FMG (EU) MENA Fund gained +0.4% in the 4th Quarter and +10.4% in 2017

In the 4th quarter oil prices rallied by around 20% but almost all stock markets in the oil exporting nations around the world failed to track this performance. On the contrary, in the MENA region, the oil importers were the best performers with Jordan gaining 6%...

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 lost 5.4% in the 3rd Quarter

Most MENA indices ended the quarter in negative territory as the Saudi stock exchange plunged lower. Despite being one of the cheapest places in the world to produce oil, Saudi´s economy is hurting in the low oil price environment. Much has been done to address the...
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