Offshore Capitalist

An emerging markets fund for Russia, India and China

From the factsheet:

FMG Rising 3 offers investors a unique access to Russia, India and China markets using the multimanager
concept. By investing with a mix of long-only and hedge fund managers, the Fund aims
to participate in the growth story for the next two decades whilst reducing the emerging market
risk.
Rising3 was the first country specific Russia, India and China (RIC) Fund launched prior to
Goldman Sachs BRIC (Brazil, Russia, India and China) report. These 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. 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.

FMG Rising 3 offers investors a unique access to Russia, India and China markets using the multimanager concept. By investing with a mix of long-only and hedge fund managers, the Fund aims to participate in the growth story for the next two decades whilst reducing the emerging market risk.

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

Click for: Factsheet, source.  Morningstar performance (ISIN: BMG8796Q1038).  Trustnet.

via FMG Funds.

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