FMG (EU) Rising 3 Fund gained +0.7% in the 2nd Quarter

In Russia, despite the fact that the Economic growth in the first quarter of 2019 was lower than the Bank of Russia’s expectations (0.5% vs 1.2%), overall Russia’s macroeconomic measures remain strong, with fiscal surpluses across all tiers and low...

FMG (EU) Rising 3 Fund gained +6.2% in the 1st Quarter

The Rising 3 markets did well doing the quarter with the big winner being China whereas Russia was more in line with emerging markets in general and India a bit weaker given its important May election. In China, Investors were duly rewarded during the quarter after a...

FMG (EU) Rising 3 Fund lost 5.6% in the 4th Quarter and 14.1% in 2018

During the quarter, the Fund increased its cash position to a whopping 42% as China-India and Russia were still in down trending markets.  The asset allocation at year-end was India 26%, Russia 17%, and China 15%. Valuations Values starts at this point to become...

FMG (EU) Rising 3 Fund lost 3.4% in the 3rd Quarter

The price of oil has increased 23% this year.  This has hurt India most, given it is a net importer, which has caused a drag on its economy and currency. On the other hand, Russia does not complain, being the largest oil producer in the world.  Russia currently...
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