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
Fund objective
The Fund seeks long-term capital appreciation through investments primarily in a portfolio of Eastern European securities. The manager uses a bottom-up approach to incorporate both stock and sector views. The manager’s stockpicking style is a combination of proprietary valuation models, target prices, stock market capitalisation, liquidity and his view on the management’s quality. Please note that A Euro shares are closed to new subscriptions.
Benchmark
  • MSCI EM Europe 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
37.8%
1 Year rank in sector
2/28
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
£86m (£81m 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.
149
Top in this sector
Fund name1 Year
Pictet Emerging Europe47.4%
Baring Eastern Eur43.6%
JGF-Jupiter New Europe40.5%
Renasset Eastern European37.8%
Charlemagne Magna Eastn Eurpn37.7%
...more in FO Equity - Emerging Europe

Performance snapshot

Holdings snapshot

  • Russia49.5%
    Turkey23.4%
    Poland11.5%
    Greece5.4%
    Czech Republic3.1%
  • Financials31%
    Energy25%
    Materials9.7%
    Consumer Staples8.8%
    Industrials8.4%
  • Russian Equities49.5%
    Turkish Equities23.4%
    Polish Equities11.5%
    Greek Equities5.4%
    Czech Republic Equities3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%3.7%13.9%37.8%5.1%17.9%
Sector1.6%2.5%14.1%24.5%3.2%16.8%
Rank within sector6 / 289 / 2814 / 282 / 2814 / 2715 / 27
Quartile1st2nd2nd1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund5%46.7%-7.2%-28.5%-5.6%
Sector6.7%22.7%-3.1%-22%-2.2%
Rank within sector14 / 282 / 2823 / 2722 / 2725 / 27
Quartile2nd1st4th4th4th
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.
0.15
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.
1.02
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
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%.
19.77
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.
10.22
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.
-0.03
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.
0.75
Price movement
52 week high9.08
52 week low6.56
Current bid price-
Current offer price-
Current mid price9.07
Region
1Russia49.5%
2Turkey23.4%
3Poland11.5%
4Greece5.4%
5Czech Republic3.1%
6Money Market2.6%
7Ukraine1.7%
8Others1.3%
9Austria1.1%
Industry sector
1Financials31%
2Energy25%
3Materials9.7%
4Consumer Staples8.8%
5Industrials8.4%
6Others5.7%
7Consumer Discretionary4.1%
8Telecommunications4%
9Cash & Cash Equivalents2.6%
Asset type
1Russian Equities49.5%
2Turkish Equities23.4%
3Polish Equities11.5%
4Greek Equities5.4%
5Czech Republic Equities3.1%
6Money Market2.6%
7European Emerging Equities1.7%
8International Equities1.3%
9Austrian Equities1.1%
Individual holdings
1GAZPROM OAO7.6%
2SBERBANK OF RUSSIA7.2%
3LUKOIL PJSC6%
4POWSZECHNY ZAKLAD UBEZPIECZEN SA4.6%
5POWSZECHNA KASA OSZCZED BK POLSKI4.5%
6MAGNIT PJSC4.2%
7HALKBANK SKOPJE3.6%
8TATNEFT PJSC3.2%
9SURGUTNEFTEGAZ3.1%
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. The manager uses a bottom-up approach to incorporate both stock and sector views. The manager’s stockpicking style is a combination of proprietary valuation models, target prices, stock market capitalisation, liquidity and his view on the management’s quality. Please note that A Euro shares are closed to new subscriptions.
Benchmark
  • MSCI EM Europe 10/40
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.
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)2.28%
Bid price-
Offer price-
Mid price458.68
CurrencyEUR
Price updated24/05/2017
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)1.94%
Bid price-
Offer price-
Mid price9.07
CurrencyGBP
Price updated24/05/2017
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)2.38%
Bid price-
Offer price-
Mid price97.8
CurrencyEUR
Price updated24/05/2017
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)1.86%
Bid price-
Offer price-
Mid price8.91
CurrencyEUR
Price updated24/05/2017
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)1.84%
Bid price-
Offer price-
Mid price10.66
CurrencyGBP
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG1XU
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