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's investment objective is to generate attractive and competitive long-term capital growth. It is particularly suited to investors with an investment horizon of at least 5 to 7 years who want to diversify their portfolio with investments in emerging market equities. The Fund is exposed to the risks typical of emerging market equity investments
Benchmark
  • Dow Jones Africa Titans 50 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.8%
1 Year rank in sector
230/255
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.
2.53%
Fund size
£65m (£65m 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.
123
Top in this sector
Fund name1 Year
HSBC GIF BRIC Eq61.1%
Pimco RAEFdmntl+EmgMkt60.6%
HSBC GIF BRIC Markets Eq59.9%
Sydinvest BRIK Akkumulerende54%
CS Ind (L) Eq EmMkt Fundamnt53.2%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Egypt23.5%
    Morocco23.3%
    South Africa15.1%
    Kenya6%
    Money Market5.1%
  • Financials23.4%
    Materials17.7%
    Consumer Staples11.4%
    Consumer Discretionary11.1%
    Real Estate10.3%
  • African Equity47.2%
    Egyptian Equity23.5%
    South African Equities15.1%
    Money Market5.1%
    Middle East & African Equities4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.5%10.9%8.1%14.8%5.2%22.3%
Sector5.3%10.1%5.8%27.8%5.6%0.7%
Rank within sector177 / 268103 / 26796 / 266230 / 255126 / 21241 / 159
Quartile3rd2nd2nd4th3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund9%0.9%-13.7%11.3%4.3%
Sector8.5%10.7%-14.3%-1.4%-0.7%
Rank within sector156 / 268231 / 254141 / 23120 / 20840 / 183
Quartile3rd4th3rd1st1st
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.
-0.94
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.
0.47
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%.
12.07
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.
12.33
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.
-0.15
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.
0.27
Price movement
52 week high189.94
52 week low161.91
Current bid price-
Current offer price-
Current mid price192.03
Region
1Egypt23.5%
2Morocco23.3%
3South Africa15.1%
4Kenya6%
5Money Market5.1%
6Tunisia5%
7Nigeria4.5%
8Others4.5%
9Ghana4.2%
Industry sector
1Financials23.4%
2Materials17.7%
3Consumer Staples11.4%
4Consumer Discretionary11.1%
5Real Estate10.3%
6Industrials8.8%
7Energy7.3%
8Money Market5.1%
9Telecommunications Utilities3.9%
Asset type
1African Equity47.2%
2Egyptian Equity23.5%
3South African Equities15.1%
4Money Market5.1%
5Middle East & African Equities4.6%
6International Equities4.5%
Individual holdings
1EL SWEDY ELECTRIC CO5.4%
2NASPERS5.3%
3DOUJA PROMOTION GRP ADDOHA MAROC4.8%
4LESIEUR CRISTAL4.5%
5RANDGOLD RESOURCES4.5%
6FIRST QUANTUM MINERALS4.2%
7TULLOW OIL PLC4.2%
8CREDIT AGRICOLE EGYPT4%
9OLD MUTUAL PLC3.6%
Management
Fund manager group
Bellevue Asset Management
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund objective
The Fund's investment objective is to generate attractive and competitive long-term capital growth. It is particularly suited to investors with an investment horizon of at least 5 to 7 years who want to diversify their portfolio with investments in emerging market equities. The Fund is exposed to the risks typical of emerging market equity investments
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 charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price134.08
CurrencyCHF
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU4
BB African Opportunities B EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price192.03
CurrencyEUR
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU2
BB African Opportunities B USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.52%
Total expense ratio (TER)2.52%
Bid price-
Offer price-
Mid price145.9
CurrencyUSD
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTU3
BB African Opportunities I CHF
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price141.92
CurrencyCHF
Price updated21/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU6
BB African Opportunities I EUR
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price204.72
CurrencyEUR
Price updated21/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU5
BB African Opportunities I GBP
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price162.97
CurrencyGBP
Price updated21/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10KM
BB African Opportunities I USD
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price153.06
CurrencyUSD
Price updated21/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTU7
Data provided by

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