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
-22.8%
1 Year rank in sector
88/91
Sector
FO Equity - Europe Single Country
Yield
-
Fund size
£28m (£36m 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.
216
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

  • Turkey99.3%
    Money Market0.7%
  • Financials42.7%
    Industrials16.3%
    Consumer Discretionary12.6%
    Consumer Staples10.7%
    Energy7.1%
  • Turkish Equities99.3%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-17.4%-18.2%-21.3%-22.8%-45.1%-26%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector93 / 9393 / 9393 / 9388 / 9182 / 8277 / 77
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-17.8%-31.6%16.2%-23.4%59.9%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector89 / 9387 / 8920 / 8274 / 794 / 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.
-14.85
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.
0.86
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.
-0.04
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%.
25.91
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.
23.67
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.
0.15
Price movement
52 week high0.78
52 week low0.53
Current bid price-
Current offer price-
Current mid price0.53
Region
1Turkey99.3%
2Money Market0.7%
Industry sector
1Financials42.73%
2Industrials16.26%
3Consumer Discretionary12.59%
4Consumer Staples10.73%
5Energy7.08%
6Real Estate4.62%
7Telecommunications Utilities3.41%
8Materials1.88%
9Money Market0.7%
Asset type
1Turkish Equities99.3%
2Money Market0.7%
Individual holdings
1TURKIYE GARANTI BANKASI9.69%
2AKBANK T.A.S.8.18%
3NOVOLIPETSK IRON AND STEEL CORP7.58%
4TURKIYE PETROL RAFINERILERI A.S.7.08%
5TOFAS(TURK OTOMOBIL FAB)5.95%
6EMLAK KONUT GAYRIMENKUL YATIRIM ORT4.62%
7YAPI VE KREDI BANKASI AS4.62%
8KOC HLDG4.33%
9TAV AIRPORTS4.22%
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 price0.5278
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeARA3
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