Fact sheet: JPM Turkey Equity

Fund information
Fund name
JPM Turkey Equity D Acc NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Habib Saikalysince 30/04/2015
  • Oleg Biryulyovsince 15/02/2016
Fund objective
To provide long-term capital growth by investing primarily in Turkish companies.
Benchmark
  • MSCI Turkey 10/40 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-24.5%
1 Year rank in sector
90/91
Sector
FO Equity - Europe Single Country
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.
2.8%
Fund size
£31m (£47m 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.
215
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Turkey98.8%
    Money Market1.2%
  • Financials42.8%
    Consumer Staples20%
    Consumer Discretionary11.2%
    Industrials7.5%
    Energy5%
  • Turkish Equities98.8%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-13.3%-15.4%-18.4%-24.5%-27.8%-9%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector89 / 9389 / 9392 / 9390 / 9179 / 8271 / 77
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-17.7%-23%35.5%-24.2%43.2%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector88 / 9385 / 892 / 8275 / 796 / 77
Quartile4th4th1st4th1st
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.
-8.31
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.
0.97
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.
-0.02
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%.
25.72
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.
22.88
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.
-0.47
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.
0.19
Price movement
52 week high24.41
52 week low17.52
Current bid price-
Current offer price-
Current mid price17.52
Region
1Turkey98.8%
2Money Market1.2%
Industry sector
1Financials42.8%
2Consumer Staples20%
3Consumer Discretionary11.2%
4Industrials7.5%
5Energy5%
6Telecommunications Utilities4.9%
7Money Market3.5%
8Materials2.8%
9Information Technology1.2%
Asset type
1Turkish Equities98.8%
2Money Market1.2%
Individual holdings
1TURKIYE GARANTI BANKASI10.1%
2BIM BIRLESIK MAGAZALAR9.7%
3AKBANK T.A.S.7.2%
4EMLAK KONUT GAYRIMENKUL YATIRIM ORT6.9%
5TURKIYE HALK BANKASI A.S6.1%
6TURKIYE PETROL RAFINERILERI A.S.5%
7TOFAS(TURK OTOMOBIL FAB)4.9%
8TURK TELEKOMUNIKASYON AS4.9%
9KOC HLDG4.8%
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 Turkish companies.
Benchmark
  • MSCI Turkey 10/40 Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Habib Saikaly30/04/2015Habib Saikaly, executive director, is a portfolio manager for MENA (including Turkey) equity portfolios within the Emerging Markets and Asia Pacific (EMAP) Equities Team based in London. An employee since 2011, he previously worked as a product-focused analyst covering MENA within the EMAP Equities Team. Prior to this, Habib worked at Credit-Suisse as an Equity Analyst managing the HOLT EEMEA Team. He has also worked at Deloitte and PwC where he did Audit, Financial Risk Management and Due Diligence assignments across different industries. Habib obtained a Masters degree in Financial Services from ESCP-EAP in Paris, France.
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
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Curacao, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Greece, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Peru, Poland, Portugal, Sweden
JPM Turkey Equity A Acc
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 price10.57
Offer price11.15
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS97
JPM Turkey Equity A Acc NAV
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 price10.62
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS96
JPM Turkey Equity A Dis
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 price13.69
Offer price14.45
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCM66
JPM Turkey Equity A Dis NAV
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 price13.76
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRT76
JPM Turkey Equity C Acc
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price9.82
Offer price9.82
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJS99
JPM Turkey Equity C Acc NAV
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price9.82
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJS98
JPM Turkey Equity C Dis
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price67.38
Offer price67.38
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFAPI
JPM Turkey Equity C Dis NAV
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price67.38
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFAPJ
JPM Turkey Equity D Acc
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price17.43
Offer price18.4
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJI98
JPM Turkey Equity D Acc NAV
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price17.52
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJB12
JPM Turkey Equity I Acc
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price88.8
Offer price88.8
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62U
JPM Turkey Equity I Acc NAV
Initial charge-
Annual charge0.85%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.8
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62V
Data provided by

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