FMG (EU) MENA Fund gained 8.3% in the 1st Quarter

The peripheral markets of Tunisia (+30%) and Jordan (+11%) were the best performings in the region in a quarter where MENA markets substantially outperformed world markets. This had little impact on the MENA fund’s performance as these markets are relatively small and...

FMG (EU) MENA Fund gained +2.6% in the 3rd Quarter of 2017

FMG (EU) MENA Fund gained +2.6% in the 3rd Quarter of 2017 It was a relatively weak quarter for the MENA markets, underperforming emerging and frontier markets by a wide range. The broad MENA indices were basically flat throughout the month despite the price of Brent...

FMG (EU) MENA Fund gained +4.1% in the 2nd Quarter of 2017

FMG (EU) MENA Fund gained 4.1% in the 2nd Quarter of 2017 Despite the price of Brent being in deep negative territory in 2017, the MENA markets have proven resilient. In fact, our technical models still confirm a bullish trend. The only sizeable stock market in the...

FMG (EU) MENA Fund gained +2.9% in the 1st Quarter of 2017

FMG (EU) MENA Fund gained +2.9% in the 1st Quarter of 2017 Most of the MENA markets failed to keep up with the positive market movements seen in emerging and developing equity indices in Q1. The Saudi Tadawul market took a breather after the sharp rally at the end of...