FMG (EU) Rising 3 Fund gained 15% in the 4th Quarter, and 4% for 2020

Russia:  After a nine month dreadful equity streak for 2020, Russian equities came alive in the fourth quarter and the market posted a gain of 20% to help reduce the year’s loss to a low teen number.  Retail investors in Russia have opened a wave of new equity trading...

FMG (EU) China Fund gained 16% in the 4th Quarter, and 36% for 2020

China’s economy grew 6.5% in the forth-quarter, ending a rough coronavirus-striken 2020 in remarkably good shape.   Macroeconomic numbers were encouraging and the important PMI was 51.9% in December which implies a sustained manufacturing recovery. The trade surplus...

FMG (EU) China Fund gained 16.8% in the 2nd Quarter

China expects to return to positive GDP during the quarter despite a virus setback in Beijing.  Equities rallied in June driven by the continued expectation of recovery from COVID-19 and and from global money printing. The non-manufacturing PMI Index went above the 54...

FMG (EU) China Fund lost 8.2% in the 1st Quarter

China has outperformed other emerging markets during the quarter as the Chinese government took drastic measures to stop the covid-19 from spreading.  When number of virus-related deaths started to drop and the trend continued, factories resumed operations back to...