Reuters: Swedish fund FMG targets Mongolia consumers, Iraq

Swedish fund manager FMG expects strong growth in Mongolian and Iraqi stocks even though the former faces the uncertainty of parliamentary election while the latter continues to be plagued by security issues. Rising demand for natural resources such as coal and oil is expected to fuel both economies and put more money in the pockets of consumers, FMG’s principal fund manager Johan Kahm told Reuters in Singapore on Monday. “Mongolia is a leveraged play on China… Any growth over 5-6 percent is still going to be good for the steel industry,” said Kahm, whose boutique firm manages some $200 million in frontier market funds. To read the full article, click hereSwedish fund FMG targets Mongolia consumers, Iraq

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