Fact sheet: Duet Emg Eur

Fund information
Fund name
Duet Emerging Europe Select Institutional USD
Fund manager company
Duet Asset Management Limited
Fund type
OEIC
Fund manager
  • Michel Danechisince 11/08/2015
Fund objective
The objective of the Fund is to invest in a small number of high conviction ideas (30-40) with a view to exploit opportunities where the investment advisor believes there exists significant mispricing of the financial asset by the market at any given point in time which is likely to be corrected through.
Benchmark
  • MSCI Emerging Europe
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
5.2%
1 Year rank in sector
21/33
Sector
FO Equity - Emerging Europe
Yield
-
Fund size
£0m
Top in this sector
Fund name1 Year
Baring Eastern Eur35.4%
JGF-Jupiter New Europe35.1%
Pictet Emerging Europe34.5%
Renasset Eastern European27.2%
Charlemagne Magna Eastn Eurpn26.6%
...more in FO Equity - Emerging Europe

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%0.9%2.3%5.2%--
Sector-0.6%3.9%8.7%6.5%-15.8%-5.4%
Rank within sector20 / 3324 / 3327 / 3321 / 33--
Quartile3rd3rd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.2%----
Sector14%-3.1%-22%-2.2%20%
Rank within sector25 / 33----
Quartile4th
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.
-
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.
-
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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high112.28
52 week low80.19
Current bid price-
Current offer price-
Current mid price109.42
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Duet Asset Management Limited
Fund type
OEIC
Fund objective
The objective of the Fund is to invest in a small number of high conviction ideas (30-40) with a view to exploit opportunities where the investment advisor believes there exists significant mispricing of the financial asset by the market at any given point in time which is likely to be corrected through.
Benchmark
  • MSCI Emerging Europe
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Michel Danechi11/08/2015Michel Danechi joined Duet in June 2015, and is the Portfolio Manager of the Duet Emerging Europe Fund. He has traded Emerging Markets for over 20 years, having navigated the trading environment in the European Emerging Markets since 1994. Michel began his career in 1986 trading Japanese warrants and convertibles. Previous to joining Duet, Michel worked at Armajaro Asset Management LLP (AAM) from January 2009. Michel has established a comprehensive network of relationships throughout the region. Prior to joining Armajaro, Michel was hired by Lehman Brothers International (Europe) in London to build and head up the Emerging Markets equities team. The team managed the bank’s equity derivatives and cash portfolio, mainly in Russia, Greece, South Africa, Israel, Middle East, Czech Republic, Poland, Hungary and Turkey. Under his leadership, Lehman emerged with a strong presence in Emerging Markets. Before joining Lehman Brothers International (Europe), Michel was Head of the London Office and Head of EMEA Equity Trading at CA-IB International Markets Ltd (part of Unicredit), responsible for pricing and structuring EMEA equity derivative products. In addition, Michel successfully managed and traded the firm’s proprietary book. Michel managed the European Emerging Markets Equity Derivatives desk at Citibank before joining CA-IB. Michel has a tangible track record of outperformance. He has a Masters in Business Administration from the London Business School and a BSc (Hons) in Economics from the London School of Economics and Political Science
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Finland, United Kingdom, Ireland, Italy, Offshore, Sweden
Duet Emerging Europe Select Institutional USD
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.42
CurrencyUSX
Price updated25/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN88Q
Data provided by

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