Fact sheet: JB Mltsck Afr Fcs

Fund information
Fund name
JB Multistock Africa Focus A EUR
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Tommaso Bonanatasince 01/05/2009
  • Benli Erdincsince 29/11/2013
Fund objective
The fund aims to provide long-term capital growth by investing in stocks of African companies. The active investment approach includes a bottom-up stock selection based on in-depth company analysis and top-down portfolio construction taking into consideration a sector's attractiveness and broader macro trends. The fund is suitable for long-term oriented investors who wish to participate in an active, unconstrained investment strategy.
Benchmark
  • DJ Africa Titans 50 Total Return Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
0.8%
1 Year rank in sector
2/14
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.
2.11%
Fund size
£15m (£19m 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.
119
Top in this sector
Fund name1 Year
Baring MENA9.6%
JB Mltsck Afr Fcs0.8%
Charlemagne Magna MENA-1.3%
Schroder ISF Mid East-1.4%
T. Rowe Price MEast& Africa Eq-5%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Egypt29.6%
    South Africa20.4%
    Africa12.6%
    Money Market11.1%
    Nigeria9.3%
  • Financials36.7%
    Materials17.4%
    Consumer Discretionary11.2%
    Money Market11.1%
    Energy8.6%
  • Egyptian Equity29.6%
    African Equity22.9%
    South African Equities20.4%
    Middle East & African Equities12.6%
    Money Market11.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%3.4%8.5%0.8%-11.5%-17.3%
Sector-0.9%-0.2%2%-6.1%-0.6%29%
Rank within sector5 / 142 / 141 / 142 / 1410 / 1312 / 12
Quartile2nd1st1st1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund7.2%-20.5%-1.8%-1.6%2.2%
Sector-0.5%-15%12.2%20.2%14.2%
Rank within sector2 / 1412 / 1412 / 1312 / 1212 / 12
Quartile1st4th4th4th4th
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.
-5.04
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.
0.84
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%.
14.97
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.
10.05
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.
-0.56
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.
0.57
Price movement
52 week high57.17
52 week low40.98
Current bid price-
Current offer price-
Current mid price52.96
Region
1Egypt29.58%
2South Africa20.42%
3Africa12.62%
4Money Market11.13%
5Nigeria9.28%
6Morocco7.51%
7Kenya6.08%
8UK3.26%
9Others0.12%
Industry sector
1Financials36.65%
2Materials17.44%
3Consumer Discretionary11.16%
4Money Market11.13%
5Energy8.63%
6Real Estate5.24%
7Telecommunications Utilities5.14%
8Industrials3.27%
9Consumer Staples1.18%
Asset type
1Egyptian Equity29.58%
2African Equity22.87%
3South African Equities20.42%
4Middle East & African Equities12.62%
5Money Market11.13%
6UK Equities3.26%
7International Equities0.12%
Individual holdings
1NASPERS9.91%
2COMMERCIAL INTERNATIONAL CORP6.49%
3TULLOW OIL PLC5.31%
4FIRST QUANTUM MINERALS4.86%
5ATTIJARIWAFA BANK4.78%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund aims to provide long-term capital growth by investing in stocks of African companies. The active investment approach includes a bottom-up stock selection based on in-depth company analysis and top-down portfolio construction taking into consideration a sector's attractiveness and broader macro trends. The fund is suitable for long-term oriented investors who wish to participate in an active, unconstrained investment strategy.
Benchmark
  • DJ Africa Titans 50 Total Return Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Tommaso Bonanata01/05/2009Portfolio Manager Africa/Turkey .3 years of investment management Experience, Co-Fund Manager of JB Northern Africa Fund (Lux), JB African Equity Fund, JB Central Europe Equity Fund (Lux).Education: BA (hons) International Business studies, European Business School London, United Kingdom.
Benli Erdinc29/11/2013Erdinç Benli graduated from St. Gallen College in Switzerland with a degree in business management. He joined AMG in 2008 where he is an analyst and portfolio manager responsible for European equities. Prior to this he worked for Julius Baer Asset Management where he led the European equities team. Before this he was a portfolio manager and team leader for European and Swiss equities at Swisscanto having also worked for a German bank in Zurich on property mandates. Erdinc has over 16 years of investment experience and is a Chartered European Financial Analyst.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Estonia, France, United Kingdom, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Offshore, Singapore, Sweden
JB Multistock Africa Focus A CHF
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price33.34
CurrencyCHF
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATI7
JB Multistock Africa Focus A EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price52.96
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATI9
JB Multistock Africa Focus A USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price39.94
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATJ1
JB Multistock Africa Focus B CHF
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price44.22
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATI6
JB Multistock Africa Focus B EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price67.6
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATI8
JB Multistock Africa Focus B USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price53.31
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATJ0
JB Multistock Africa Focus C CHF
Initial charge5%
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price47.9
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeATJ5
JB Multistock Africa Focus C EUR
Initial charge5%
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price73.06
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeATJ6
JB Multistock Africa Focus C JPY
Initial charge5%
Annual charge0.78%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price0.6497
CurrencyJPY
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLNA
JB Multistock Africa Focus C USD
Initial charge5%
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price57.67
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeATJ7
JB Multistock Africa Focus E CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price83.99
CurrencyCHF
Price updated17/02/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATJ2
JB Multistock Africa Focus E EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.86%
Total expense ratio (TER)2.86%
Bid price-
Offer price-
Mid price63.22
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATJ3
JB Multistock Africa Focus E USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.86%
Total expense ratio (TER)2.85%
Bid price-
Offer price-
Mid price49.89
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeATJ4
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