Fact sheet: FL Fid Emg EMEA EurME & AfrAP

Fund information
Fund name
FL Fidelity Emerging EMEA Europe Middle East and Africa AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Nick Pricesince 14/01/2008
Underlying fund
Fidelity EmEur Md Et Af
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The policy is to invest primarily in the shares of companies having their head office or a main part of their activity in the less developed countries of Central, Eastern and Southern Europe (including Russia), the Middle East and Africa including countries which are considered emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The manager can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile and may also make extensive use of derivatives including more complex instruments or strategies to achieve the objective.
Benchmark
  • MSCI Emerging Markets EMEA Index Capped 5%
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
57.9%
1 Year rank in sector
55/267
Sector
PN Global Emerging Markets
Yield
-
Fund size
£1m (£1m 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.
147
Top in this sector
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OMW IPL IFDSHdsnRwFTSERAFIEMPn82.4%
AXA Wealth Aber LatAm Eq Pn80%
Zurich Jupiter Emg Eurp Opp Pn72.7%
Canlife Jup Emg Eurpn Opps Pn72.3%
NFU Mutual MangPlGblEmgMktPn72.3%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa45%
    Russia32.2%
    Netherlands3.1%
    United Arab Emirates3.1%
    Israel2.8%
  • Financials30.4%
    Consumer Discretionary23.8%
    Consumer Staples13.8%
    Materials13.2%
    Energy7.7%
  • South African Equities45%
    Russian Equities32.2%
    Dutch Equities3.1%
    Emirian Equities3.1%
    Israeli Equities2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.7%7.9%16.3%57.9%26.2%56.4%
Sector6.3%-0.1%12.4%47.2%31%35.4%
Rank within sector111 / 27615 / 27359 / 27255 / 267165 / 22933 / 189
Quartile2nd1st1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund4%36.4%-10.1%-1.5%6.6%
Sector4.3%31.9%-8.5%3%-3.4%
Rank within sector202 / 27676 / 267124 / 255179 / 22826 / 209
Quartile3rd2nd2nd4th1st
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.
-0.07
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.
0.9
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.
0.18
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%.
16.62
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.
8.2
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.
-0.12
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.
0.77
Price movement
52 week high425.4
52 week low269
Current bid price-
Current offer price-
Current mid price428.8
Region
1South Africa44.99%
2Russia32.24%
3Netherlands3.1%
4United Arab Emirates3.05%
5Israel2.84%
6Money Market2.63%
7Nigeria2.58%
8Poland2.03%
9Others1.9%
Industry sector
1Financials30.45%
2Consumer Discretionary23.78%
3Consumer Staples13.77%
4Materials13.18%
5Energy7.74%
6Information Technology6.67%
7Money Market2.63%
8Health Care0.89%
9Industrials0.89%
Asset type
1South African Equities44.99%
2Russian Equities32.24%
3Dutch Equities3.1%
4Emirian Equities3.05%
5Israeli Equities2.84%
6Money Market2.63%
7African Equity2.58%
8Polish Equities2.03%
9International Equities1.9%
Individual holdings
1SBERBANK OF RUSSIA8.83%
2NASPERS8.16%
3STEINHOFF INTERNATIONAL HLDGS7.77%
4DISCOVERY LTD7.29%
5LUKOIL PJSC4.75%
6MAGNITOGORSK IRON & STEEL WORKS3.84%
7MAIL.RU GROUP LTD3.83%
8BID CORPORATION LTD3.82%
9NOVOLIPETSK IRON AND STEEL CORP3.32%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The policy is to invest primarily in the shares of companies having their head office or a main part of their activity in the less developed countries of Central, Eastern and Southern Europe (including Russia), the Middle East and Africa including countries which are considered emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The manager can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile and may also make extensive use of derivatives including more complex instruments or strategies to achieve the objective.
Benchmark
  • MSCI Emerging Markets EMEA Index Capped 5%
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Nick Price14/01/2008Nick Price is Fidelitys primary Global Emerging Market (GEM) and Emerging EMEA equity portfolio manager. He joined Fidelity in January 1998 as a research analyst before being selected as the assistant portfolio manager for Fidelitys flagship European Growth Fund in 2004. He launched the teams first EMEA portfolio in late 2005 and was later appointed to manage Fidelitys GEM strategies in mid 2009. Before joining Fidelity, Nick worked for a variety of investment banks in London and prior to that, worked as a Senior Auditor for PriceWaterhouse in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal, is a Member of the South African Institute of Chartered Accountants and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity Emerging EMEA Europe Middle East and Africa AP
Initial charge-
Annual charge0.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price428.8
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBVG1
FL Fidelity Emerging EMEA Europe Middle East and Africa AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price340.6
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCPB5
Data provided by

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