Fact sheet: FL JPM Emerging Europe Equity EP

Fund information
Fund name
FL JPM Emerging Europe Equity EP S3
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Oleg Biryulyovsince 31/05/2002
  • EMEA Equity Teamsince 01/01/2016
Underlying fund
JPM EmEurEq
Fund objective
To provide long-term capital growth by investing primarily in Equity and Equity-Linked Securities of companies in European Emerging Markets countries, including Russia ("Emerging Europe Countries"). The Fund will invest in companies that are incorporated under the laws of, and have their registered office in Emerging Europe Countries, or that derive the predominant part of their economic activity from Emerging Europe Countries, even if listed elsewhere. The Fund will have exposure to smaller companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate.
Benchmark
  • MSCI Emerging Markets Europe Index (Net)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
63.8%
1 Year rank in sector
34/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£0m (£0m 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.
148
Bid price
187.9
Offer price
187.9
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn86.2%
OMW IPL IFDSHdsnRwFTSERAFIEMPn81.3%
OMW Baring Eastern Europe75.6%
SIP Jup Emg Eurpn Opps Pn75.2%
L&G Jupiter EmgEuro Opp Pn73.4%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Russia62.1%
    Turkey9.2%
    Poland9.1%
    Hungary6%
    Money Market2.9%
  • Financials36.7%
    Energy32.5%
    Consumer Staples9.6%
    Materials8.5%
    Information Technology3.8%
  • Russian Equities62.1%
    Turkish Equities9.2%
    Polish Equities9.1%
    Hungarian Equities6%
    European Emerging Equities3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%6.1%22%63.8%6.3%12.6%
Sector4.9%-3.2%9.1%47.5%31.4%29.6%
Rank within sector264 / 2755 / 2725 / 27134 / 266210 / 228160 / 189
Quartile4th1st1st1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-0.6%53.2%-5.1%-29.7%-1.6%
Sector2.7%31.9%-8.5%3%-3.4%
Rank within sector271 / 27513 / 26659 / 254225 / 22748 / 208
Quartile4th1st1st4th1st
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.
-5.12
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.
0.93
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%.
19.92
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.
13.13
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.
-0.48
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.
0.56
Price movement
52 week high194.7
52 week low110.4
Current bid price187.9
Current offer price187.9
Current mid price-
Region
1Russia62.1%
2Turkey9.2%
3Poland9.1%
4Hungary6%
5Money Market2.9%
6UK2.2%
7Ukraine1.8%
8Czech Republic1.7%
9Austria1.5%
Industry sector
1Financials36.7%
2Energy32.5%
3Consumer Staples9.6%
4Materials8.5%
5Information Technology3.8%
6Consumer Discretionary3.1%
7Money Market2.9%
8Industrials1.3%
9Real Estate0.8%
Asset type
1Russian Equities62.1%
2Turkish Equities9.2%
3Polish Equities9.1%
4Hungarian Equities6%
5European Emerging Equities3.8%
6Money Market2.9%
7UK Equities2.2%
8Czech Republic Equities1.7%
9Austrian Equities1.5%
Individual holdings
1GAZPROM OAO9.9%
2SBERBANK OF RUSSIA9.8%
3LUKOIL OAO8.2%
4MAGNIT PJSC6.1%
5NOVATEK PAO5.7%
6OTP BANK4.1%
7MMC NORILSK NICKEL PJSC4%
8ROSNEFT OIL CO3.9%
9POWSZECHNY ZAKLAD UBEZPIECZEN SA2.9%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
To provide long-term capital growth by investing primarily in Equity and Equity-Linked Securities of companies in European Emerging Markets countries, including Russia ("Emerging Europe Countries"). The Fund will invest in companies that are incorporated under the laws of, and have their registered office in Emerging Europe Countries, or that derive the predominant part of their economic activity from Emerging Europe Countries, even if listed elsewhere. The Fund will have exposure to smaller companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate.
Benchmark
  • MSCI Emerging Markets Europe Index (Net)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Oleg Biryulyov31/05/2002Oleg Biryulyov, managing director, is a regional portfolio manager and the head of the Emerging Europe, Middle East and Africa Group, with a specialisation in Russia and Eastern Europe, within the Emerging Markets and Asia Pacific Equities Team based in London. An employee since 1994, Oleg was previously a portfolio manager for Flemings Urals Regional Venture Fund. Prior to this, he was an investment analyst. Oleg obtained a degree in economics from Moscow State University, Lomonosov. He is a holder of the CFA designation.
EMEA Equity Team01/01/2016
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL JPM Emerging Europe Equity EP S3
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price187.9
Offer price187.9
Mid price-
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRR9
Data provided by

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