FMG (EU) MENA Fund lost 27.1% in the 1st Quarter

The MENA region was dragged down with global markets and hardest hit was the UAE (-30%) and Kuwait (-28%) while the less liquid and more isolated markets such as Tunisia (-6%) and Oman (-19%) fared better. The UAE market took the heaviest beating on the back of a...

FMG (EU) MENA Fund gained +1.2% in the 2nd Quarter

The second quarter was predictably slow in the region as Ramadan and Eid fell in May and June respectively. The MENA region moved in line with global markets during the quarter despite the price of Brent declining by 5%. The performance spread between the different...

FMG (EU) MENA Fund gained +8.5% in the 1st Quarter

The MENA region continued to perform strongly lead higher by index heavyweight Saudi Arabia (+13%). The net oil exporting countries showed the strongest performance for the quarter on the back of a strong rebound in the price of Brent (+27%) while peripheral markets...

FMG (EU) MENA Fund lost 5.2% in the 4th Quarter and 2.0% in 2018

The MENA region showed strong resilience in the 4th quarter when most asset classes fell in tandem. Not even a 37% drop in the price of crude managed to put a dent in the performance. The regions heavyweight, Saudi, held up well supported by strength in the banking...
Social media & sharing icons powered by UltimatelySocial