Fact sheet: Manulife Emerging Eastern Europe

Fund information
Fund name
Manulife Emerging Eastern Europe AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund managers
  • Charlemagne Capital (UK) Limitedsince 02/05/1997
  • Stefan Bottchersince 02/05/1997
Fund objective
The sub-fund aims to achieve capital growth through investment primarily in securities which are listed or traded on the stock exchanges of Central and Eastern European countries. It is intended that the sub-fund will initially be concentrating (although not necessarily exclusively) on securities listed or traded on stock exchanges in the Czech Republic, Hungary, Poland, Slovakia and Russia whilst such securities may also be listed in other exchanges as depository receipts or certificates, or in other forms of instruments. However, the sub-fund will seek to broaden its participation in other markets within the region as they develop.
Benchmark
  • MSCI Emerging Europe 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.6%
1 Year rank in sector
16/32
Sector
FO Equity - Emerging Europe
Yield
-
Fund size
£103m (£97m 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.
151
Top in this sector
Fund name1 Year
Baring Eastern Eur43.3%
JGF-Jupiter New Europe40.4%
Pictet Emerging Europe37.1%
Charlemagne Magna Eastn Eurpn34%
Renasset Eastern European31%
...more in FO Equity - Emerging Europe

Performance snapshot

Holdings snapshot

  • Russia52.7%
    Turkey23.9%
    Poland6.7%
    Eastern Europe4.4%
    Czech Republic3.6%
  • Financials34.1%
    Energy24.9%
    Consumer Staples12%
    Materials9%
    Consumer Discretionary5.6%
  • Russian Equities52.7%
    Turkish Equities23.9%
    Polish Equities6.7%
    European Equities6%
    Czech Republic Equities3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%11.4%9.1%14.6%-30.4%-12.8%
Sector1.6%8.4%7.3%12%-16.5%-0.4%
Rank within sector14 / 326 / 3215 / 3216 / 3228 / 3126 / 30
Quartile2nd1st2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund17%-10.9%-34.5%6.1%24.1%
Sector11.5%-3.1%-22%-2.2%20%
Rank within sector8 / 3228 / 3128 / 312 / 3112 / 30
Quartile1st4th4th1st2nd
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.
-4.27
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.
1.17
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%.
21.63
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.
7.2
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.
-0.75
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.
0.91
Price movement
52 week high1.45
52 week low1.02
Current bid price-
Current offer price-
Current mid price1.42
Region
1Russia52.72%
2Turkey23.94%
3Poland6.73%
4Eastern Europe4.41%
5Czech Republic3.63%
6Money Market3.33%
7Romania2.06%
8Albania1.62%
9Kazakhstan1.56%
Industry sector
1Financials34.12%
2Energy24.86%
3Consumer Staples12.04%
4Materials9.01%
5Consumer Discretionary5.63%
6Industrials4.77%
7Information Technology4.05%
8Money Market3.33%
9Utilities2.19%
Asset type
1Russian Equities52.72%
2Turkish Equities23.94%
3Polish Equities6.73%
4European Equities6.03%
5Czech Republic Equities3.63%
6Money Market3.33%
7European Emerging Equities2.06%
8Kazakhstani Equities1.56%
Individual holdings
1LUKOIL OAO9.83%
2TATNEFTEPROM7.4%
3GARANTIA BANKING5.58%
4SBERBANK OF RUSSIA5.12%
5X5 RETAIL GROUP N.V4.96%
6MOSCOW EXCHANGE MICEX OJSC4.2%
7MAGNIT PJSC3.57%
8TURKIYE SINAI KALKINMA BANKASI3.37%
9PHOSAGRO OJSC3.32%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund aims to achieve capital growth through investment primarily in securities which are listed or traded on the stock exchanges of Central and Eastern European countries. It is intended that the sub-fund will initially be concentrating (although not necessarily exclusively) on securities listed or traded on stock exchanges in the Czech Republic, Hungary, Poland, Slovakia and Russia whilst such securities may also be listed in other exchanges as depository receipts or certificates, or in other forms of instruments. However, the sub-fund will seek to broaden its participation in other markets within the region as they develop.
Benchmark
  • MSCI Emerging Europe 10/40
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Charlemagne Capital (UK) Limited02/05/1997
Stefan Bottcher02/05/1997Stefan joined Charlemagne Capital in 2001 as Chief Investment Officer and Head of Portfolio Management, overseeing a marked growth in assets and resources. In 2009 he moved on to build a Frontier Markets business. Prior to Charlemagne, Stefan worked at Schroders Investment Management where he was an Executive Director and Head of Emerging Markets (Eastern Europe and the Middle East). His Eastern European fund was the only fund in its category rated AAA. Stefan was previously a director with Flemings Investment Management, where he set up the Emerging European desk, which he headed for over five years. Stefan holds a degree in Business and Administration from the Fachhochschule der Deutschen Bundesbank.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Manulife Emerging Eastern Europe A
Initial charge-
Annual charge1.5%
Min single investment£1,560,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price3.2643
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeVH14
Manulife Emerging Eastern Europe AA
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.4187
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeVH62
Data provided by

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