Fact sheet: Baring MENA

Fund information
Fund name
Baring MENA A Inc NAV GBP
Fund manager company
Baring Intl Fund Mgr (Ire) Ltd
Fund type
OEIC
Fund managers
  • Ghadir Abu Leil-Coopersince 29/03/2010
  • Michael Levysince 01/01/2017
Fund objective
The objective of the Fund is to achieve long-term capital growth in the value of assets by investing in the Middle East and North Africa (“MENA”).
Benchmark
  • MSCI Arabian Markets ex Saudi Arabia Total, Net Return
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.8%
1 Year rank in sector
3/14
Sector
FO Equity - MENA
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.
2.9%
Fund size
£5m (£6m 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 MENA27.3%
Lazard Mena18.6%
Baring MENA13.8%
T. Rowe Price MEast& Africa Eq13.1%
IPConcept Silk Road Frontier8.4%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • United Arab Emirates34.4%
    Turkey12.3%
    Qatar12.1%
    Saudi Arabia12%
    Kuwait11%
  • Financials41.8%
    Consumer Staples16.9%
    Real Estate15.1%
    Health Care10.7%
    Consumer Discretionary5.2%
  • Emirian Equities34.4%
    Turkish Equities12.3%
    Qatari Equities12.1%
    Saudi Arabian Equities12%
    Kuwaiti Equities11%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%0.4%2.9%13.8%5.2%63.9%
Sector1.4%4.2%9.4%8.6%-7.5%27.8%
Rank within sector12 / 1413 / 1413 / 143 / 143 / 142 / 12
Quartile4th4th4th1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.1%16.8%-13.7%19.6%24.8%
Sector4.4%5.1%-15%12.2%20.2%
Rank within sector13 / 142 / 147 / 144 / 135 / 12
Quartile4th1st2nd2nd2nd
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.
5.75
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.
0.92
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
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%.
15.39
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.
9.61
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.
0.58
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.
0.62
Price movement
52 week high14.77
52 week low11.84
Current bid price-
Current offer price-
Current mid price14.32
Region
1United Arab Emirates34.4%
2Turkey12.3%
3Qatar12.1%
4Saudi Arabia12%
5Kuwait11%
6Egypt7.2%
7UK5.9%
8Others2.6%
9Money Market2.5%
Industry sector
1Financials41.8%
2Consumer Staples16.9%
3Real Estate15.1%
4Health Care10.7%
5Consumer Discretionary5.2%
6Industrials4.5%
7Others3.3%
8Cash & Cash Equivalents2.5%
Asset type
1Emirian Equities34.4%
2Turkish Equities12.3%
3Qatari Equities12.1%
4Saudi Arabian Equities12%
5Kuwaiti Equities11%
6Egyptian Equity7.2%
7UK Equities5.9%
8International Equities2.6%
9Money Market2.5%
Individual holdings
No data available.
Management
Fund manager group
Baring
Fund manager company
Baring Intl Fund Mgr (Ire) Ltd
Fund type
OEIC
Fund objective
The objective of the Fund is to achieve long-term capital growth in the value of assets by investing in the Middle East and North Africa (“MENA”).
Benchmark
  • MSCI Arabian Markets ex Saudi Arabia Total, Net Return
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Ghadir Abu Leil-Cooper29/03/2010Ghadir is Head of the EMEA & Global Frontier Markets Equity Team. She is the lead manager on the Baring Eastern Europe Fund and Baring MENA Fund and is the back-up manager for the Baring Frontier Markets Fund. Ghadir is also a member of the Best Ideas Panel for Global Emerging Markets. Having joined Baring Asset Management as part of the Global Emerging Equity Team in 1997, Ghadir was appointed a Director in 2001. Prior to joining our Emerging Equity Team, Ghadir worked at BZW Asset Management, where she was an investment analyst focusing on the Middle East, North Africa and Latin America regions. Ghadir has a BSc and a Ph.D in Theoretical Physics from Durham University and is fluent in Arabic.
Michael Levy01/01/2017Michael Levy is the lead manager of the Baring Frontier Markets Fund and the Baring Russia Fund. After graduating from Manchester University with a degree in Economics, he joined Grant Thornton as a chartered account. He then transfers across to Asset Management in 1995 and joined Alliance Capital Management to work in its research and quant unit. From 1998 until early 2012, Michael was involved in the management of specialist international and emerging equity portfolios, including products such as the Nile Growth Fund and the Southern Africa Fund.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Luxembourg, Macau, Offshore, Singapore, Sweden
Baring MENA A Inc NAV GBP
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price14.32
CurrencyGBP
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIGM4
Baring MENA A NAV EUR
Initial charge5%
Annual charge1.5%
Min single investment£3,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price16.24
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBE1
Baring MENA A NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price13.12
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBE0
Baring MENA I Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIGM6
Baring MENA I Acc USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price18.58
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIGM5
Baring MENA I NAV GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price14.35
CurrencyGBP
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM43E
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.