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...

FMG (EU) China Fund lost 4.3% in the 2nd Quarter

The MSCI China index is now trading at a P/E of 10.2 for 2020 with earnings for this year of over 20%. The on-going trade war explains the difference.  The A-share factor in the MSCI index doubled from 5% to 10% by end May and this brings the A-share weight in the...

FMG (EU) China Fund gained +19.3% in the 1st Quarter

Investors were duly rewarded during the quarter after a sluggish 2018.  As investors returned from their Chinese New Year holiday in February, the A-share market’s momentum accelerated and the market was up 15.0% for the month, the largest gain in four years since the...

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...
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