Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

9873

FMG launches new Mongolia Investment Fund

RELATED TOPICS​

FMG, a specialist in emerging markets investments, has launched a new investment fund with focus on Mongolia – the world’s fastest growing economy

 
Arild Johansen (pictured), FMG partner, says: “I am proud to announce the launch of our new Mongolia Fund. Most observers rank Mongolia as the fastest growing economy in the years to come. It has huge future revenues potential and is blessed with key resources for a hungry growing world, and cost advantage of being right next door to the largest commodity consumer of them all, China.”
 
The Fund mainly has exposure to domestically listed Mongolian companies on the Mongolian Stock Exchange (MSE). The Fund invests in various securities among the top 25 liquid names on the MSE. The main sectors of the Mongolian economy are the mining, consumer and construction. The world’s leading deposits of critical resources like coal, copper, gold, uranium, rare earth metals and iron are located in this Mongolia. It’s location right next to China and Russia for the ultimate access to the end-consumer is ideal.
 
The asset allocation of the fund breaks itself down into: Financials 4%, Real Estate 5%, Construction 10%, Consumer 39%, Mining 42%. The five largest holdings are
APU, Remicon, Sharyn Gol, Tavan Tolgoi, Talkh Chikher.
 
The London Stock Exchange (LSE) has been hired to help upgrade the Mongolian stock exchange, which will meet the same standard as London in three years. The LSE anticipates that the domestic stock market will increase from approximately USD3bn to USD45bn within 10 years.
 

Latest News

Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..
Discretionary fund manager ebi Portfolios, and asset manager Amundi have launched the SRI portfolio range,..
Regulatory and compliance issues are the most significant barriers to investment in private debt, according..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by