Fact sheet: Africa

Fund information
Fund name
Africa A Gr USD
Fund manager company
Investec Asset Mgmt Guernsey
Fund type
OEIC
Fund managers
  • Joseph Rohmsince 01/10/2013
  • Khaya Gobodosince 01/03/2015
Fund objective
The Fund’s investment objective and policy is to achieve long term total return by investing primarily in African (ex South African) securities. The Fund aims to achieve this through investment, currently, in an underlying fund defined as the Master Fund
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-23%
1 Year rank in sector
255/258
Sector
FO Equity - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.83%
Fund size
£2m (£7m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
79
Top in this sector
Fund name1 Year
GAM Star Nth of Sth EM Eq47.6%
T. Rowe Price EmgMktsEq46.7%
Wells Fargo WW Emg Mkts Eq45.7%
Templeton BRIC45%
GS BRICs Rqt Portfl44.9%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Egypt25.3%
    Nigeria19.9%
    Mauritius15%
    Kenya13.3%
    UK8.1%
  • Financials24.2%
    Consumer Staples22.5%
    Telecommunications Utilities20.4%
    Money Market10.3%
    Materials10%
  • African Equity54.1%
    Egyptian Equity25.3%
    Middle East & African Equities12.5%
    UK Equities8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--10.5%-6.6%-23%-41.6%-32.8%
Sector0.6%10.1%11.6%11.8%-3.3%12.7%
Rank within sector-263 / 264257 / 260255 / 258203 / 206154 / 157
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-17.4%-24.6%-16.7%17%29.8%
Sector14.2%-14.3%-1.4%-0.7%14.2%
Rank within sector256 / 259237 / 243214 / 21810 / 1926 / 163
Quartile4th4th4th1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-19.94
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.02
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.04
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.81
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
20.04
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-1.08
Price movement
52 week high17.25
52 week low13.08
Current bid price-
Current offer price-
Current mid price13.08
Region
1Egypt25.3%
2Nigeria19.9%
3Mauritius15%
4Kenya13.3%
5UK8.1%
6Uganda6.3%
7Tanzania4.3%
8Ivory Coast4.1%
9Rwanda1.9%
Industry sector
1Financials24.23%
2Consumer Staples22.51%
3Telecommunications Utilities20.36%
4Money Market10.3%
5Materials9.96%
6Utilities5.65%
7Energy2.69%
8Health Care2.24%
9Industrials2.06%
Asset type
1African Equity54.1%
2Egyptian Equity25.3%
3Middle East & African Equities12.5%
4UK Equities8.1%
Individual holdings
No data available.
Management
Fund manager group
Investec
Fund manager company
Investec Asset Mgmt Guernsey
Fund type
OEIC
Fund objective
The Fund’s investment objective and policy is to achieve long term total return by investing primarily in African (ex South African) securities. The Fund aims to achieve this through investment, currently, in an underlying fund defined as the Master Fund
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Joseph Rohm01/10/2013Joseph Rohm is a portfolio manager and co-portfolio manager on regional and Pan African Public Equity Strategies at Investec Asset Management. Joseph joined the firm in 2012 having previously managed Africa and Middle East equity portfolios at T Rowe Price in London. Prior to this he worked as an analyst at ABN AMRO in Amsterdam and Bank of Scotland in London. Joseph holds an MBA from the Netherlands Business School and B.Sc. (Chemical Engineering) & B.Com. degrees from the University of Cape Town.
Khaya Gobodo01/03/2015Khaya is the co-strategy leader for Frontier and Emerging Markets at Investec Asset Management, where he is responsible for Pan Africa listed equity research and investments. He initially joined Investec Asset Management in 1999 working on the frontier and emerging market equities team where he progressed to a portfolio manager. In 2005, Khaya left the firm to establish Afena Capital, an investment management firm operating in South Africa and Botswana, where he was chief investment officer and a senior portfolio manager being responsible for leading and managing the investment team. Khaya graduated with a Bachelor of Commerce from WITS University in 1999. Thereafter he became a CFA Charterholder in 2002 and obtained a Master's degree in Investment Management at CASS Business School City University (London) in 2004.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Cayman Islands, United Kingdom, Guernsey, Offshore, Singapore
Africa A Gr USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)3.41%
Bid price-
Offer price-
Mid price13.082
CurrencyUSD
Price updated30/06/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAEF5
Africa I USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price9.311
Offer price9.311
Mid price-
CurrencyUSD
Price updated30/01/2009
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAEF4
Africa I14 Gr Acc USD
Initial charge-
Annual charge1%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.707
CurrencyUSD
Price updated14/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKU1U
Data provided by

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