FMG Iraq Fund A10 USD

75.93
0.72 / 0.96%
52.79 - 75.93+0.44
NAV in USD1-day change52-week range3-yr sharpe ratio

As of market close Mar 31 2018.

    Total returns on £1,000

    As of Mar 30 2018.

    Objective

    After decades of oppression and war Iraq is emerging as one of the most exciting frontier market stories in the world. FMG SOF offers investors an easy way to participate in this exciting market. The Fund will be focusing on investments on Iraq Stock Exchange but can also have investments in internationally listed companies operating in Iraq. The majority of the exposure will be long only over time. The Fund will be positioned to take advantage of the growth derived from post-war reconstruction and massive oil production expansion. Iraq’s estimated oil reserves match both those of Russia and Saudi Arabia, yet the total stock market capitalization is only 0.8% of Saudi’s and 1% of Russia’s. The market is untouched by foreign investors and does not correlate to global stock markets

    Profile

    Fund typeOpen Ended Investment Company
    Income treatmentAccumulation
    Morningstar categoryOther Africa & Middle East Equity
    IMA sector
    Launch date31/05/2010
    Price currencyUSD
    DomicileBermuda
    ISINBMG8797F2739
    Manager & start date
    Not Disclosed
    29/04/2005

    Investment

    Pricing frequencyMonthly
    Fund size
    4.80m GBPAs of Feb 28 2018
    Share class size
    1.06m GBPAs of Feb 28 2018
    Total expense ratio--
    Initial charge--
    Annual charge2.00%
    Exit charge--
    Min. initial investment7,128 GBP
    Min. additional investment--
    Min. regular investment--
    UK ISANo
    Available for saleBermuda, Sweden, United Kingdom

    Diversification

    Asset type

    Non-UK stock
    97.33%
    Cash
    2.67%
    Other
    0.00%
    UK stock
    0.00%
    Bond
    0.00%

    Top 5 sectors

    Consumer Defensive
    45.59%
    Financial Services
    34.16%
    Communication Services
    12.78%
    Real Estate
    4.81%

    Top 5 Regions

    Middle East
    97.33%
    Emerging Market
    97.33%

    Sector and region weightings are calculated using only long position holdings of the portfolio.

    Top 5 holdings

    Company1 year
    change
    Portfolio
    weight
    Long
    allocation
    Baghdad Soft Drinks Co--45.59%
    Bank of Baghdad--14.97%
    Asiacell Communications PJSC--12.78%
    Al-Mansour Bank--9.37%
    Mamoura Real Estate Investment--4.81%
    As of Feb 28 2018.Data delayed by at least 60 minutes.

    The performance data shown in tables and graphs on this page is calculated in GBP of the fund/index/average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

    The videos and white papers displayed on this page have not been devised by The Financial Times Limited ("FT"). FT has not selected, modified or otherwise exercised control over the content of the videos or white papers prior to their transmission, or their receipt by you. The videos, white papers and other documents displayed on this page are paid promotional materials provided by the fund company. Any prospectus you view on this page has not been approved by FT and FT is not responsible for the content of the prospectus.

    The information made available to you does not constitute the giving of investment advice or an offer to sell or the solicitation of an offer to buy any security of any enterprise in any jurisdiction. The securities listed above are not registered and will not be registered for sale in the United Sates and cannot be purchased by U.S. investors as the securities can only be purchased in jurisdictions where they have been registered for sale or where an exemption from registration applies. The offer, sale or delivery of the securities within the United States or to, or for the account or benefit of, U.S. Persons is not permitted except pursuant to an exemption from registration under U.S. securities laws, which may not be available; and the availability of the information through the website does not alter or change the persons eligible to purchase the security.

    All managed funds data located on FTAdviser.com is subject to the FTBusiness Terms & Conditions. All content on FTAdviser.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FTAdviser and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.

    All data shown on this page, unless noted otherwise is Data Source and Copyright: Morningstar, Inc. 2012
    All Rights reserved

    © 2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    The Morningstar Equity Style Box is a unique graphical tool showing a fund’s true investment style and market capitalisation.

    The Morningstar Fixed Income Style Box is a unique graphical tool showing a fund's true credit quality and duration.