FMG (EU) Rising 3 Fund lost 6% in the 1st Quarter

China reported a record 18.3% GDP growth for the first quarter, a record since statistics have been compiled over nearly 30 years. This indicates that China’s economy is flying back to pre-pandemic levels. 2021 marks the first year in the new five year plan where...

FMG (EU) Rising 3 Fund gained 17.9% in the 2nd Quarter

As the name suggests, the FMG Rising 3 Fund invests in Russian, Chinese and/or Indian equities. Russian equities followed an improved global sentiment during the quarter and recouped some of the lost ground from the horrific first quarter, helped by a gigantic...

FMG (EU) Rising 3 Fund lost 21.6% in the 1st Quarter

After gaining 50% last year, the market gave up this gain in the first quarter. The stock market is now selling at a P/E of 5 and a dividend yield of 7%. Russian equities suffered from the oil war with Saudi Arabia that started in March in addition to the fast...

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...