Fact sheet: Allan Gray Africa Equity

Fund information
Fund name
Allan Gray Africa Equity
Fund manager company
Allan Gray Intl (Prop) Ltd
Fund type
No data available.
Fund manager
  • Andrew Lappingsince 30/06/1998
Fund objective
The Fund aims to outperform African equity markets over the long term without taking on greater risk of loss.
Benchmark
  • MSCI Emerging and Frontier Markets Africa
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-3.2%
1 Year rank in sector
1/1
Sector
FO Equity - South Africa
Yield
-
Fund size
£172m
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.
131
Top in this sector
Fund name1 Year
Allan Gray Africa Equity-3.2%
...more in FO Equity - South Africa

Performance snapshot

Holdings snapshot

  • South Africa25.3%
    Zimbabwe20.5%
    Egypt17.9%
    Nigeria16.5%
    Kenya4.5%
  • Financials28.8%
    Consumer Goods24%
    Basic Materials12.8%
    Telecommunications11.4%
    Oil & Gas9.8%
  • African Equity44.5%
    South African Equities25.3%
    Egyptian Equity17.9%
    UK Equities3.5%
    Australian Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%2.2%1.3%-3.2%-36.2%-14.6%
Sector3.8%2.2%1.3%-3.2%-37.1%-24%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-1%-33.6%-5.1%12%22.3%
Sector-1%-33.6%-5.1%1.5%19%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
Quartile
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.
0.89
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.
1.02
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.
-0.03
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%.
17.59
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.
2.55
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.
0.2
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.98
Price movement
52 week high135.46
52 week low106.65
Current bid price-
Current offer price-
Current mid price131.94
Region
1South Africa25.25%
2Zimbabwe20.47%
3Egypt17.94%
4Nigeria16.48%
5Kenya4.49%
6UK3.51%
7Australia3.02%
8Uganda3.02%
9France2.83%
Industry sector
1Financials28.8%
2Consumer Goods24%
3Basic Materials12.8%
4Telecommunications11.4%
5Oil & Gas9.8%
6Utilities4.6%
7Consumer Services4%
8Fixed Interest2.5%
9Industrials2.1%
Asset type
1African Equity44.46%
2South African Equities25.25%
3Egyptian Equity17.94%
4UK Equities3.51%
5Australian Equities3.02%
6French Equities2.83%
7Money Market2.5%
8Canadian Equities0.49%
Individual holdings
No data available.
Management
Fund manager group
Allan Gray Intl (Prop)
Fund manager company
Allan Gray Intl (Prop) Ltd
Fund type
No data available.
Fund objective
The Fund aims to outperform African equity markets over the long term without taking on greater risk of loss.
Benchmark
  • MSCI Emerging and Frontier Markets Africa
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Andrew Lapping30/06/1998Andrew joined Allan Gray in February 2001 as a fixed interest trader and moved to the research team as an equity analyst in February 2003. He was appointed as fixed interest portfolio manager in June 2006 and in February 2008 took on the additional responsibility of managing a portion of client equity and balanced portfolios. He is a fund manager for the Allan Gray Bond and Money Market Funds, as well as managing African equities. Andrew completed his B Sc (Eng) and B Com at UCT and is a CFA charter holder.
Compliance
Distributor Status, Reporting Fund Status
Domicile
No data available.
Fund for sale in
Bermuda, United Kingdom, Offshore
Allan Gray Africa Equity
Initial charge-
Annual charge2.5%
Min single investment£50,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price131.94
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOC42
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.