Fact sheet: Pictet Emerging Europe

Fund information
Fund name
Pictet Emerging Europe P dy GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Klaus Bockstallersince 16/11/2009
  • Christopher Bannonsince 30/09/2015
  • Hugo Bainsince 16/11/2009
Fund objective
The objective of the sub-fund is to achieve capital growth by investing at least two-thirdsof its total assets in the shares of companies whose main business and/or registered office is in Eastern Europe (including Russia and Turkey).
Benchmark
  • MSCI EM Europe 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
34.5%
1 Year rank in sector
-
Sector
FO Equity - Emerging Europe
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.
2.26%
Fund size
£89m (£98m 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.
147
Top in this sector
Fund name1 Year
Baring Eastern Eur35.4%
JGF-Jupiter New Europe35.1%
Pictet Emerging Europe34.5%
Renasset Eastern European27.2%
Charlemagne Magna Eastn Eurpn26.6%
...more in FO Equity - Emerging Europe

Performance snapshot

Holdings snapshot

  • Russia42.8%
    Turkey21.9%
    Poland15.1%
    Greece4.1%
    Hungary3.8%
  • Financials45.9%
    Consumer Staples11.6%
    Energy11%
    Utilities7.4%
    Industrials5.7%
  • Russian Equities42.8%
    Turkish Equities21.9%
    Polish Equities15.1%
    European Emerging Equities5.8%
    Greek Equities4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.9%8%22.7%34.5%-13.9%-7.4%
Sector-0.6%3.9%8.7%6.5%-15.8%-5.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund39.9%-7.9%-31.9%-3.2%20%
Sector14%-3.1%-22%-2.2%20%
Rank within sector-----
Quartile
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.
1.97
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.
1.1
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.
-0.02
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%.
20.89
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.
9.69
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.
0.08
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.
0.8
Price movement
52 week high253
52 week low154.63
Current bid price-
Current offer price-
Current mid price241.43
Region
1Russia42.82%
2Turkey21.88%
3Poland15.14%
4Greece4.13%
5Hungary3.83%
6Romania2.99%
7Ukraine2.76%
8Georgia2.39%
9Czech Republic1.99%
Industry sector
1Financials45.85%
2Consumer Staples11.6%
3Energy10.99%
4Utilities7.4%
5Industrials5.72%
6Materials5.6%
7Real Estate4.85%
8Consumer Discretionary2.71%
9Information Technology2.53%
Asset type
1Russian Equities42.82%
2Turkish Equities21.88%
3Polish Equities15.14%
4European Emerging Equities5.75%
5Greek Equities4.13%
6Hungarian Equities3.83%
7European Equities2.39%
8Czech Republic Equities1.99%
9Kazakhstani Equities1.14%
Individual holdings
1SBERBANK OF RUSSIA6.75%
2TURKIYE GARANTI BANKASI6.17%
3AKBANK T.A.S.5.21%
4OTP BANK3.83%
5TCS GROUP HLDG PLC3.21%
6BANCA TRANSILVANIA CLUJ2.99%
7X5 RETAIL GROUP N.V2.87%
8KERNEL HLDG SA2.76%
9ASSECO POLAND SA2.53%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The objective of the sub-fund is to achieve capital growth by investing at least two-thirdsof its total assets in the shares of companies whose main business and/or registered office is in Eastern Europe (including Russia and Turkey).
Benchmark
  • MSCI EM Europe 10/40
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Klaus Bockstaller16/11/2009Klaus Bockstaller joined Pictet Asset Management as Head of Global Emerging Markets in November 2009. Previously, he worked at Fleming Capital Management LLP as CIO and Investment Manager from October 2004. Klaus joined FCM from Baring Asset Management, where he was Head of Emerging Europe, Middle East and Africa from September 2000. Klaus managed the Baring Emerging Europe Trust ($250m) and the Baring Eastern Europe Fund ($1bn). Previously he was with UBS Brinson where he was a portfolio manager for Eastern Europe funds and focused on all emerging markets within the European time-zone. He graduated in economics from the University of Freiburg in 1993.
Christopher Bannon30/09/2015Christopher Bannon joined Pictet Asset Management in 2007 and is a Senior Investment Manager specialising in the energy sector across global emerging markets. Upon joining Pictet in 2007, Christopher spent 3 years as a Risk Manager before moving across to his current role in the Emerging Equities Research team in 2011. Before Pictet, Christopher worked for 18 months as an analyst with Citigroup in Dublin on the corporate actions desk. Christopher graduated from Trinity College Dublin with a BA (Hons) in Mathematics and Philosophy and he holds an MSc in Finance (graduated with Distinction) from Imperial College London. He is also a Chartered Financial Analyst (CFA) charterholder.
Hugo Bain16/11/2009Hugo Bain joined Pictet Asset Management in 2009 as a Senior Investment Manager in the Emerging Markets Equities team, specialising in EMEA. Before joining Pictet, he spent five years with Fleming Family & Partners Capital Management LLP (FCM) and was a founding partner and co-manager of the FCM European Frontier Fund. He began his career in 1997 at ING, where he remained until 2002 as Head of Russian, Emerging Europe, Africa and Latin America Sales. In 2002 he joined Merrill Lynch as Specialist EMEA sales. Hugo has an MA in Modern History from the University of St Andrews.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Pictet Emerging Europe I EUR
Initial charge5%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price317.89
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePW27
Pictet Emerging Europe P EUR
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price297.46
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV15
Pictet Emerging Europe P dy EUR
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.15%
Bid price-
Offer price-
Mid price284.36
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYR2
Pictet Emerging Europe P dy GBP
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price241.43
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYR1
Pictet Emerging Europe R EUR
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.97%
Total expense ratio (TER)2.85%
Bid price-
Offer price-
Mid price269.79
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW28
Pictet Emerging Europe Z EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.28%
Bid price-
Offer price-
Mid price369.48
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSZ0
Data provided by

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