FMG (EU) MENA Fund gained +2.6% in the 3rd Quarter of 2017

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

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...

FMG (EU) MENA Fund gained +2.9% in the 1st Quarter of 2017

FMG (EU) MENA Fund gained +2.9% in the 1st Quarter of 2017 Most of the MENA markets failed to keep up with the positive market movements seen in emerging and developing equity indices in Q1. The Saudi Tadawul market took a breather after the sharp rally at the end of...

FMG (EU) MENA Fund lost 5.4% in the 3rd Quarter

Most MENA indices ended the quarter in negative territory as the Saudi stock exchange plunged lower. Despite being one of the cheapest places in the world to produce oil, Saudi´s economy is hurting in the low oil price environment. Much has been done to address the...