Fact sheet: Manulife Turkey Equity

Fund information
Fund name
Manulife Turkey Equity AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund manager
  • Charlemagne Capital (UK) Limitedsince 19/11/2007
Fund objective
The sub-fund aims to provide long term capital growth for those who hold a long term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns. It is intended that the investments will be made on a diversified basis. The underlying investment portfolio will mainly consist of equity-related investments and securities of companies located in Turkey and other companies located outside Turkey whose income is predominantly derived from Turkey, all of which in accordance with the regulations, will be listed or traded on regulated markets. The remaining assets of the sub-fund may include bonds, deposits and other investments.
Benchmark
  • MSCI Turkey 10/40 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
9.4%
1 Year rank in sector
46/91
Sector
FO Equity - Europe Single Country
Yield
-
Fund size
£34m (£34m 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.
212
Top in this sector
Fund name1 Year
Pictet Russian Equities69.1%
Baring Russia60%
HSBC GIF Russia Equity53.9%
Pictet Russia Index45.3%
East Capital Lux Russian38.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Turkey97.4%
    Money Market2.6%
  • Financials45.9%
    Industrials16.1%
    Consumer Discretionary12.3%
    Consumer Staples11.2%
    Energy6.5%
  • Turkish Equities97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%-3.6%-6.7%9.4%-27.1%-10.9%
Sector0.6%9.5%7.1%11.1%20.1%68.3%
Rank within sector41 / 9391 / 9386 / 9346 / 9182 / 8373 / 77
Quartile2nd4th4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.6%-29.5%16.2%-23.4%59.9%
Sector4.6%9.2%1.7%17.5%18.4%
Rank within sector43 / 9388 / 9020 / 8375 / 804 / 77
Quartile2nd4th1st4th1st
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.
-11.1
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.
1.01
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%.
27.34
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.
24.16
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.
-0.56
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.
0.2
Price movement
52 week high0.78
52 week low0.58
Current bid price-
Current offer price-
Current mid price0.66
Region
1Turkey97.41%
2Money Market2.59%
Industry sector
1Financials45.85%
2Industrials16.12%
3Consumer Discretionary12.29%
4Consumer Staples11.24%
5Energy6.45%
6Telecommunications Utilities3.46%
7Money Market2.59%
8Materials2%
Asset type
1Turkish Equities97.41%
2Money Market2.59%
Individual holdings
1TURKIYE GARANTI BANKASI9.51%
2AKBANK T.A.S.8.07%
3NOVOLIPETSK IRON AND STEEL CORP7.53%
4TURKIYE PETROL RAFINERILERI A.S.6.45%
5TOFAS(TURK OTOMOBIL FAB)5.91%
6KOC HLDG4.57%
7YAPI VE KREDI BANKASI AS4.53%
8BIM BIRLESIK MAGAZALAR4.43%
9TAV AIRPORTS4.02%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund aims to provide long term capital growth for those who hold a long term investment view and who are prepared to accept significant fluctuations in the value of their investments in order to achieve long term returns. It is intended that the investments will be made on a diversified basis. The underlying investment portfolio will mainly consist of equity-related investments and securities of companies located in Turkey and other companies located outside Turkey whose income is predominantly derived from Turkey, all of which in accordance with the regulations, will be listed or traded on regulated markets. The remaining assets of the sub-fund may include bonds, deposits and other investments.
Benchmark
  • MSCI Turkey 10/40 Index
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Charlemagne Capital (UK) Limited19/11/2007
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 Turkey Equity AA
Initial charge5%
Annual charge1.75%
Min single investment£20,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.6634
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeARA3
Data provided by

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