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
This fund provide long term capital appreciation through investing in listed 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
-9%
1 Year rank in sector
14/14
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.
136
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 Arabia38%
    Kuwait17%
    United Arab Emirates14%
    Turkey12%
    Egypt10%
  • Food, Beverages and Tobacco16%
    Real Estate12%
    Consumer Services11%
    Banks10%
    Healthcare & Medical Products10%
  • Saudi Arabian Equities38%
    Kuwaiti Equities17%
    Emirian Equities14%
    Turkish Equities12%
    Egyptian Equity10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%-1.6%-3.2%-9%8.6%70.4%
Sector4.3%1.7%1.3%2.7%-0.4%33.2%
Rank within sector6 / 1311 / 1410 / 1414 / 144 / 132 / 12
Quartile2nd4th3rd4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund-5.3%-10%20.4%45.1%14.3%
Sector2.4%-15%12.2%20.2%14.2%
Rank within sector12 / 142 / 142 / 131 / 127 / 12
Quartile4th1st1st1st3rd
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.
3.98
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.
1.12
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%.
17.52
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.
9.5
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.
0.35
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 high32.04
52 week low26.26
Current bid price-
Current offer price-
Current mid price29.73
Region
1Saudi Arabia38%
2Kuwait17%
3United Arab Emirates14%
4Turkey12%
5Egypt10%
6Qatar6%
7Money Market3%
Industry sector
1Food, Beverages and Tobacco16%
2Real Estate12%
3Consumer Services11%
4Banks10%
5Healthcare & Medical Products10%
6Insurance10%
7Capital Goods8%
8Transport7%
9Food & Drug Retailers6%
Asset type
1Saudi Arabian Equities38%
2Kuwaiti Equities17%
3Emirian Equities14%
4Turkish Equities12%
5Egyptian Equity10%
6Qatari Equities6%
7Money Market3%
Individual holdings
1MEZZAN HLDG CO KSCC8.6%
2SAUDI MARKETING COMPANY5.9%
3KUWAIT FOOD CO5.5%
4BUPA ARABIA FOR COOPERATIVE INS5.3%
5CO FOR COOPERATIVE INSURANCE5%
Management
Fund manager group
EFG Hermes
Fund manager company
EFG Hermes
Fund type
No data available.
Fund objective
This fund provide long term capital appreciation through investing in listed 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)1.62%
Bid price-
Offer price-
Mid price29.73
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHD48
Data provided by

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