Fact sheet: Charlemagne Magna MENA

Fund information
Fund name
Charlemagne Magna MENA N EUR
Fund manager company
Charlemagne Capital
Fund type
No data available.
Fund managers
  • Akhilesh Bavejasince 22/02/2011
  • Sharat Duasince 22/02/2011
Fund objective
The Magna MENA Fund seeks to achieve capital growth by investing in a diversified portfolio of MENA Securities.The Magna MENA Fund is a sub-fund of the Magna Umbrella Fund plc.
Benchmark
  • S&P Pan Arab Composite Index
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
13.1%
1 Year rank in sector
2/14
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.
2.21%
Fund size
£23m (£33m 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.
124
Top in this sector
Fund name1 Year
Baring MENA16.8%
Charlemagne Magna MENA13.1%
Lazard Mena12.6%
Schroder ISF Mid East5.3%
T. Rowe Price MEast& Africa Eq4.3%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Saudi Arabia42.2%
    United Arab Emirates30%
    Egypt11.3%
    Qatar6.6%
    Money Market5.2%
  • Financials32%
    Health Care23%
    Consumer Staples22%
    Consumer Discretionary13%
    Money Market5.2%
  • Saudi Arabian Equities42.2%
    Emirian Equities30%
    Egyptian Equity11.3%
    Qatari Equities6.6%
    Money Market5.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund10.5%9.2%9.8%13.1%85.7%165.8%
Sector4.3%1.7%1.3%2.7%-0.4%33.2%
Rank within sector2 / 132 / 143 / 142 / 141 / 131 / 12
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12%12.4%40.5%36.7%6.7%
Sector2.4%-15%12.2%20.2%14.2%
Rank within sector3 / 141 / 141 / 132 / 1211 / 12
Quartile1st1st1st1st4th
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.
24.62
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.
1.23
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.
0.89
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%.
20.65
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.
13.1
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.
1.76
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.
0.63
Price movement
52 week high27.5
52 week low20.76
Current bid price-
Current offer price-
Current mid price27.39
Region
1Saudi Arabia42.24%
2United Arab Emirates30.04%
3Egypt11.26%
4Qatar6.57%
5Money Market5.2%
6Kuwait3.75%
7Jordan0.94%
Industry sector
1Financials32%
2Health Care23%
3Consumer Staples22%
4Consumer Discretionary13%
5Money Market5.2%
6Industrials2%
7Materials2%
8Others0.8%
Asset type
1Saudi Arabian Equities42.24%
2Emirian Equities30.04%
3Egyptian Equity11.26%
4Qatari Equities6.57%
5Money Market5.2%
6Kuwaiti Equities3.75%
7Middle East & African Equities0.94%
Individual holdings
No data available.
Management
Fund manager group
Charlemagne Capital
Fund manager company
Charlemagne Capital
Fund type
No data available.
Fund objective
The Magna MENA Fund seeks to achieve capital growth by investing in a diversified portfolio of MENA Securities.The Magna MENA Fund is a sub-fund of the Magna Umbrella Fund plc.
Benchmark
  • S&P Pan Arab Composite Index
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Akhilesh Baveja22/02/2011Akhilesh has primary responsibility for companies operating in the Gulf and wider Middle East and forms part of the MENA and Frontier Market teams at Charlemagne Capital. He joined the group in 2011 after two years at GLG Partners, previously Société Générale Asset Management, where he specialised in Saudi Arabian equities. He was previously employed as a senior analyst at Al-Rajhi Financial Services in Riyadh, having earlier spent four years at Unit Trust of India. Akhilesh holds a Master of Management Science in Finance.
Sharat Dua22/02/2011Sharat joined Charlemagne Capital in 2007 after five years working at Deloitte as a Senior Consultant in strategy, finance and M&A. At Charlemagne, Sharat researches companies across all sectors in Africa and the Middle East. Sharat has an MA in Economics and Management from Oxford University and has been a CFA charterholder since 2006.
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, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Charlemagne Magna MENA A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.262
CurrencyEUR
Price updated24/12/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDHP4
Charlemagne Magna MENA B
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.259
CurrencyGBP
Price updated24/12/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDHP5
Charlemagne Magna MENA C
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.28
CurrencyEUR
Price updated24/12/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDHP6
Charlemagne Magna MENA D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.623
CurrencyUSD
Price updated24/12/2008
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDHP7
Charlemagne Magna MENA G EUR
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price13.747
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKRLD
Charlemagne Magna MENA G GBP
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price11.718
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQEY
Charlemagne Magna MENA G USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price14.795
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKRLE
Charlemagne Magna MENA N EUR
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price27.386
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBL5
Charlemagne Magna MENA N GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price23.344
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBL4
Charlemagne Magna MENA N USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price29.474
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4K6
Charlemagne Magna MENA R EUR
Initial charge5%
Annual charge1.95%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.93%
Total expense ratio (TER)3.23%
Bid price-
Offer price-
Mid price26.408
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNBL6
Charlemagne Magna MENA R GBP
Initial charge5%
Annual charge1.95%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.93%
Total expense ratio (TER)3.23%
Bid price-
Offer price-
Mid price22.51
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN4K5
Charlemagne Magna MENA R USD
Initial charge5%
Annual charge1.95%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.93%
Total expense ratio (TER)3.23%
Bid price-
Offer price-
Mid price28.422
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNBL7
Data provided by

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