Fact sheet: Pictet Russia Index

Fund information
Fund name
Pictet Russia Index I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • David Billauxsince 01/01/2012
  • Stephane Cornetsince 01/01/2012
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Russian markets by replicating the MSCI Russian Standard index (net div reinvested) movements.
Benchmark
  • MSCI Russia
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Quick stats
1 Year return
46.7%
1 Year rank in sector
3/91
Sector
FO Equity - Europe Single Country
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.
0.55%
Fund size
£24m (£17m 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.
215
Top in this sector
Fund name1 Year
Pictet Russian Equities70.6%
Baring Russia61.1%
HSBC GIF Russia Equity54.2%
Pictet Russia Index46.7%
East Capital Lux Russian37.5%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Russia100%
    Money Market0%
  • Energy53.6%
    Financials21.6%
    Materials10.4%
    Consumer Staples7.8%
    Telecommunications Utilities5.7%
  • Russian Equities100%
    Money Market0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%17.3%28.3%46.7%-12.6%4.2%
Sector1.2%6.8%7.8%11.1%20.5%75.3%
Rank within sector8 / 935 / 933 / 933 / 9172 / 8369 / 77
Quartile1st1st1st1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund49.1%9%-43.3%-2.4%8.2%
Sector5.3%9.2%1.7%17.5%18.4%
Rank within sector3 / 9350 / 9078 / 8372 / 8071 / 77
Quartile1st3rd4th4th4th
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.
-9.74
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.
1.2
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%.
27.44
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.
23.6
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.
-0.46
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.
0.27
Price movement
52 week high46.02
52 week low26.31
Current bid price-
Current offer price-
Current mid price46.02
Region
1Russia99.96%
2Money Market0.04%
Industry sector
1Energy53.62%
2Financials21.61%
3Materials10.36%
4Consumer Staples7.75%
5Telecommunications Utilities5.72%
6Utilities0.89%
7Money Market0.04%
Asset type
1Russian Equities99.96%
2Money Market0.04%
Individual holdings
1GAZPROM OAO17.49%
2SBERBANK OF RUSSIA16.16%
3LUKOIL OAO13.11%
4MAGNIT PJSC7.75%
5NOVATEK OAO6.47%
6MMC NORILSK NICKEL PJSC5.63%
7TATNEFTEPROM4.85%
8ROSNEFT OIL CO4.09%
9VTB BANK(PJSC)3.77%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Russian markets by replicating the MSCI Russian Standard index (net div reinvested) movements.
Benchmark
  • MSCI Russia
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Fund managers
NameSinceBiography
David Billaux01/01/2012David Billaux is Index Fund Manager at Pictet Asset Managemet. He joined Pictet in December 2011. Previously, David was Quant Index Fund Manager and Vice President at Northern Trust Global Investments. Prior to that, he worked as Equity Index Fund Manager at HSBC Asset Management, where he was responsible for the passive asset management of domestic funds in the UK, Luxembourg funds invested in the US, and Saudi Arabian funds invested globally. He joined HSBC Investments in 2001 when he started working in the industry. David started his career working at HSBC Investments as a global equity fund manager assistant from 2001 to 2003. After this, he was a Global Equity Trader from 2003 to 2005 before being promoted to his current position. David holds a degree in Finance from the Reims Management School and a degree in Financial Engineering and International Treasury from the Institut Superieur du Commerce de Paris.
Stephane Cornet01/01/2012Stephane Cornet is a Senior Investment Manager for institutional clients, with responsibility for foreign equity indexation in the Quantitative Investment team. He joined Pictet & Cie in 1993. Previously he worked for a year at GOTTEX in Lausanne, where he specialized in interest rate swaps. Stéphane graduated from the University of Fribourg with a degree in Mathematics and a master degree in Economics. He holds a CFPI diploma.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet Russia Index I GBP
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price46.02
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RI
Pictet Russia Index I USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price59.64
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code048Q
Pictet Russia Index IS USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price59.86
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code048R
Pictet Russia Index P EUR
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price52.79
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048S
Pictet Russia Index P USD
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price59.23
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048T
Pictet Russia Index R EUR
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price52.03
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048U
Pictet Russia Index R USD
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price58.38
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048V
Data provided by

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