Fact sheet: Franklin MENA

Fund information
Fund name
Franklin MENA A Acc USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Bassel Khatounsince 15/06/2008
  • Purav Jhaverisince 15/06/2008
  • Stephen Doversince 15/06/2008
  • Salah Shammasince 15/06/2008
Fund objective
The Fund aims to achieve long-term capital appreciation by investing primarily in equity securities of companies across the entire market capitalisation spectrum in the Middle East and North Africa (MENA) region, including, but not limited to Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
Benchmark
  • S&P Pan Arab Composite Large Mid Cap KSA Capped at 30 percent
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-8.9%
1 Year rank in sector
12/14
Sector
FO Equity - MENA
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.55%
Fund size
£86m (£158m 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.
127
Top in this sector
Fund name1 Year
Baring MENA8.9%
EFG Hermes Egypt6.7%
Charlemagne Magna MENA6.4%
Lazard Mena6%
Schroder ISF Mid East-0.8%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Saudi Arabia27.7%
    United Arab Emirates26.4%
    Egypt17.4%
    Kuwait10.2%
    Qatar9.2%
  • Financials37.1%
    Industrials12.5%
    Consumer Discretionary10.9%
    Consumer Staples9.7%
    Real Estate8.3%
  • Saudi Arabian Equities27.7%
    Emirian Equities26.4%
    Egyptian Equity17.4%
    Kuwaiti Equities10.2%
    Qatari Equities9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%-0.4%-1.7%-8.9%-8.6%28.1%
Sector0.4%0.7%1.4%-1.7%-2.7%31.8%
Rank within sector5 / 138 / 148 / 1412 / 148 / 138 / 12
Quartile2nd3rd3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-9.5%-11%9.1%34%8.1%
Sector0.7%-15%12.2%20.2%14.2%
Rank within sector14 / 144 / 149 / 133 / 1210 / 12
Quartile4th2nd3rd1st4th
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.
-1.24
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.
1.2
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%.
17.38
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.
7.55
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.
-0.25
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.
0.84
Price movement
52 week high5.9
52 week low4.8
Current bid price-
Current offer price-
Current mid price5.33
Region
1Saudi Arabia27.68%
2United Arab Emirates26.37%
3Egypt17.38%
4Kuwait10.18%
5Qatar9.2%
6Money Market4.78%
7Oman4.41%
Industry sector
1Financials37.07%
2Industrials12.51%
3Consumer Discretionary10.92%
4Consumer Staples9.65%
5Real Estate8.32%
6Telecommunications Utilities5.85%
7Cash & Cash Equivalents4.78%
8Energy3.25%
9Health Care3.19%
Asset type
1Saudi Arabian Equities27.68%
2Emirian Equities26.37%
3Egyptian Equity17.38%
4Kuwaiti Equities10.18%
5Qatari Equities9.2%
6Money Market4.78%
7Omani Equities4.41%
Individual holdings
1COMMERCIAL INTL BANK(EGYPT)S.A.E6.24%
2QATAR NATIONAL BANK3.96%
3FAWAZ ABDULAZIZ ALHOKAIR & CO3.93%
4SAUDI COMPANY FOR HARDWARE3.52%
5NATIONAL BANK OF KUWAIT3.51%
6AL TAYYAR TRAVEL GROUP3.48%
7EMAAR PROPERTIES3.31%
8SAMBA FINANCIAL GROUP3.27%
9NMC HEALTH PLC3.19%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve long-term capital appreciation by investing primarily in equity securities of companies across the entire market capitalisation spectrum in the Middle East and North Africa (MENA) region, including, but not limited to Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
Benchmark
  • S&P Pan Arab Composite Large Mid Cap KSA Capped at 30 percent
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Bassel Khatoun15/06/2008Mr. Bassel Khatoun serves as Portfolio Manager at Franklin Templeton International Trust - Franklin World Perspectives Fund. Mr. Khatoun serves as Co-Head of MENA Equity and Portfolio Manager at Franklin Templeton Investments (Middle East) Limited. Mr. Khatoun was employed in the Investment Banking Division at Citigroup, which he joined in 2002 and has been involved in the origination and execution of mergers and acquisitions, debt and equity mandates across the European financial institutions sector. He has over seven years of relevant financial experience. Mr. Khatoun received a B.A. degree in Philosophy, Politics, and Economics from Oxford University (1st Class Honours).
