FMG Iraq Fund gained +19.5% in the 2nd Quarter

After the sharply negative start to the year for Iraqi equities, the market measured by the RS ISX index rallied hard and erased all losses. We have long argued that the market is well set for a market rally and this quarter could well be the starting point. It was...

FMG Iraq Fund lost 14.7% in the 1st Quarter

In the first quarter the Iraqi market, as measured by the Rabee Index, decreased by a whopping 14%. The drop was even more jaw-dropping, considering that world, emerging and frontier indices all gained 10-14% and that the price of Brent rallied 24% over the same...

FMG Iraq Fund lost 2.4% in the 4th Quarter but gained 5.5% in 2018

In the fourth quarter the Iraqi market, as measured by the Rabee Index, decreased by 5%. As we try to remind or investors from time to time, frontier markets like Iraq are one of the few remaining uncorrelated assets in the world. This was proven again during Q4 when...

FMG Iraq Fund lost 12.3% in the 3rd Quarter

The Iraq Stock Exchange (ISX) had a tough quarter with the market moving lower with low volatility and on paltry volumes. But there the negative ends. All the rest is looking good. Iraq´s economy is improving, the country is mostly rid of terrorism and a new and good...
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