Fact sheet: IPConcept Silk Road Frontier

Fund information
Fund name
IPConcept Silk Road Frontiers R USD
Fund manager company
IPConcept (Luxemburg) SA
Fund type
No data available.
Fund manager
  • Hesham Saadsince 28/10/2010
Fund objective
The fund invests in listed equities across the frontier markets, predominantly in the Middle East, North Africa (MENA), Sub Saharan Africa (SSA) and the Caspian. These are effectively off benchmark emerging markets. We identify and act upon opportunities in these local markets. The stocks we choose capture the upside of economic development in these countries.
Benchmark
  • MSCI Frontier Markets
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-3.3%
1 Year rank in sector
11/14
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.
4.34%
Fund size
£8m
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.
91
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

  • Pakistan13.7%
    Argentina11.2%
    Kenya10.8%
    Nigeria10%
    Morocco9.1%
  • Banks35.6%
    Telecommunications Utilities12.1%
    Materials10.3%
    Consumer Discretionary7.8%
    Money Market7.3%
  • African Equity36.1%
    Asia Pacific Emerging Equities13.7%
    American Emerging Equities11.2%
    Asia Pacific Equities8%
    Money Market7.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-0.9%-3.5%-3.3%-20.1%-3.1%
Sector4.3%1.7%1.3%2.7%-0.4%33.2%
Rank within sector11 / 139 / 1412 / 1411 / 1413 / 1311 / 12
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.4%-16.7%-2.2%13.8%8.6%
Sector2.4%-15%12.2%20.2%14.2%
Rank within sector10 / 148 / 1413 / 1310 / 129 / 12
Quartile3rd3rd4th4th3rd
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.
-7.18
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.
0.66
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%.
9.86
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.
6.42
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.
-1.05
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.
0.79
Price movement
52 week high79.15
52 week low70.55
Current bid price-
Current offer price-
Current mid price74.67
Region
1Pakistan13.71%
2Argentina11.21%
3Kenya10.82%
4Nigeria10.02%
5Morocco9.05%
6Bangladesh7.98%
7Money Market7.31%
8United Arab Emirates7.29%
9Egypt6.82%
Industry sector
1Banks35.64%
2Telecommunications Utilities12.14%
3Materials10.28%
4Consumer Discretionary7.84%
5Money Market7.31%
6Industrials6.86%
7Real Estate6.31%
8Consumer Staples5.73%
9Financials4.64%
Asset type
1African Equity36.1%
2Asia Pacific Emerging Equities13.71%
3American Emerging Equities11.21%
4Asia Pacific Equities7.98%
5Money Market7.31%
6Emirian Equities7.29%
7Egyptian Equity6.82%
8Saudi Arabian Equities6.24%
9Middle East & African Equities1.92%
Individual holdings
1UNITED BANK LTD5.03%
2ECOBANK GHANA4.81%
3D.G.KHAN CEMENT CO4.29%
4DANGOTE CEMENT PLC3.88%
5GUARANTY TRUST BANK NGN0.503.57%
6ADECOAGRO SA3.35%
7EMAAR PROPERTIES3.34%
8GRUPO FINANCIERO GALICIA SA3.25%
9SQUARE PHARMACEUTICAL3.25%
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 frontier markets, predominantly in the Middle East, North Africa (MENA), Sub Saharan Africa (SSA) and the Caspian. These are effectively off benchmark emerging markets. We identify and act upon opportunities in these local markets. The stocks we choose capture the upside of economic development in these countries.
Benchmark
  • MSCI Frontier Markets
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Hesham Saad28/10/2010Lead manager of the Silk Arab Falcons Fund and the Silk Road Frontier Fund Hesham oversees the listed equity investments in the Middle East, North Africa and the Asian Frontier markets. Prior to joining Silk Invests, he worked at NAEEM, Cairo-based portfolio management company where he managed assets in excess of US$400 million across a number of MENA equity strategies. Hesham started his investment career at Arab Bank P.L.C. Where he advised clients on a range of financial products including investments. His main focus was on servicing Egyptian-based small and medium size enterprises. He was also a portfolio officer at Egyptians abroad for investment and development, Where he was part of the investment team that focused on on a wide range of financial instruments. He also contributed to investment decisions implicit securities as well as direct investments. He has a degree of Bachelor of Commerce and Business Administration at the Ain Shams University in Cairo and is a CFA Level III Candidate. Hesham is an Egyptian national and is based in Cairo.
Compliance
UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, Spain, United Kingdom, Luxembourg, Netherlands, Norway, Offshore
IPConcept Silk Road Frontiers I EUR
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.72%
Total expense ratio (TER)3.75%
Bid price-
Offer price-
Mid price94.58
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMHI8
IPConcept Silk Road Frontiers I USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.95%
Total expense ratio (TER)3.72%
Bid price-
Offer price-
Mid price80.05
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMHI7
IPConcept Silk Road Frontiers R EUR
Initial charge5%
Annual charge2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)4.34%
Total expense ratio (TER)4.23%
Bid price-
Offer price-
Mid price92.85
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHI6
IPConcept Silk Road Frontiers R USD
Initial charge5%
Annual charge2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)4.34%
Total expense ratio (TER)4.32%
Bid price-
Offer price-
Mid price74.67
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHI5
Data provided by

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