FMG (EU) China Fund lost 11.7% in the 4th Quarter and 23.0% in 2018

Since September, lots of economic news was released and it confirms the slower economy, domestic consumption, and export all resulting from previous deleveraging policy. In the past few months, the government has introduced active measures to combat the slower growth...

FMG (EU) China Fund lost 7.5% in the 3rd Quarter

The quarter ended roughly for China during the last week of September, a further escalation of the trade conflict between China and the US, which resulted in the third imposed 10% tariff on US$ 200 billion worth of Chinese goods took effect. Like any trade war, the...

FMG (EU) China Fund lost 7.7% in the 2nd Quarter

Chinese equities suffered from a mix of events during the second quarter that has resulted in downward pressure and market weakness. In June alone, we saw the currency (RMB) depreciate by almost 4% vs the US dollar and the market lost 8% during this month alone....

FMG (EU) China Fund gained +2.2% in the 1st Quarter

China released first-quarter GDP numbers of 6.8%, very impressive for the world’s second-largest economy. Strong domestic consumption, accounting for almost 80% of GDP. Remember before, the GDP growth numbers were government initiated projects, now the strong consumer...

FMG (EU) China Fund gained +7.1% in the 4th Quarter and +25.4% in 2017

The Shanghai Composite Index was up +14% in 2017 and it was once again firmly on investors’ radars for all the right reasons. China, the world’s second-largest economy, produced GDP growth of 6.9% for 2017, which is an impressive number. This coupled with low...

FMG (EU) China Fund gained +6.4% in the 3nd Quarter of 2017

FMG (EU) China Fund gained +6.4% in the 3nd Quarter of 2017 It was a strong quarter for Chinese equities despite a flat month of September. Some macro factors towards the end of the quarter signalled slightly higher inflation (+1.8%) and a seasonal slowdown in...