Fact sheet: Pictet Russian Equities

Fund information
Fund name
Pictet Russian Equities I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Christopher Bannonsince 01/10/2015
  • Hugo Bainsince 16/11/2009
  • Klaus Bockstallersince 04/03/2013
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies whose main business and/or registered office is in Russia.
Benchmark
  • MSCI RUSSIA 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
70.9%
1 Year rank in sector
-
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.
1.51%
Fund size
£208m (£107m 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.
194
Top in this sector
Fund name1 Year
Pictet Russian Equities70.9%
Baring Russia61.3%
HSBC GIF Russia Equity56.2%
Pictet Russia Index47.2%
SEB 2 Russia37.6%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Russia99.4%
    Money Market0.6%
  • Energy27%
    Financials23.4%
    Consumer Staples13.6%
    Materials13.5%
    Utilities8.5%
  • Russian Equities99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.5%27.8%37.7%70.9%1.8%18%
Sector1.9%5.9%7.7%11.6%21.1%78%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund64.6%7.8%-41.9%2.6%10.2%
Sector6.1%9.2%1.7%17.5%18.4%
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.
-6.67
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.
1.35
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%.
27.86
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.
23.15
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.
-0.29
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.
0.33
Price movement
52 week high44.59
52 week low23.68
Current bid price-
Current offer price-
Current mid price44.59
Region
1Russia99.39%
2Money Market0.61%
Industry sector
1Energy26.99%
2Financials23.44%
3Consumer Staples13.59%
4Materials13.46%
5Utilities8.5%
6Telecommunications Utilities7.67%
7Industrials3.55%
8Information Technology2.19%
9Money Market0.61%
Asset type
1Russian Equities99.39%
2Money Market0.61%
Individual holdings
1SBERBANK OF RUSSIA8.34%
2LUKOIL OAO7.88%
3MAGNIT PJSC6.07%
4GAZPROM OAO5.75%
5NOVATEK OAO3.91%
6ALROSA ZAO3.88%
7MMC NORILSK NICKEL PJSC3.87%
8SEVERSTAL PJSC3.86%
9MOSCOW EXCHANGE MICEX OJSC3.72%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies whose main business and/or registered office is in Russia.
Benchmark
  • MSCI RUSSIA 10/40
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Christopher Bannon01/10/2015
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.
Klaus Bockstaller04/03/2013Klaus 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.
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, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Russian Equities I EUR
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price51.95
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3O1
Pictet Russian Equities I GBP
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price44.59
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4SL
Pictet Russian Equities I USD
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price58.4
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3O0
Pictet Russian Equities P EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.32%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price48.38
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3O3
Pictet Russian Equities P USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price54.38
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3O2
Pictet Russian Equities P dy GBP
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price39.3
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYS3
Pictet Russian Equities P dy USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.32%
Total expense ratio (TER)2.15%
Bid price-
Offer price-
Mid price51.47
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC3O4
Pictet Russian Equities R EUR
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.02%
Total expense ratio (TER)2.86%
Bid price-
Offer price-
Mid price45.56
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEP5
Pictet Russian Equities R USD
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.02%
Total expense ratio (TER)2.84%
Bid price-
Offer price-
Mid price51.2
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3O5
Pictet Russian Equities Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price63.36
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOJG
Data provided by

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