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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...

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...
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