solicitation request in accordance with the requirements of the EU AIFM Directive, Swiss Law and/or national law in their home jurisdiction. Opinions and estimates constitute the manager’s judgment and are subject to change without notice. Past performance is not indicative of future results. Investments in Emerging Markets should be considered high risk where a portion or total loss of capital is conceivable. The synthetic risk-indicator illustrated herein comprises 60 months returns calculated in USD and is updated once per annum.No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his/her initial capital, and investment results can fluctuate substantially over any given time period. Please refer to the relative fund’s prospectus which contains brief descriptions of certain risks associated with investing in the fund. FMG funds or third-party funds marketed by FMG are aimed at experienced investors and you have to ensure you are able to invest in such funds. Questions should be directed to your local representative or financial advisor. This document may not be reproduced, distributed, or published for any purpose without the prior written consent of the manager. All information contained in this communication is as provided by FMG (MALTA) Ltd. Return chart: FMG (EU) MENA Fund B ISIN MT0000007199, MSCI Pan Arab Index, MSCI EM Index (USD). Data source: Bloomberg. Exposure chart is updated in May 2021. FMG Copyright (C) 2022 FMG. All rights reserved.