Fact sheet: IPConcept Silk Afric Lions

Fund information
Fund name
IPConcept Silk African Lions AR EUR
Fund manager company
IPConcept (Luxemburg) SA
Fund type
No data available.
Fund manager
  • Funmi Akinluyisince 30/06/2009
Fund objective
The Fund Invests in listed equities across the entire African continent. The successful African markets, as in Asia, are leading the industrialization of the region. At Silk Invest we believe that this new generation of nations will become the future lions. Our focus in these dominant markets is to invest in the stocks which will both outperform their local peers and become true leaders in their field.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-15.3%
1 Year rank in sector
251/258
Sector
FO Equity - Emerging Markets
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.
4.43%
Fund size
£30m
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.
94
Top in this sector
Fund name1 Year
GAM Star Nth of Sth EM Eq50%
Wells Fargo WW Emg Mkts Eq46%
Templeton BRIC45.2%
T. Rowe Price EmgMktsEq44.8%
Charlemagne Magna New Frontrs44.1%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa25.7%
    Nigeria16.8%
    Morocco15.2%
    Egypt14.2%
    Kenya13.6%
  • Banks26.6%
    Telecommunications Utilities23%
    Other Financial16.6%
    Consumer Staples10.8%
    Consumer Discretionary7.3%
  • African Equity51.4%
    South African Equities25.7%
    Egyptian Equity14.2%
    Middle East & African Equities5.1%
    Money Market3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%-0.1%-4.2%-15.3%-16.9%-
Sector1.1%11.2%12.4%14%-2.8%11.6%
Rank within sector49 / 264258 / 264253 / 260251 / 258190 / 207-
Quartile1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-9.1%-18.9%8.4%5.4%-
Sector13.6%-14.3%-1.4%-0.7%14.2%
Rank within sector251 / 259208 / 24343 / 21834 / 192-
Quartile4th4th1st1st
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.
-5.96
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.
0.44
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%.
12.53
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.
13.4
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.
-0.51
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.
0.25
Price movement
52 week high109.16
52 week low88.04
Current bid price-
Current offer price-
Current mid price90.47
Region
1South Africa25.68%
2Nigeria16.78%
3Morocco15.21%
4Egypt14.17%
5Kenya13.55%
6Senegal5.08%
7Money Market3.65%
8Mauritius3.58%
9Ghana1.74%
Industry sector
1Banks26.57%
2Telecommunications Utilities22.95%
3Other Financial16.61%
4Consumer Staples10.8%
5Consumer Discretionary7.33%
6Real Estate4.59%
7Industrials4.58%
8Money Market3.65%
9Materials2.91%
Asset type
1African Equity51.42%
2South African Equities25.68%
3Egyptian Equity14.17%
4Middle East & African Equities5.08%
5Money Market3.65%
Individual holdings
1SAFARICOM LTD5.72%
2EFG HERMES HLDGS5.08%
3SONATEL5.08%
4MAROC TELECOM4.93%
5DOUJA PROMOTION GRP ADDOHA MAROC4.59%
6EL SWEDY ELECTRIC CO4.58%
7COMMERCIAL INTL BANK(EGYPT)S.A.E4.51%
8WOOLWORTHS HLDGS4.12%
9FIRSTRAND4.01%
Management
Fund manager group
IP Concept (Luxemburg)
Fund manager company
IPConcept (Luxemburg) SA
Fund type
No data available.
Fund objective
The Fund Invests in listed equities across the entire African continent. The successful African markets, as in Asia, are leading the industrialization of the region. At Silk Invest we believe that this new generation of nations will become the future lions. Our focus in these dominant markets is to invest in the stocks which will both outperform their local peers and become true leaders in their field.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Funmi Akinluyi30/06/2009Lead manager of the Silk African Lions Fund Funmi oversees the listed equity investments in sub-Saharan Africa. Prior to joining Silk Invest, this she worked as Northern Trust & Barings Asset Management as a risk consultant. In this role she managed projects and conducted reviews of client requirements for guideline monitoring on existing accounts. She was also involved in testing and implementing a new risk management and compliance system. This involved conducting scenario analysis and stress testing as well as analysing credit exposure counterpart risk for exotic interest-rate derivatives. Funmi started her investment career at Citigroup Nigeria as an investment analyst. In this role she managed investment accounts for institutional high net worth clients, recommended investment instruments and conduct product research to assess clients needs. Previously, she was also the Head of Research and Business Development at Orwell international Nigeria. Orwell International is one of the leading oil and gas research companies in Nigeria. She originated, executed and closed mandates in the Nigerian oil and gas sector related to acid disposals and acquisitions. She also developed financial models and assisted new entrants into the Nigeria oil and gas sector with financial and market analysis. At IBTC Chartered Nigeria (currently Stanbic IBTC), she worked as a portfolio manager for the largest asset management firm in Nigeria. In this role she managed a series balanced and discretionary portfolios for the group’s institutional clients. Funmi has a BSc in Economies at University of Lagos and an MSc. in Financial Modelling, Portfolio Management, International Finance & Corporate Finance. She is also a CFA Level II Candidate. Funmi is a Nigerian national and is based in London.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
IPConcept Silk African Lions AI EUR
Initial charge5%
Annual charge-
Min single investment£5,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)3.16%
Total expense ratio (TER)3.1%
Bid price-
Offer price-
Mid price100.1
CurrencyEUR
Price updated23/01/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNLR0
IPConcept Silk African Lions AR EUR
Initial charge5%
Annual charge2.5%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)4.43%
Total expense ratio (TER)3.92%
Bid price-
Offer price-
Mid price90.47
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code106H
IPConcept Silk African Lions I EUR
Initial charge5%
Annual charge1.5%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.33%
Total expense ratio (TER)2.91%
Bid price-
Offer price-
Mid price110.54
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3D6
IPConcept Silk African Lions IC USD
Initial charge5%
Annual charge-
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK3S
IPConcept Silk African Lions IR EUR
Initial charge5%
Annual charge1.94%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.71
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8RJ
IPConcept Silk African Lions R EUR
Initial charge5%
Annual charge2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.96%
Total expense ratio (TER)3.39%
Bid price-
Offer price-
Mid price106.85
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3D5
IPConcept Silk African Lions R USD
Initial charge5%
Annual charge2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)4.14%
Total expense ratio (TER)3.27%
Bid price-
Offer price-
Mid price64.76
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHH2
Data provided by

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