Fact sheet: Renasset Eastern European

Fund information
Fund name
Renasset Eastern European AA GBP
Fund manager company
Mori Capital Management
Fund type
Offshore Fund
Fund managers
  • Aziz Unansince 01/01/2015
  • Jesse Shermansince 30/06/2014
Fund objective
The Fund seeks long-term capital appreciation through investments primarily in a portfolio of Eastern European securities.
Benchmark
  • MSCI EM Europe 10/40 - Net Return Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
33.1%
1 Year rank in sector
3/32
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.
2.5%
Fund size
£78m (£89m 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.
153
Top in this sector
Fund name1 Year
Baring Eastern Eur44.3%
JGF-Jupiter New Europe40.9%
Pictet Emerging Europe39.9%
Charlemagne Magna Eastn Eurpn35.9%
Renasset Eastern European33.1%
...more in FO Equity - Emerging Europe

Performance snapshot

Holdings snapshot

  • Russia50.7%
    Turkey22.3%
    Poland9.8%
    Greece4.7%
    International4%
  • Financials29.2%
    Energy23.3%
    Consumer Staples10.3%
    Materials10.3%
    Industrials7.7%
  • Russian Equities50.7%
    Turkish Equities22.3%
    Polish Equities9.8%
    Greek Equities4.7%
    International Equities4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.7%13.5%18.5%33.1%-16.4%-
Sector2.4%7.3%8.2%13%-16%3.2%
Rank within sector4 / 313 / 324 / 323 / 3219 / 31-
Quartile1st1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund34%-7.2%-28.5%-5.6%-
Sector12.5%-3.1%-22%-2.2%20%
Rank within sector3 / 3226 / 3125 / 3127 / 31-
Quartile1st4th4th4th
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.
-0.63
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.
1.01
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%.
20.15
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.
9.91
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.
0.77
Price movement
52 week high7.87
52 week low5.26
Current bid price-
Current offer price-
Current mid price7.89
Region
1Russia50.7%
2Turkey22.3%
3Poland9.8%
4Greece4.7%
5International4%
6Money Market2.9%
7Czech Republic2.3%
8Ukraine1.6%
9Iraq1.2%
Industry sector
1Financials29.24%
2Energy23.28%
3Consumer Staples10.3%
4Materials10.3%
5Industrials7.73%
6Telecommunications6.04%
7Derivatives3.67%
8Consumer Discretionary3.57%
9Money Market2.9%
Asset type
1Russian Equities50.7%
2Turkish Equities22.3%
3Polish Equities9.8%
4Greek Equities4.7%
5International Equities4%
6Money Market2.9%
7Czech Republic Equities2.3%
8European Emerging Equities1.6%
9Middle East & African Equities1.2%
Individual holdings
1LUKOIL OAO7.7%
2SBERBANK OF RUSSIA7.6%
3GAZPROM OAO6%
4MAGNIT PJSC4.8%
5POWSZECHNA KASA OSZCZED BK POLSKI3.9%
6POWSZECHNY ZAKLAD UBEZPIECZEN SA3.1%
7MOBILE TELESYSTEMS PJSC2.8%
8TURKIYE VAKIFLAR BANKASI TAO2.8%
9TATNEFTEPROM2.6%
Management
Fund manager group
No data available.
Fund manager company
Mori Capital Management
Fund type
Offshore Fund
Fund objective
The Fund seeks long-term capital appreciation through investments primarily in a portfolio of Eastern European securities.
Benchmark
  • MSCI EM Europe 10/40 - Net Return Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Aziz Unan01/01/2015Aziz has run the fund since launch on 3 January 2006. Aziz joined Renaissance Asset Managers in January 2012 when it assumed the investment mandate for the Renasset Ottoman Fund (ex Griffin Ottoman Fund). The Ottoman Fund was rated No1 in CEE by German Feri Ratings in 2007. Further awards are from Euro and Euro AM Sontag in 2010, 2011, 2012 and 2013 and Sauren Fondsmanager-rating in the South Eastern Europe category 2007, 2008, 2009, 2010, 2011. The Fund was recently awarded Sauren Fondsmanager-rating in Equity Emerging Markets, 2012 and Morningstar Ratings™ - Overall: 5 stars; Five years: 5 stars, and Three years: 5 stars. Prior to joining Griffin, he was Head of Research at Wood & Company in Prague. Aziz has extensive experience in equity research and IPOs in Eastern Europe, including Turkey.
Jesse Sherman30/06/2014Jesse Sherman joined Renaissance in January 2012 with the Griffin Capital Management Funds having 10+ years in finance and 5+ years focused on emerging markets as an investment analyst, sell-side research analyst and  investment banker. From 2010 to 2012 he was at Griffin Capital Management advising the Griffin Eastern European, Griffin Eastern European Value and Griffin Ottoman Funds on emerging market investments building fundamental research models and assisting in portfolio construction. Jesse’s investment research experience was also shaped by 4 years as a EMEA strategist/research analyst & 5 years as an M&A banker in the USA and Europe.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, France, United Kingdom, Ireland, Offshore, Sweden
Renasset Eastern European A EUR
Initial charge5%
Annual charge1.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price399.24
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGD59
Renasset Eastern European AA GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price7.89
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1XR
Renasset Eastern European B EUR
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price85.3
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHUY2
Renasset Eastern European C EUR
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price7.74
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG1XT
Renasset Eastern European C GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price9.27
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG1XU
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