Fact sheet: Nordea 1 African Equity

Fund information
Fund name
Nordea 1 African Equity BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • John Mackiesince 17/11/2008
Fund objective
The fund selects companies whose earnings are set to grow faster than the market and are driven by domestic economical growth. Sizes and industries differ, however focus is on large innovative companies concentrating on their core business as well as new future growth businesses. Initial allocation is foreseen to be approximately 50% invested in South-African equities and approximately 50 % in other African equities. Exposure to Pan-African equities will be increased according to market development and liquidity.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-11.3%
1 Year rank in sector
249/258
Sector
FO Equity - Emerging Markets
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.
2.4%
Fund size
£38m (£40m 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.
107
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Fund name1 Year
GAM Star Nth of Sth EM Eq47.6%
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Templeton BRIC45%
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Performance snapshot

Holdings snapshot

  • South Africa44.8%
    Egypt11.2%
    Kenya10.4%
    Money Market8.5%
    UK7.7%
  • Financials37.9%
    Consumer Staples14.2%
    Telecommunications Utilities10%
    Consumer Discretionary9.4%
    Money Market8.5%
  • South African Equities44.8%
    African Equity23.7%
    Egyptian Equity11.2%
    Money Market8.5%
    UK Equities7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%1.5%2.6%-11.3%-15.9%3.7%
Sector0.6%10.1%11.6%11.8%-3.3%12.7%
Rank within sector244 / 264247 / 264248 / 260249 / 258187 / 206137 / 157
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.7%-20.3%4.7%2.4%19.2%
Sector14.2%-14.3%-1.4%-0.7%14.2%
Rank within sector248 / 259218 / 24363 / 21850 / 19253 / 163
Quartile4th4th2nd2nd2nd
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.
-5.74
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.
0.75
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%.
13.78
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.
9.41
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.
-0.66
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.
0.6
Price movement
52 week high13.42
52 week low10.05
Current bid price-
Current offer price-
Current mid price11.59
Region
1South Africa44.75%
2Egypt11.19%
3Kenya10.39%
4Money Market8.48%
5UK7.69%
6Nigeria6.64%
7Morocco4.44%
8Uganda2.55%
9Mauritius2.22%
Industry sector
1Financials37.87%
2Consumer Staples14.21%
3Telecommunications Utilities10.04%
4Consumer Discretionary9.43%
5Money Market8.48%
6Materials7.2%
7Health Care4.59%
8Industrials3.32%
9Others2.55%
Asset type
1South African Equities44.75%
2African Equity23.69%
3Egyptian Equity11.19%
4Money Market8.48%
5UK Equities7.69%
6Middle East & African Equities4.18%
Individual holdings
1COMMERCIAL INTL BANK(EGYPT)S.A.E3.73%
2MAROC TELECOM3.51%
3NASPERS3.37%
4EFG HERMES HLDGS3.35%
5MTN GROUP3.35%
6SAFARICOM LTD3.18%
7EAST AFRICAN BREWERIES3.16%
8FIRSTRAND2.85%
9ASPEN PHARMACARE HLDGS2.58%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund selects companies whose earnings are set to grow faster than the market and are driven by domestic economical growth. Sizes and industries differ, however focus is on large innovative companies concentrating on their core business as well as new future growth businesses. Initial allocation is foreseen to be approximately 50% invested in South-African equities and approximately 50 % in other African equities. Exposure to Pan-African equities will be increased according to market development and liquidity.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
John Mackie17/11/2008
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Offshore, Poland, Portugal, Singapore, Sweden
Nordea 1 African Equity BI EUR
Initial charge5%
Annual charge1.5%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price12.16
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDTU0
Nordea 1 African Equity BP EUR
Initial charge5%
Annual charge1.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.4%
Total expense ratio (TER)2.38%
Bid price-
Offer price-
Mid price11.59
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDTU1
Nordea 1 African Equity E EUR
Initial charge5%
Annual charge1.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.16%
Total expense ratio (TER)3.14%
Bid price-
Offer price-
Mid price10.94
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDTU4
Nordea 1 African Equity E PLN
Initial charge5%
Annual charge1.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.16%
Total expense ratio (TER)3.14%
Bid price-
Offer price-
Mid price46.84
CurrencyPLN
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRW9
Data provided by

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