FMG (EU) India Opportunity Fund lost 30.3% in the 1st Quarter

The stock market lost 25% in March, the worst month since October 2008. In a land with around 1.3 billion people, the government made the unprecedented move on 25th March to lock down the entire nation for an initial period of three weeks. What a logistical...

FMG (EU) India Opportunity Fund lost 0.5% in the 2nd Quarter

The main event during the quarter was the election and the unexpected outsized win of prime minister Modi. The new budget was presented and a continuation of promises made in his first 5-year chapter may be continued. In a land with almost 1.3 billion people, a...

FMG (EU) India Opportunity Fund gained +3.3% in the 1st Quarter

India posted strong outperformance in March as foreign investors invested over USD 5 bn into Indian equities, the largest monthly buying since early 2017, resulting in the rupee strengthening 2%. Expectations for a potentially stable government changed it all after...
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