FMG (EU) Combo Fund +5.0% in the 1st Quarter of 2017 The FMG Combo Fund had yet another strong quarter on the back of a continued, sustained rally in equity markets. Our overweight position in Emerging Markets was once again vindicated as they outperformed Developed...
2016 was a satisfactory year for the FMG Combo Fund, with the big positive contributors being Emerging Markets (in particular Russia), countered by a drag from our European and US exposure. Apart from the headline political stories that engulfed the world (Brexit,...
The Fund had a very good quarter on the back of a significant EM rally. Our 60% positioning in Emerging Markets paid off handsomely as it gained 12% during summer. With BREXIT being brushed aside, we have witnessed a strong risk on appetite. Yield hungry investors...
The Fund gained 1.2% for the 2nd quarter, in line with the benchmark MSCI World. The quarter was characterized by a rally in EM which and a selloff in developed markets, with the Eurostoxx 50 ending 4% down for the month. For much of the quarter much of the sentiment...
After being 10% down in January, the Fund bounced back sharply in February and March due to our exposure in China, India and more generally Emerging Markets. After raising cash levels to almost 30%, we made the right calls in identifying that the sell-off in January...
Looking back at the past two decades, we can pick and choose numerous economic crises or market crashes that have re-shaped the global financial sector and fund industry to what it is today, ranging from the Asia FX crisis, the LTCM debacle, the dotcom bubble, the...
