Fact sheet: JPM Africa Equity

Fund information
Fund name
JPM Africa Equity D (perf) Acc NAV USD
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Pandora Omasetsince 31/05/2015
  • Oleg Biryulyovsince 15/02/2016
Fund objective
To provide long-term capital growth by investing primarily in a portfolio of African companies.
Benchmark
  • MSCI Emerging and Frontier Markets Africa
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-4.8%
1 Year rank in sector
244/258
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.
2.55%
Fund size
£210m (£264m 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.
144
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs43.9%
GAM Star Nth of Sth EM Eq38.2%
HSBC GIFEconScaleIxGEMEq35.7%
Templeton BRIC31.8%
Schroder ISF QEP Gl Eg Mts31.3%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa62.8%
    Kenya9.9%
    Nigeria9.1%
    Egypt5.1%
    Money Market4.7%
  • Financials26.3%
    Consumer Staples21.7%
    Consumer Discretionary20.8%
    Telecommunications Utilities8.1%
    Health Care5.8%
  • South African Equities62.8%
    African Equity25%
    Egyptian Equity5.1%
    Money Market4.7%
    UK Equities1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%-3.3%-6%-4.8%-29.4%-13.1%
Sector-3%-4%6%6.2%-7.7%-0.3%
Rank within sector100 / 26389 / 266259 / 263244 / 258203 / 210148 / 160
Quartile2nd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%-28.8%-4.5%4.8%23.9%
Sector8.7%-14.3%-1.4%-0.7%14.2%
Rank within sector230 / 258240 / 241175 / 21535 / 18919 / 161
Quartile4th4th4th1st1st
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.
-9.03
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.
1.06
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.
-0.03
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%.
16.92
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.
8.7
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.
-1.1
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.
0.74
Price movement
52 week high8.93
52 week low6.66
Current bid price-
Current offer price-
Current mid price7.94
Region
1South Africa62.8%
2Kenya9.9%
3Nigeria9.1%
4Egypt5.1%
5Money Market4.7%
6Morocco4.1%
7UK1.9%
8Zimbabwe1.1%
9Mauritius0.8%
Industry sector
1Financials26.3%
2Consumer Staples21.7%
3Consumer Discretionary20.8%
4Telecommunications Utilities8.1%
5Health Care5.8%
6Materials5.1%
7Money Market4.7%
8Energy3.6%
9Industrials3.2%
Asset type
1South African Equities62.8%
2African Equity25%
3Egyptian Equity5.1%
4Money Market4.7%
5UK Equities1.9%
6Middle East & African Equities0.5%
Individual holdings
1NASPERS9.4%
2FIRSTRAND5.7%
3ASPEN PHARMACARE HLDGS3.6%
4BID3.4%
5WOOLWORTHS LIMITED3.4%
6CLICKS GROUP LTD3.1%
7SHOPRITE HOLDINGS3%
8STANDARD BANK GROUP3%
9MTN GROUP2.8%
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To provide long-term capital growth by investing primarily in a portfolio of African companies.
Benchmark
  • MSCI Emerging and Frontier Markets Africa
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Pandora Omaset31/05/2015Pandora Omaset, executive director, is a product-focused analyst covering Africa within the Emerging Markets and Asia Pacific Equities Team based in London. An employee since 1999, Pandora previously worked as a portfolio analyst in the Japanese Portfolios Group. Before joining J.P. Morgan Asset Management, Pandora was a Performance Analyst at Henderson’s Global Investors. Pandora has a BA in International Business and Finance from SNHU and University of Greenwich.
Oleg Biryulyov15/02/2016Oleg 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Curacao, Cyprus, Germany, Denmark, Spain, Estonia, European Economic Community, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
JPM Africa Equity A (perf) Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price16.7
Offer price17.62
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0R2
JPM Africa Equity A (perf) Acc NAV EUR
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price16.78
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0R3
JPM Africa Equity A (perf) Acc NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price8.43
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCHM3
JPM Africa Equity A (perf) Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price8.39
Offer price8.85
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCHM2
JPM Africa Equity A (perf) Dis EUR
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price62.62
Offer price66.08
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMEA5
JPM Africa Equity A (perf) Dis GBP
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price6.73
Offer price7.1
Mid price-
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCOY9
JPM Africa Equity A (perf) Dis NAV EUR
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price62.93
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMEA6
JPM Africa Equity A (perf) Dis NAV GBP
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price6.76
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCOZ0
JPM Africa Equity A (perf) Dis NAV USD
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price67.62
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFFGA
JPM Africa Equity A (perf) Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price67.28
Offer price71
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFFFZ
JPM Africa Equity C (perf) Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price70.91
Offer price70.91
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB6P
JPM Africa Equity C (perf) Acc NAV EUR
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price70.91
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB6O
JPM Africa Equity C (perf) Acc NAV USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price10.37
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHSS9
JPM Africa Equity C (perf) Acc USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price10.37
Offer price10.37
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHSS8
JPM Africa Equity C (perf) Dis GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price57.64
Offer price57.64
Mid price-
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF2VS
JPM Africa Equity C (perf) Dis NAV GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price57.64
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF2VR
JPM Africa Equity D (perf) Acc EUR
Initial charge5%
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)2.55%
Bid price81.69
Offer price86.21
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYQ2
JPM Africa Equity D (perf) Acc NAV EUR
Initial charge5%
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)2.55%
Bid price-
Offer price-
Mid price82.1
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYQ3
JPM Africa Equity D (perf) Acc NAV USD
Initial charge5%
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)2.55%
Bid price-
Offer price-
Mid price7.94
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDRH5
JPM Africa Equity D (perf) Acc USD
Initial charge5%
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)2.55%
Bid price7.9
Offer price8.34
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDRH4
JPM Africa Equity I (perf) Acc NAV USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price85.93
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRH7
JPM Africa Equity I (perf) Acc USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price85.93
Offer price85.93
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRH6
JPM Africa Equity T (perf) Acc EUR
Initial charge3%
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)2.55%
Bid price69.3
Offer price69.3
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF33R
JPM Africa Equity T (perf) Acc NAV EUR
Initial charge3%
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)2.55%
Bid price-
Offer price-
Mid price69.3
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF33Q
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.