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...

FMG (EU) India Opportunity Fund lost 6.2% in the 3rd Quarter

The price of oil has increased 23% this year while the Indian currency, the rupee, has lost 14%. The combined effect has hit the economy hard. India’s monthly goods and service tax (GST) collections have been a bit below the budgeted expectations and have left little...
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