FMG unveils Mongolia fund

FMG, a specialist emerging markets investment firm, has launched a Mongolian-focussed investment fund.

The FMG Mongolia investment fund will focus on the top 25 most liquid domestically-listed companies on the Mongolian Stock Exchange (MSE). "Most observers rank Mongolia as the fastest growing economy in the years to come," said Arild Johansen, partner at FMG and lead manager on the fund. "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 asset allocation of the fund is broken down into five sectors, with 4% in financials, 5% in rea...