Fact sheet: Comgest Gth EmMkt Flx

Fund information
Fund name
Comgest Growth Emerging Markets Flex R Acc EUR
Fund manager company
Comgest SA
Fund type
OEIC
Fund managers
  • Wojciech Stanislawskisince 24/09/2012
  • Alexandre Narbonisince 10/07/2012
  • Alexandre Narbonisince 24/09/2012
  • Wojciech Stanislawskisince 10/07/2012
  • Charles Bidermansince 10/07/2012
Fund objective
The investment objective of the CGEM Flex Fund is to achieve capital appreciation by creating a professionally managed portfolio primarily consisting of what, in the opinion of the Investment Manager, are high quality long-term growth companies based or operating in Emerging Markets. In addition, the CGEM Flex Fund will seek to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange traded equity index futures.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.5%
1 Year rank in sector
234/258
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.
2.14%
Fund size
£135m (£119m 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.
98
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs43.9%
GAM Star Nth of Sth EM Eq38.2%
HSBC GIFEconScaleIxGEMEq35.7%
Templeton BRIC31.8%
Schroder ISF QEP Gl Eg Mts31.3%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • China32.7%
    Brazil13.9%
    India13.9%
    South Africa9.9%
    Taiwan6.7%
  • Information Technology26.1%
    Financials18.9%
    Consumer Staples15.6%
    Telecommunications Utilities12%
    Industrials11.2%
  • Chinese Equities32.7%
    Brazilian Equities13.9%
    Indian Equities13.9%
    South African Equities9.9%
    Taiwanese Equities6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--2.4%4%-2.5%13.3%-
Sector-3%-4%6%6.2%-7.7%-0.3%
Rank within sector48 / 26371 / 266149 / 263234 / 25844 / 210-
Quartile1st2nd3rd4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-0.7%0.3%13.8%-1.3%-
Sector8.7%-14.3%-1.4%-0.7%14.2%
Rank within sector231 / 2588 / 2419 / 21595 / 189-
Quartile4th1st1st3rd
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.
5.94
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.
0.51
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.
0.09
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%.
10.49
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.
10.17
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.
0.72
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.
0.44
Price movement
52 week high11.77
52 week low10.32
Current bid price-
Current offer price-
Current mid price11.1
Region
1China32.68%
2Brazil13.94%
3India13.93%
4South Africa9.88%
5Taiwan6.74%
6Korea4.9%
7Hong Kong4.64%
8Mexico3.81%
9UK2.32%
Industry sector
1Information Technology26.11%
2Financials18.91%
3Consumer Staples15.63%
4Telecommunications Utilities12.03%
5Industrials11.17%
6Consumer Discretionary10.47%
7Utilities4.23%
8Energy1.45%
Asset type
1Chinese Equities32.68%
2Brazilian Equities13.94%
3Indian Equities13.93%
4South African Equities9.88%
5Taiwanese Equities6.74%
6South Korean Equities4.9%
7Hong Kong Equities4.64%
8Mexican Equities3.81%
9UK Equities2.32%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING6.42%
2NETEASE INC4.72%
3CHINA LIFE INSURANCE CO4.44%
4POWER GRID CORP OF INDIA4.05%
5POWER GRID CORP OF INDIA4.05%
6CHINA MOBILE LTD3.98%
Management
Fund manager group
Comgest
Fund manager company
Comgest SA
Fund type
OEIC
Fund objective
The investment objective of the CGEM Flex Fund is to achieve capital appreciation by creating a professionally managed portfolio primarily consisting of what, in the opinion of the Investment Manager, are high quality long-term growth companies based or operating in Emerging Markets. In addition, the CGEM Flex Fund will seek to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange traded equity index futures.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Wojciech Stanislawski24/09/2012Wojciech Stanislawski joined Comgest in 1999 as a member of Comgest’s Global Emerging Markets team and is today also a member of the Group’s Investment Executive and Management Committees. In 2000 he was named as co-lead Portfolio Manager of Comgest’s flagship Global Emerging Markets fundand today also co-leads a number of other strategies. In 2013 Wojciech was named Team Manager of the firm’s Global Emerging Markets equity investment team, responsible for the daily supervision and management of the Portfolio Managers and Analysts. He also maintains responsibility for a number of Global Emerging Markets segregated mandates. Wojciech graduated from the Panthéon-Assas University in Paris with a joint Master’s Degree in Business and Financial Management.
Alexandre Narboni10/07/2012Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in US equity.. With a background in mathematics and statistics, Alexandre has been instrumental toComgest’s Emerging Markets Flex strategy, the firm's first investment strategy to employ hedging techniques with the objective of reducing volatility during market drawdowns. Before joining Comgest, Alexandre worked in New York, firstly in asset-backed securities at Société Générale from 2005, then as a hedge fund Analyst at HSBC. After graduating from the National School of Statistics and Economic Administration (ENSAE) in Paris, he studied for one year at Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics..
Alexandre Narboni24/09/2012Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in US equity.. With a background in mathematics and statistics, Alexandre has been instrumental toComgest’s Emerging Markets Flex strategy, the firm's first investment strategy to employ hedging techniques with the objective of reducing volatility during market drawdowns. Before joining Comgest, Alexandre worked in New York, firstly in asset-backed securities at Société Générale from 2005, then as a hedge fund Analyst at HSBC. After graduating from the National School of Statistics and Economic Administration (ENSAE) in Paris, he studied for one year at Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics..
Wojciech Stanislawski10/07/2012Wojciech Stanislawski joined Comgest in 1999 as a member of Comgest’s Global Emerging Markets team and is today also a member of the Group’s Investment Executive and Management Committees. In 2000 he was named as co-lead Portfolio Manager of Comgest’s flagship Global Emerging Markets fundand today also co-leads a number of other strategies. In 2013 Wojciech was named Team Manager of the firm’s Global Emerging Markets equity investment team, responsible for the daily supervision and management of the Portfolio Managers and Analysts. He also maintains responsibility for a number of Global Emerging Markets segregated mandates. Wojciech graduated from the Panthéon-Assas University in Paris with a joint Master’s Degree in Business and Financial Management.
Charles Biderman10/07/2012Charles Biderman joined Comgest in 2006 and is a Portfolio Manager and Analyst specialising in Global Emerging Markets equities, notably the Latin America region. He contributes strongly to idea generation and has co-led the management of the firm’s Latin American equity strategy since the product’s inception in 2009. Charles also manages a number of Global Emerging Markets segregated mandates. Charles completed a Master’s degree in Engineering at the Institut National des Télécommunications in France where he majored in Finance and undertook part of his studies in Buenos Aires, Argentina.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Sweden
Comgest Growth Emerging Markets Flex I Acc EUR
Initial charge-
Annual charge1.1%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.99
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGFXH
Comgest Growth Emerging Markets Flex R Acc EUR
Initial charge2%
Annual charge2.2%
Min single investment£10
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.1
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSIW
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