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 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...

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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...

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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...

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ASSET ALLOCATION

  • Saudi Arabia 32%
  • UAE 20%
  • Cash 14%
  • Egypt 11%
  • Kuwait 10%
  • Morocco 4%
  • Jordan 3%
  • Lebanon 3%
  • Others 2%
  • Qatar 1%
  • Tunisia 1%
  • Palestine 1%
  • Oman 1%

FUND DESCRIPTION

The FMG MENA Fund offers access to the world´s leading energy region, with a particular focus on the Gulf Cooperation Countries (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. We have a large network of experienced investment managers in the Middle East and abroad, and will continue to seek out the best managers.

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.

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 €10,000, 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

Info Sheet

Printable Fund Description, Terms, ISINs and more

Fact Sheet

Printable Return Chart, Key Statistics and more

Presentation

Printable Fund Presentation, Terms, ISINs and more

Prices/NAV’s

Share prices and ISIN codes for all currency- and fund classesn

Inquiring more information or subscription details - MENA Fund

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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. 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. Copyright (C) 2017 FMG. All rights reserved. Return chart: FMG (EU) MENA Fund B ISIN MT0000007199, MSCI Pan Arab Index, MSCI EM Index (USD) 2014-09-26 to 2017-09-29, data source: Bloomberg. Exposure chart is updated October 2017, data source: FMG Copyright (C) 2017 FMG. All rights reserved.