Fact sheet: BB African Opprtunits

Fund information
Fund name
BB African Opportunities B EUR
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund managers
  • Jean-Pierre Gerbersince 03/01/2011
  • Malek Bou-Diabsince 29/06/2009
  • Andy Gbokasince 01/01/2015
Fund objective
The Fund invests primarily in listed companies operating out of the emerging markets of Africa. These are mainly countries in Northern Africa and the Sub-Sahara that are benefiting from progressive structural change, economic reform, infrastructure investment and their bountiful natural resources. They also offer largely untapped investment potential. The Fund additionally invests in attractive opportunities in South Africa. Experienced emerging market experts, some of whom are from the region itself, focus on profitable large and mid-cap companies that stand to benefit from the region's strong growth momentum. Using a fundamental bottom-up and top-down approach the investment specialists screen out the most attractive companies and construct a portfolio containing 50 to 70 stocks, broadly diversified across the various countries and sectors.
Benchmark
  • Dow Jones Africa Titans 50 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.8%
1 Year rank in sector
236/258
Sector
FO Equity - Emerging Markets
Yield
-
Fund size
£59m (£70m 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.
116
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs44.8%
HSBC GIFEconScaleIxGEMEq39.4%
GAM Star Nth of Sth EM Eq39.2%
Dimensional EmMkt Tgt Val34.8%
Schroder ISF QEP Gl Eg Mts34.2%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Egypt20%
    Morocco17.5%
    South Africa15.5%
    Money Market12.2%
    Kenya10.5%
  • Financials32.7%
    Materials13.9%
    Money Market12.2%
    Consumer Discretionary11.7%
    Industrials11.4%
  • African Equity46.1%
    Egyptian Equity20%
    South African Equities15.5%
    Money Market12.2%
    Middle East & African Equities3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.7%-1.9%-2.8%-2.8%-3.5%26%
Sector-2.1%-4.6%5.3%7.5%-7.1%1.2%
Rank within sector2 / 26353 / 267232 / 263236 / 25894 / 21029 / 161
Quartile1st1st4th4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund-2.4%-13.7%11.3%4.3%27.8%
Sector9.7%-14.3%-1.4%-0.7%14.2%
Rank within sector241 / 258142 / 24121 / 21539 / 1907 / 162
Quartile4th3rd1st1st1st
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.
-0.07
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.
0.43
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.
-0.01
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%.
11.92
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.
12.79
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.
0.09
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.
0.24
Price movement
52 week high180.41
52 week low156.42
Current bid price-
Current offer price-
Current mid price170.48
Region
1Egypt20%
2Morocco17.5%
3South Africa15.5%
4Money Market12.2%
5Kenya10.5%
6Ghana7%
7Tunisia4.7%
8Zambia3.8%
9Rwanda3.7%
Industry sector
1Financials32.7%
2Materials13.9%
3Money Market12.2%
4Consumer Discretionary11.7%
5Industrials11.4%
6Consumer Staples8.1%
7Energy4.5%
8Telecommunications Utilities4.2%
9Utilities1.3%
Asset type
1African Equity46.1%
2Egyptian Equity20%
3South African Equities15.5%
4Money Market12.2%
5Middle East & African Equities3.7%
6Dutch Equities1.3%
7Canadian Equities1.2%
Individual holdings
1NASPERS6%
2DOUJA PROMOTION GRP ADDOHA MAROC4.2%
3EL SWEDY ELECTRIC CO4.2%
4LESIEUR CRISTAL4.1%
5FIRST QUANTUM MINERALS3.8%
6COMMERCIAL INTERNATIONAL CORP3.7%
7OLD MUTUAL PLC3.7%
8RANDGOLD RESOURCES3.7%
9TULLOW OIL PLC3.4%
Management
Fund manager group
Bellevue Asset Management
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund objective
The Fund invests primarily in listed companies operating out of the emerging markets of Africa. These are mainly countries in Northern Africa and the Sub-Sahara that are benefiting from progressive structural change, economic reform, infrastructure investment and their bountiful natural resources. They also offer largely untapped investment potential. The Fund additionally invests in attractive opportunities in South Africa. Experienced emerging market experts, some of whom are from the region itself, focus on profitable large and mid-cap companies that stand to benefit from the region's strong growth momentum. Using a fundamental bottom-up and top-down approach the investment specialists screen out the most attractive companies and construct a portfolio containing 50 to 70 stocks, broadly diversified across the various countries and sectors.
Benchmark
  • Dow Jones Africa Titans 50 Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jean-Pierre Gerber03/01/2011Jean-Pierre Gerber has been with Bellevue Asset Management since 2009 as a senior Product Specialist. He also worked for Julius Baer Asset Management as a head of fund research and for Ernst & Young as an equity product specialist. He holds a Masters degree in Business Economics following studies at the university of Berne and university of Warwick in the UK.
Malek Bou-Diab29/06/2009Malek Bou-Diab has been working for Bellevue Asset Management since 2009 as a lead portfolio manager of the BB African Opportunities Fund. He used to work as a portfolio manager of JB Northern Africa and Nikko Africa Funds at Julius Baer Asset Management and as quant risk analyst at Deutsche Bank. He holds PhD in Theoretical Physics from Swiss Federal Institute of Technology in Zurich.
Andy Gboka01/01/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, United Kingdom, Luxembourg, Offshore
BB African Opportunities B CHF
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price121.21
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU4
BB African Opportunities B EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.67%
Bid price-
Offer price-
Mid price170.48
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU2
BB African Opportunities B USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price131.95
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU3
BB African Opportunities I CHF
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price128.1
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU6
BB African Opportunities I EUR
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price181.46
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU5
BB African Opportunities I GBP
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price144.35
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10KM
BB African Opportunities I USD
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price138.22
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU7
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