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...

FMG (EU) MENA Fund gained 2.7% in the 2nd Quarter

MENA markets moved slightly higher during the second quarter, failing to keep pace with the rallying oil price which moved up almost 20%. After a slow end to the quarter, mainly due to Ramadan we expect a pickup in trading activity as investors chase the higher yields...