FMG Rising³ Fund

Description

FMG Rising³ Fund was the first country specific Russia, India and China (RIC) Fund launched prior to Goldman Sachs BRIC (Brazil, Russia, India and China) report. 

The RIC economies are growing between 6-9% p.a. for the foreseeable future even in the midst of the current global financial crisis. As of October 2008, the RIC markets have suffered loss range from 60-75% from the peak due to the global de-leveraging triggered by the US sub-prime crisis.

Russia, China and India markets are currently trading at a PE of 3.5-10 compared to a PE of 11-12 of S&P whilst RIC economies’ growth will still register around 5-9%, well above the growth rate of the developed world. 

The current market level of Russia, India and China are substantially disconnected from their valuations and growth prospects. Russia, India and China’s (RIC) banking and financial system was (and still) is in relatively good shape and well isolated from the global financial crisis. 

The world will look very different in the next ten years. It will be a world where Emerging Markets, Russia, India and China in particular will play a much more important role. 

Russia, India and China are likely to be the first major world economies to recover and regain growth momentum from the current global financial crisis.

Strategy

FMG Rising³ Fund offers investors a unique access to Russia, India and China markets using the multimanager concept. 

By investing with a mix of long-only fund managers, the Fund aims to participate in the growth story for the next two decades whilst reducing the emerging market risk. 

The intended country allocation is one third each, but can vary from a minimum of 25% to a maximum of 40% in any one country.

Information

Invest through ^{investoffshoredirect.com} and the initial charge is reduced

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