Purav Jhaveri15/06/2008Purav A. Jhaveri is a senior vice president and investment strategist/portfolio manager in Franklin Templeton's Local Asset Management group. He is responsible for supporting the investment functions of the locally managed and distributed products globally. Local asset management refers to the strategic investments that Franklin Templeton has made in local asset management companies around the world in order to leverage the expertise of well-qualified investment and financial services professionals who have first-hand knowledge of their domestic markets. Today, the company has locally managed and distributed products in Brazil, Canada, China, India, Japan, Korea and the United Arab Emirates (UAE).Mr. Jhaveri has been in the investment industry since 1994. Prior to serving in his current role, Mr. Jhaveri was a portfolio manager with Franklin Templeton's local asset management group in Mumbai, India and a research analyst with the Templeton Emerging Markets Group in Mumbai, India. Prior to joining Franklin Templeton, he was an investment advisor and research analyst at ANZ Grindlays Bank. He was previously with Unit Trust of India as a research analyst.Mr. Jhaveri has an M.B.A. from Wharton School of the University of Pennsylvania. He earned his master's in management from Narsee Monjee Institute of Management Studies, University of Bombay and his bachelor of commerce degree from Jaihind College, University of Bombay. Mr. Jhaveri has a Financial Risk Manager (FRM) certification from Global Association of Risk Professionals. He is a Chartered Financial Analyst (CFA) Charterholder.
Stephen Dover15/06/2008Stephen H. Dover, CFA, is the senior vice president/managing director, international chief investment officer of Franklin Templeton Advisors. He is responsible for overseeing the investment functions of the locally managed and distributed products in South Korea, Brazil, China and India. In his capacity of overseeing the investment areas of local asset management companies, Mr. Dover has managed investment groups in: South Korea, China, Taiwan, Japan, France, Italy, Hong Kong, Singapore, India, South Africa and Brazil. Prior to serving in his current role, Mr. Dover was a founder and chief investment officer of Bradesco Templeton Asset Management (BTAM), a joint venture with Brazil's largest private bank, in Sao Paulo, Brazil. Under Mr. Dover's direction, BTAM became the largest joint-venture asset management company in Brazil. While at BTAM, Mr. Dover specialized in the management of corporate governance funds. Prior to joining Franklin Templeton Investments, Mr. Dover was a portfolio manager and principal at Newell Associates in Palo Alto, CA where he co-managed retail and institutional equity assets. Previously, Mr. Dover worked for Towers Perrin Consulting in New York, London and San Francisco. Mr. Dover is a member of the Board of Directors of a non-profit development bank focusing on micro-loans in Central America. Mr. Dover is also on the Board of Trustees of Lewis and Clark College and Law School in Portland, OR. Mr. Dover earned a B.A. in communications and business administration from Lewis and Clark College in Portland, OR and a M.B.A. in finance from The Wharton School of Business at the University of Pennsylvania. He is a Chartered Financial Analyst (CFA) Charterholder as well as a Certified Financial Planner (CFP). Mr. Dover has lived in China, Costa Rica, England, Brazil and the United States.
Salah Shamma15/06/2008Mr. Salah Shamma is Co-Head of MENA Equity at Franklin Templeton Investments (Middle East) Limited. Mr. Shamma portfolio manager at Franklin Templeton International Trust - Franklin World Perspectives Fund. Previously, Mr. Shamma was employed in the Debt Asset Management department at Shuaa Capital in Dubai. Mr. Shamma co-managed the first Arab fixed income fund (TAIF) and was actively involved in the Franklin Templeton Investments' capital markets dealings. He has over seven years of relevant experience in regional asset management. Mr. Shamma holds a Bachelor of Business Administration from the American University of Beirut.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Ireland, Italy, Jersey, Republic Of Korea, Lithuania, Luxembourg, Latvia, Macau, Mauritius, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden, South Africa
Franklin MENA A Acc EUR
Initial charge5.75%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.56%
Bid price-
Offer price-
Mid price4.96
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRJ9
Franklin MENA A Acc USD
Initial charge5.75%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.55%
Total expense ratio (TER)2.56%
Bid price-
Offer price-
Mid price5.33
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRJ8
Franklin MENA A H1 Acc EUR
Initial charge5.75%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.59%
Total expense ratio (TER)2.57%
Bid price-
Offer price-
Mid price3.17
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRK0
Franklin MENA A YDis USD
Initial charge5.75%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.57%
Total expense ratio (TER)2.57%
Bid price-
Offer price-
Mid price5.66
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeD8G5
Franklin MENA B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)3.86%
Total expense ratio (TER)3.87%
Bid price-
Offer price-
Mid price4.76
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRK1
Franklin MENA I Acc EUR
Initial charge-
Annual charge1.05%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price5.49
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCRK4
Franklin MENA I Acc USD
Initial charge-
Annual charge1.05%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price5.84
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCRK3
Franklin MENA N Acc USD
Initial charge3%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)3.05%
Total expense ratio (TER)3.06%
Bid price-
Offer price-
Mid price5.11
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRK7
Franklin MENA N H1 Acc EUR
Initial charge3%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)3.08%
Total expense ratio (TER)3.07%
Bid price-
Offer price-
Mid price3.04
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCRK6
Franklin MENA W Acc EUR
Initial charge-
Annual charge1.15%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price9.63
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK7R
Franklin MENA W QDis USD
Initial charge-
Annual charge1.15%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price9.92
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEAMC
Data provided by

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