Fact sheet: Lazard Mena

Fund information
Fund name
Lazard Mena Inst Acc USD
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund manager
  • Fadi Al Saidsince 01/06/2014
Fund objective
To achieve long-term capital growth.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24.1%
1 Year rank in sector
1/13
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.
2.69%
Fund size
£4m (£3m 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.
117
Top in this sector
Fund name1 Year
Lazard Mena24.1%
Charlemagne Magna MENA22.5%
Baring MENA19.5%
T. Rowe Price MEast& Africa Eq17.9%
IPConcept Silk Road Frontier11.6%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • Saudi Arabia30.1%
    United Arab Emirates23.2%
    Egypt13.9%
    Kuwait11.6%
    Money Market7.4%
  • Financials31.3%
    Materials14.7%
    Consumer Staples12.2%
    Industrials9.4%
    Money Market7.4%
  • Saudi Arabian Equities30.1%
    Emirian Equities23.2%
    Egyptian Equity13.9%
    Kuwaiti Equities11.6%
    Money Market7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%4.6%18.6%24.1%5.1%-
Sector1.2%3.1%11%11.2%-8%33.6%
Rank within sector3 / 133 / 131 / 131 / 134 / 13-
Quartile1st1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund11.5%15.6%-10.5%4.9%-
Sector5.7%5.1%-15%12.2%20.2%
Rank within sector2 / 133 / 134 / 1310 / 12-
Quartile1st1st2nd4th
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.
3.48
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.
1.12
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%.
16.55
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.
7.74
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.
0.36
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 high142.8
52 week low109.49
Current bid price-
Current offer price-
Current mid price142
Region
1Saudi Arabia30.1%
2United Arab Emirates23.2%
3Egypt13.9%
4Kuwait11.6%
5Money Market7.4%
6Oman6%
7Jordan3%
8UK2.6%
9Qatar2.2%
Industry sector
1Financials31.3%
2Materials14.7%
3Consumer Staples12.2%
4Industrials9.4%
5Money Market7.4%
6Telecommunications Utilities7.4%
7Real Estate6.3%
8Consumer Discretionary5.3%
9Energy3.4%
Asset type
1Saudi Arabian Equities30.1%
2Emirian Equities23.2%
3Egyptian Equity13.9%
4Kuwaiti Equities11.6%
5Money Market7.4%
6Omani Equities6%
7Middle East & African Equities3%
8UK Equities2.6%
9Qatari Equities2.2%
Individual holdings
1SABIC7.3%
2OBOUR LAND FOR FOOD IND5.6%
3AVIATION LEASE AND FINANCE COMPANY4.9%
4EMAAR PROPERTIES4.9%
5ALUJAIN CORP4.6%
6MOBILE TELECOMMUNICATIONS CO4.1%
7UNION NATIONAL BANK4.1%
8OOREDOO3.3%
9NATIONAL AGRICULTURE DEVELOPMENT3.1%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve long-term capital growth.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Fadi Al Said01/06/2014Fadi Al Said is a Portfolio Manager/Analyst on the Middle East and North African Equity (MENA) team. He began working in the investment field in 1998. Prior to joining Lazard in 2014, Fadi was Head of Investments and Portfolio Manager for ING Investment Management Middle East. Previously, he was a senior fund manager in the Asset Management division at NBD Investment Bank where he managed the two flagship funds (MENA Equities and GCC Balanced Funds). Prior to that Fadi was at Noor Capital where he was a Senior Vice President heading up the Asset Management division. He also worked for Damac Invest as a Senior Portfolio Manager, where he co-managed a multi-billion Dirham portfolio invested in the MENA region. He was responsible for leading a team covering Saudi Arabia, Kuwait, UAE and other emerging markets. Prior to that, Fadi was the Head of Research at Al Jazira Bank in Saudi Arabia. He started his career working in the Arab Bank in Jordan. Fadi holds an MBA from Cass Business School (London City University) and a BSc in Economics from the University of Jordan.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Ireland, Offshore, Singapore
Lazard Mena EA Inst Hedged Acc EUR
Initial charge3%
Annual charge0.85%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.39%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNWR7
Lazard Mena EA Inst Hedged Acc USD
Initial charge3%
Annual charge0.85%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNWR9
Lazard Mena EA Inst Hedged Dis EUR
Initial charge3%
Annual charge0.85%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.39%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNWR8
Lazard Mena EA Inst Hedged Dis USD
Initial charge3%
Annual charge0.85%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNWRA
Lazard Mena Inst Acc GBP
Initial charge3%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNWRD
Lazard Mena Inst Acc USD
Initial charge3%
Annual charge1%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.69%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price142.0005
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJJ6W
Lazard Mena Inst Dis GBP
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNWRB
Lazard Mena Inst Dis USD
Initial charge3%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.49%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNWRC
Data provided by

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