Fact sheet: Orbis Emerging Markets Equity

Fund information
Fund name
Orbis Emerging Markets Equity
Fund manager company
Orbis Investment Mgmt Limited
Fund type
Offshore Fund
Fund manager
  • Orbis Investment Management Ltdsince 01/01/2006
Fund objective
To seek higher returns than the average of the emerging markets equity markets, without greater risk of loss.
Benchmark
  • MSCI Emerging Markets
Investment style
None
Investment method
Shares
Quick stats
1 Year return
1.2%
1 Year rank in sector
229/258
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.
0.62%
Fund size
£3,000m
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.
130
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs46.8%
GAM Star Nth of Sth EM Eq43.1%
HSBC GIFEconScaleIxGEMEq42.2%
Dimensional EmMkt Tgt Val38%
Schroder ISF QEP Gl Eg Mts37.1%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Korea30%
    China27%
    Others10%
    Hong Kong8%
    India7%
  • No data available.
  • South Korean Equities30%
    Chinese Equities27%
    International Equities10%
    Hong Kong Equities8%
    Indian Equities7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.5%-7.9%2.1%1.2%-5.1%31.2%
Sector-2.6%-4%5.4%9.2%-6.3%3.1%
Rank within sector195 / 263236 / 267176 / 263229 / 258115 / 21022 / 161
Quartile3rd4th3rd4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund1.2%-5.3%-4.3%20.1%23.2%
Sector10.6%-14.3%-1.4%-0.7%14.2%
Rank within sector227 / 25836 / 241164 / 2159 / 19022 / 162
Quartile4th1st4th1st1st
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.
1.67
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.
-0.01
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%.
17.32
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.
6.8
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.
0.12
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.
0.86
Price movement
52 week high22.82
52 week low17.35
Current bid price-
Current offer price-
Current mid price20.85
Region
1Korea30%
2China27%
3Others10%
4Hong Kong8%
5India7%
6Singapore7%
7Russia5%
8Malaysia2%
9Money Market2%
Industry sector
No data available.
Asset type
1South Korean Equities30%
2Chinese Equities27%
3International Equities10%
4Hong Kong Equities8%
5Indian Equities7%
6Singapore Equities7%
7Russian Equities5%
8Malaysian Equities2%
9Money Market2%
Individual holdings
1NETEASE INC6%
2KB FINANCIAL GROUP INC5.7%
3BAIDU INC4.9%
4KOREA ELECTRIC POWER CORP4.8%
5SOHU.COM4.2%
6JD.COM4%
7KIWOOM SECURITIES CO LTD4%
8LOTTE SHOPPING CO LTD3.9%
9OLAM INTERNATIONAL3.8%
Management
Fund manager group
Orbis Investment Mgmt
Fund manager company
Orbis Investment Mgmt Limited
Fund type
Offshore Fund
Fund objective
To seek higher returns than the average of the emerging markets equity markets, without greater risk of loss.
Benchmark
  • MSCI Emerging Markets
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Orbis Investment Management Ltd01/01/2006The recommendations of a small number of senior analysts, made after a rigorous peer review process, serve as the raw materials for the Orbis Funds. A portfolio construction team then seeks to combine the strongest stock ideas into a portfolio that reflects broader market and portfolio-level considerations. In aggregate, the fund represents what we believe is the best mix of the best ideas across our investment team. William Gray, head of the investment team since 2000, is responsible for the investment process overall.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Bermuda, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Sweden, South Africa
Orbis Emerging Markets Equity
Initial charge-
Annual charge0.5%
Min single investment£50,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price20.85
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeOF81
Data provided by

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