THE WORLD’s LEADING ENERGY REGION

%

of World Oil

Countries

Stock Markets

Market Cap (tn USD)

FMG MENA FUND

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.

MENA at a Glance

• 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

• Very reasonable forward valuations and generous dividend yields

 MOST RECENT POSTS

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...

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Fund Forum Africa

14-16 September 2016 Hilton London Canary Wharf, London   Debating The Africa Growth Story At The Region's Leading Asset Management Conference...

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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...

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REGIONAL ALLOCATION

  • Saudi Arabia 32%
  • UAE 19%
  • Egypt 12%
  • Cash 9%
  • Kuwait 8%
  • Morocco 5%
  • Qatar 4%
  • Others 3%
  • Lebanon 2%
  • Turkey 2%
  • Tunisia 1%
  • Palestine 1%
  • Jordan 1%
  • Oman 1%

FUND DESCRIPTION

The Fund offers investors exposure to roughly fifteen MENA markets with a focus on the GCC (Gulf Corporation Council) countries. The investment objective of the FMG MENA Fund is to achieve long term capital appreciation utilizing a multi-manager approach. Managers are selected based on their proven expertise in managing assets. These assets comprise mainly a portfolio of equity securities.

The Fund incorporates a mix of long only and country specific managers. By combining the skills of multiple managers the portfolio is diversified between complementary investment strategies, geographical areas and industry sectors. The investment manager utilizes both a top down macro and a quantitative technical model to determine allocations FMG considers risk management and fund liquidity an integral element of the portfolio management process.

FUND PARTICULARS

Investment Profile
Investment Focus
Investment Objective
Investment Horizon
Risk Level
Management
Fund Structure
Fund Type
Inception
Base Currency
Currency Classes
Minimal Init. Investment

Emerging Markets
Middle East & North Africa
Listed Equities
3-5 Years
High
Multi Managed
SICAV
AIF
2006
USD
USD, EUR, GBP, SEK, NOK
Class: A&L €15,000, B €75,000
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
MFSA
REYL
Apex Fund Services
Deloitte

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Disclaimer: FMG (Malta) Limited (“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.  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. 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 funds marketed by FMG are aimed at experienced investors and you have to fit in this category to be 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. Return chart: FMG (EU) MENA Fund B ISIN MT0000007199, MSCI EM Index, MSCI Pan Arab Index (USD) 2013-12-27 to 2016-12-30, data source: Bloomberg. Exposure chart is updated January 2017, data source: FMG Copyright (C) 2017 FMG. All rights reserved.