Fact sheet: Renasset Ottoman

Fund information
Fund name
Renasset Ottoman AA GBP
Fund manager company
Mori Capital Management
Fund type
Offshore Fund
Fund manager
  • Aziz Unansince 03/01/2006
Fund objective
The Fund seeks long-term capital appreciation through investment primarily in a portfolio of Emerging European securities and opportunistically Middle East and North Africa region securities. The Fund manager specialises in investment in Emerging Europe and uses a bottom-up approach that incorporates both stock and sector views. The stock-picking style uses proprietary valuation models, target prices, stock market capitalisation, liquidity and view on management’s quality.
Benchmark
  • MSCI Emerging Europe 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
31.1%
1 Year rank in sector
34/258
Sector
FO Equity - Emerging Markets
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.
2.41%
Fund size
£51m (£67m 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.
142
Top in this sector
Fund name1 Year
GAM Star Nth of Sth EM Eq50%
Wells Fargo WW Emg Mkts Eq46%
Templeton BRIC45.2%
T. Rowe Price EmgMktsEq44.8%
Charlemagne Magna New Frontrs44.1%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Turkey42.6%
    Russia35.4%
    International6%
    Money Market5.4%
    Czech Republic5%
  • Financials30.7%
    Energy15.1%
    Industrials8.6%
    Materials8.5%
    Consumer Staples6.6%
  • Turkish Equities42.6%
    Russian Equities35.4%
    International Equities6%
    Money Market5.4%
    Czech Republic Equities5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%8%15.6%31.1%-5.4%-
Sector1.1%11.2%12.4%14%-2.8%11.6%
Rank within sector78 / 264224 / 26469 / 26034 / 258153 / 207-
Quartile2nd4th2nd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund27.5%-5.3%-13.8%--
Sector13.6%-14.3%-1.4%-0.7%14.2%
Rank within sector33 / 25940 / 243212 / 218--
Quartile1st1st4th
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.
-1.77
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.
0.91
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%.
17.41
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.
11.98
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.
-0.2
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.
0.54
Price movement
52 week high8.57
52 week low6.07
Current bid price-
Current offer price-
Current mid price8.39
Region
1Turkey42.6%
2Russia35.4%
3International6%
4Money Market5.4%
5Czech Republic5%
6Romania2.2%
7Poland1.2%
8Greece0.9%
9Ukraine0.8%
Industry sector
1Financials30.74%
2Energy15.14%
3Industrials8.61%
4Materials8.51%
5Consumer Staples6.62%
6Money Market5.4%
7Derivatives5.39%
8Real Estate4.64%
9Telecommunications4.26%
Asset type
1Turkish Equities42.6%
2Russian Equities35.4%
3International Equities6%
4Money Market5.4%
5Czech Republic Equities5%
6European Emerging Equities3%
7Polish Equities1.2%
8Greek Equities0.9%
9Kazakhstani Equities0.5%
Individual holdings
1SBERBANK OF RUSSIA8.8%
2GAZPROM OAO8%
3TURKIYE VAKIFLAR BANKASI TAO4.3%
4LUKOIL OAO4%
5NOVOLIPETSK IRON AND STEEL CORP3.8%
6PETKIM PETROKIMYA HLDG AS3%
7TURK TELEKOMUNIKASYON AS2.9%
8TURKIYE VAKIFLAR BANKASI TAO2.6%
9KARSAN OTOMOTIVE SANAY II VE TICARE2.5%
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 investment primarily in a portfolio of Emerging European securities and opportunistically Middle East and North Africa region securities. The Fund manager specialises in investment in Emerging Europe and uses a bottom-up approach that incorporates both stock and sector views. The stock-picking style uses proprietary valuation models, target prices, stock market capitalisation, liquidity and view on management’s quality.
Benchmark
  • MSCI Emerging Europe 10/40
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Aziz Unan03/01/2006Aziz 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 Ottoman A EUR
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.52%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price122.91
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG366
Renasset Ottoman AA GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.41%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price8.39
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJGDT
Renasset Ottoman C EUR
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price10.25
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLFF
Renasset Ottoman C GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price9.71
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGWUA
Renasset Ottoman C USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price10.36
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRID
Data provided by

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