Fact sheet: OMW Fid EmgEur MEast&Africa

Fund information
Fund name
OMW Fidelity Emerging Europe Middle East & Africa Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Nick Pricesince 14/01/2008
Underlying fund
Fidelity EmEur Md Et Af
Fund objective
The OMW Fidelity Emerging Europe, Middle East & Africa fund invests solely in the Fidelity Emerging Europe, Middle East & Africa Fund, a sub fund of the Fidelity Investment Funds, a UK authorised Open Ended Investment Company, managed by FIL Investment Services (UK) Limited. The aim of the underlying fund is to achieve long-term capital growth through investing primarily in securities of companies having their head office or exercising a predominant part of their activity in less developed countries of Central, Eastern and Southern Europe (including Russia), Middle East and Africa. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • MSCI Emerging EMEA Index Capped 5%
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.7%
1 Year rank in sector
253/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£2m (£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.
146
Bid price
147.2
Offer price
154.9
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn52.2%
OMW IPL IFDSHdsnRwFTSERAFIEMPn47.7%
Aviva Thredndl Lat Amer Pn45.2%
Aviva Invesco Pep LA Pn40.8%
Aviva Inv Perp Lat Amer Pn40.6%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa48.4%
    Russia27%
    Money Market3.5%
    Netherlands3.1%
    United Arab Emirates3%
  • Financials30.3%
    Consumer Discretionary27.6%
    Consumer Staples15.2%
    Materials10.9%
    Information Technology5.4%
  • South African Equities48.4%
    Russian Equities27%
    Money Market3.5%
    Dutch Equities3.1%
    Emirian Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%1%17.9%14.7%5.9%31.8%
Sector-7.5%1.3%22.6%27.1%19.8%30.3%
Rank within sector49 / 274149 / 273236 / 270253 / 266193 / 22883 / 186
Quartile1st3rd4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund24.7%-11.1%-2.9%4.2%19.2%
Sector29%-8.5%3%-3.4%13.2%
Rank within sector225 / 267159 / 255190 / 22829 / 20926 / 188
Quartile4th3rd4th1st1st
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.
-4.88
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.
0.96
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
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%.
16.62
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.
7.01
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.
-0.76
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.
0.82
Price movement
52 week high159.4
52 week low104.1
Current bid price147.2
Current offer price154.9
Current mid price-
Region
1South Africa48.42%
2Russia26.97%
3Money Market3.47%
4Netherlands3.12%
5United Arab Emirates3.01%
6Others2.73%
7Nigeria2.71%
8Israel2.24%
9Poland2.19%
Industry sector
1Financials30.35%
2Consumer Discretionary27.64%
3Consumer Staples15.24%
4Materials10.87%
5Information Technology5.43%
6Energy4.03%
7Money Market3.47%
8Health Care2.11%
9Industrials0.86%
Asset type
1South African Equities48.42%
2Russian Equities26.97%
3Money Market3.47%
4Dutch Equities3.12%
5Emirian Equities3.01%
6International Equities2.73%
7African Equity2.71%
8Israeli Equities2.24%
9Polish Equities2.19%
Individual holdings
1NASPERS9.75%
2STEINHOFF INTERNATIONAL HLDGS8.06%
3SBERBANK OF RUSSIA7.93%
4DISCOVERY LTD7.24%
5LUKOIL PJSC4.03%
6BID CORPORATION LTD3.3%
7AVI LTD3.21%
8MAIL.RU GROUP LTD3.19%
9MAGNITOGORSK IRON & STEEL WORKS3.18%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Emerging Europe, Middle East & Africa fund invests solely in the Fidelity Emerging Europe, Middle East & Africa Fund, a sub fund of the Fidelity Investment Funds, a UK authorised Open Ended Investment Company, managed by FIL Investment Services (UK) Limited. The aim of the underlying fund is to achieve long-term capital growth through investing primarily in securities of companies having their head office or exercising a predominant part of their activity in less developed countries of Central, Eastern and Southern Europe (including Russia), Middle East and Africa. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • MSCI Emerging EMEA Index Capped 5%
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Nick Price14/01/2008Nick Price is Fidelitys primary Global Emerging Market (GEM) and Emerging EMEA equity portfolio manager. He joined Fidelity in January 1998 as a research analyst before being selected as the assistant portfolio manager for Fidelitys flagship European Growth Fund in 2004. He launched the teams first EMEA portfolio in late 2005 and was later appointed to manage Fidelitys GEM strategies in mid 2009. Before joining Fidelity, Nick worked for a variety of investment banks in London and prior to that, worked as a Senior Auditor for PriceWaterhouse in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal, is a Member of the South African Institute of Chartered Accountants and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity Emerging Europe Middle East & Africa Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.53%
Bid price147.2
Offer price154.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFL9
OMW Fidelity Emerging Europe Middle East & Africa SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price165.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFM0
Data provided by

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