Fact sheet: LV= Fdl Eg Eurp Mdl Est&Afrc Pn

Fund information
Fund name
LV= Fidelity Emerging Europe Middle East & Africa Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund manager
  • Nick Pricesince 14/01/2008
Underlying fund
Fidelity EmEur Md Et Af
Fund objective
Aims to provide long-term capital growth. Invests primarily in the shares of companies having their head office or a main part of their activity in the less developed countries of Central, Eastern and Southern Europe (including Russia), the Middle East and Africa including countries which are considered emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI Emerging EMEA Index Capped 5%
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.6%
1 Year rank in sector
239/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£0m (£0m 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
Bid price
103.4
Offer price
108.9
Top in this sector
Fund name1 Year
OMW IPL IFDSHdsnRwFTSERAFIEMPn46.8%
AXA Wealth Aber LatAm Eq Pn42.7%
Zurich Jupiter Emg Eurp Opp Pn38.4%
Canlife Jup Emg Eurpn Opps Pn36.6%
LV= Jupiter Emg European Opps Pn36.5%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa48.4%
    Russia27%
    Money Market3.5%
    Netherlands3.1%
    United Arab Emirates3%
  • Financials30.3%
    Consumer Discretionary27.6%
    Consumer Staples15.2%
    Materials10.9%
    Information Technology5.4%
  • South African Equities48.4%
    Russian Equities27%
    Money Market3.5%
    Dutch Equities3.1%
    Emirian Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-1.6%13%17.6%9%-
Sector-5.5%-0.9%18.8%24.7%18.9%24.4%
Rank within sector32 / 274145 / 273246 / 270239 / 266188 / 228-
Quartile1st3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund23.4%-10.7%-2.3%--
Sector26.2%-8.5%3%-3.4%13.2%
Rank within sector206 / 267141 / 255188 / 228--
Quartile4th3rd4th
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.
-2.25
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.
0.9
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
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%.
16.24
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.
7.7
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.
-0.39
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 high114.9
52 week low74.5
Current bid price103.4
Current offer price108.9
Current mid price-
Region
1South Africa48.42%
2Russia26.97%
3Money Market3.47%
4Netherlands3.12%
5United Arab Emirates3.01%
6Others2.73%
7Nigeria2.71%
8Israel2.24%
9Poland2.19%
Industry sector
1Financials30.35%
2Consumer Discretionary27.64%
3Consumer Staples15.24%
4Materials10.87%
5Information Technology5.43%
6Energy4.03%
7Money Market3.47%
8Health Care2.11%
9Industrials0.86%
Asset type
1South African Equities48.42%
2Russian Equities26.97%
3Money Market3.47%
4Dutch Equities3.12%
5Emirian Equities3.01%
6International Equities2.73%
7African Equity2.71%
8Israeli Equities2.24%
9Polish Equities2.19%
Individual holdings
1NASPERS9.75%
2STEINHOFF INTERNATIONAL HLDGS8.06%
3SBERBANK OF RUSSIA7.93%
4DISCOVERY LTD7.24%
5LUKOIL PJSC4.03%
6BID CORPORATION LTD3.3%
7AVI LTD3.21%
8MAIL.RU GROUP LTD3.19%
9MAGNITOGORSK IRON & STEEL WORKS3.18%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
Aims to provide long-term capital growth. Invests primarily in the shares of companies having their head office or a main part of their activity in the less developed countries of Central, Eastern and Southern Europe (including Russia), the Middle East and Africa including countries which are considered emerging markets according to the MSCI Emerging Markets Europe, Middle East and Africa Index. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI Emerging EMEA Index Capped 5%
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Nick Price14/01/2008Nick Price is Fidelitys primary Global Emerging Market (GEM) and Emerging EMEA equity portfolio manager. He joined Fidelity in January 1998 as a research analyst before being selected as the assistant portfolio manager for Fidelitys flagship European Growth Fund in 2004. He launched the teams first EMEA portfolio in late 2005 and was later appointed to manage Fidelitys GEM strategies in mid 2009. Before joining Fidelity, Nick worked for a variety of investment banks in London and prior to that, worked as a Senior Auditor for PriceWaterhouse in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal, is a Member of the South African Institute of Chartered Accountants and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Fidelity Emerging Europe Middle East & Africa Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.14%
Bid price103.4
Offer price108.9
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3UA
Data provided by

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