Swedish company to manage investment funds designed to Mongolia and Iraq

Source: Reuters - 30/04/2012
Swedish company to manage investment funds designed to Mongolia and Iraq





Expects F. M. G Swedish investment funds to manage the strong growth of the shares of Mongolian and Iraqi forces, although the first face uncertainty about the parliamentary elections, while the latter suffers from the problems of the security situation in the country.

Johan said cam Fund Manager at F-basic. Mother. AG in Singapore on Monday that the increase in demand for natural resources such as coal and oil is expected to stimulate economies and increase the income of consumers in both countries.

He went on cam which operates his company about $ 200 million boxes in new emerging markets, "depends on China Mongolia ... what the growth rate of more than five or six percent would be good for the steel industry."

Owns adjacent to the Mongolia-China huge amounts of untapped minerals, including copper, uranium and has huge amounts of coke is the exploiter and necessary for the production of steel in the biggest fast-growing economy in the world.

On Iraq, see the Swedish company that benefits from high oil prices with reconstruction after the devastating war lasted nearly a decade.

And can be superior to Iraq, which has huge oil reserves untapped on Saudi Arabia as the largest producer in the world, according to AFP. Mother. G, which was launched in Iraq fund size of $ 20 million in June 2010.

The Swedish company invests directly in Iraq, but allocates funds to other fund managers.

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