Fact sheet: EFG Hermes Middle East & Dev Africa

Fund information
Fund name
EFG Hermes Middle East & Developing Africa
Fund manager company
EFG Hermes
Fund type
No data available.
Fund managers
  • Karim Nehmasince 29/02/2004
  • Sheriff EI Haddadsince 01/03/2013
Fund objective
Long-term capital appreciation through investing in Middle East and North African equities and equity related securities.
Benchmark
  • MSCI Arabian Markets Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
7.9%
1 Year rank in sector
9/13
Sector
FO Equity - MENA
Yield
-
Fund size
£61m
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.
131
Top in this sector
Fund name1 Year
Lazard Mena24.1%
Charlemagne Magna MENA22.5%
Baring MENA19.5%
T. Rowe Price MEast& Africa Eq17.9%
IPConcept Silk Road Frontier11.6%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • United Arab Emirates27%
    Saudi Arabia26%
    Kuwait20%
    Qatar9%
    Egypt6%
  • Banks22%
    Real Estate21%
    Healthcare & Medical Products13%
    Transport13%
    Consumer Services9%
  • Emirian Equities27%
    Saudi Arabian Equities26%
    Kuwaiti Equities20%
    Middle East & African Equities9%
    Qatari Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.1%7.2%14.7%7.9%-1.7%66%
Sector1.2%3.1%11%11.2%-8%33.6%
Rank within sector1 / 131 / 133 / 139 / 135 / 133 / 11
Quartile1st1st1st3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.9%-2.2%-10%20.4%45.1%
Sector5.7%5.1%-15%12.2%20.2%
Rank within sector7 / 1310 / 133 / 133 / 121 / 11
Quartile3rd4th1st1st1st
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.
1.62
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.
1.08
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%.
16.83
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.
9.16
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.
0.1
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.
0.71
Price movement
52 week high33.11
52 week low27.95
Current bid price-
Current offer price-
Current mid price33.11
Region
1United Arab Emirates27%
2Saudi Arabia26%
3Kuwait20%
4Qatar9%
5Egypt6%
6Lebanon6%
7Jordan3%
8Money Market3%
Industry sector
1Banks22%
2Real Estate21%
3Healthcare & Medical Products13%
4Transport13%
5Consumer Services9%
6Food, Beverages and Tobacco7%
7Materials6%
8Insurance3%
9Money Market3%
Asset type
1Emirian Equities27%
2Saudi Arabian Equities26%
3Kuwaiti Equities20%
4Middle East & African Equities9%
5Qatari Equities9%
6Egyptian Equity6%
7Money Market3%
Individual holdings
1COMCAST, SPECIAL CLASS A10.4%
2HUMAN SOFT HOLDING CO.8%
3NMC HEALTH PLC8%
4MABANEE CO7.3%
5BLOM BANK SAL6.2%
Management
Fund manager group
EFG Hermes
Fund manager company
EFG Hermes
Fund type
No data available.
Fund objective
Long-term capital appreciation through investing in Middle East and North African equities and equity related securities.
Benchmark
  • MSCI Arabian Markets Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Karim Nehma29/02/2004Karim is the Fund Manager of The EFG-Hermes MEDA Fund, which has been rated as one of the best performing emerging markets funds over the last two years. He joined the Regional Asset Management division in 2004 where he participated in the structuring of several regional products, and worked extensively on the regional equity valuations. Prior to joining EFG-Hermes, Karim held a position of Senior Financial Analyst at the research department of one of the leading brokerage firms in Egypt. Karim is a graduate of the American University in Cairo where he majored in accounting.
Sheriff EI Haddad01/03/2013Sherif El Haddad joined EFG Hermes Asset Management in August 2004 and has been an integral part of the regional investment team. Sherif is the portfolio manager for the flagship Middle East and Developing Africa fund. He also manages a number of segregated mandates which has similar regional focus and common investment strategy. Apart from the investment management role, Sherif is also jointly responsible for overseeing the buy side research efforts and is an active member of the investment Committee. Mr. El Haddad holds a Bachelor degree in Accounting from the American University in Cairo.  He completed the Investment Banking Course of Euromoney, DC Gardner. Years with EFG Hermes: 10 Years
Compliance
Reporting Fund Status, UCIS
Domicile
No data available.
Fund for sale in
Bermuda, United Kingdom, Offshore, Singapore, United Arab Emirates
EFG Hermes Middle East & Developing Africa
Initial charge-
Annual charge1.4%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price33.11
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHD48
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.