Fact sheet: T. Rowe Price MEast& Africa Eq

Fund information
Fund name
T. Rowe Price Middle East And Africa Equity A USD
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund managers
  • Oliver Bellsince 10/10/2011
Fund objective
To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks of companies in the developing countries of the Middle East and Africa. The fund may use derivatives for hedging and efficient portfolio management.
Benchmark
  • S&P Emerging Market/Frontier Middle East & Africa Broad Market Index ex Israel
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-5%
1 Year rank in sector
5/14
Sector
FO Equity - MENA
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.
2.07%
Fund size
£7m (£10m 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.
130
Top in this sector
Fund name1 Year
Baring MENA9.6%
JB Mltsck Afr Fcs0.8%
Charlemagne Magna MENA-1.3%
Schroder ISF Mid East-1.4%
T. Rowe Price MEast& Africa Eq-5%
...more in FO Equity - MENA

Performance snapshot

Holdings snapshot

  • South Africa37.8%
    Saudi Arabia18.3%
    United Arab Emirates15%
    Egypt5.6%
    UK5.1%
  • Financials33%
    Consumer Discretionary16.6%
    Materials11.4%
    Health Care8.5%
    Services8.4%
  • South African Equities37.8%
    Saudi Arabian Equities18.3%
    Emirian Equities15%
    African Equity9.1%
    Egyptian Equity5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-0.4%6.1%-5%-5.9%32.9%
Sector-0.9%-0.2%2%-6.1%-0.6%29%
Rank within sector6 / 146 / 143 / 145 / 148 / 135 / 12
Quartile2nd2nd1st2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.6%-19.7%9.2%23%17.9%
Sector-0.5%-15%12.2%20.2%14.2%
Rank within sector5 / 1411 / 148 / 136 / 124 / 12
Quartile2nd4th3rd2nd2nd
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.
-1.98
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.
1.09
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%.
15.96
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.
6.61
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.
-0.32
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.
0.83
Price movement
52 week high7.75
52 week low5.6
Current bid price-
Current offer price-
Current mid price6.99
Region
1South Africa37.8%
2Saudi Arabia18.3%
3United Arab Emirates15%
4Egypt5.6%
5UK5.1%
6Qatar4.8%
7Kenya2.9%
8Nigeria2.8%
9Money Market2.2%
Industry sector
1Financials33%
2Consumer Discretionary16.6%
3Materials11.4%
4Health Care8.5%
5Services8.4%
6Telecommunications Utilities8.3%
7Consumer Staples7.8%
8Energy2.9%
9Money Market2.2%
Asset type
1South African Equities37.8%
2Saudi Arabian Equities18.3%
3Emirian Equities15%
4African Equity9.1%
5Egyptian Equity5.6%
6UK Equities5.1%
7Qatari Equities4.8%
8Money Market2.2%
9Middle East & African Equities1.3%
Individual holdings
1NASPERS9.26%
2FIRSTRAND4.31%
3ASPEN PHARMACARE HLDGS3.57%
4MTN GROUP3.19%
5COMMERCIAL INTL BANK(EGYPT)S.A.E2.81%
6MR PRICE GROUP LTD2.77%
7HSBC BANK PLC PLAMS1167 31/07/17(ALMARAI ORD)USD19.272.7%
8SAFARICOM LTD2.45%
9SABIC AB DBK P-NT SAUDI BASIC IND CORP 19700101 0 201609272.41%
Management
Fund manager group
T. Rowe Price
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund objective
To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks of companies in the developing countries of the Middle East and Africa. The fund may use derivatives for hedging and efficient portfolio management.
Benchmark
  • S&P Emerging Market/Frontier Middle East & Africa Broad Market Index ex Israel
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Oliver Bell10/10/2011Oliver Bell is a Senior Investment Manager in the Global Emerging Markets Equities team, specialising in the Eastern European, Middle Eastern and African markets. He is also the Emerging Markets Manager responsible for PAM's proprietary database. He joined Pictet in 1997 as the Emerging Markets Research Manager responsible for a small team of analysts focused on data collection for the proprietary database and subsequent analysis. At the same time he was instrumental in the transformation of the database into the stable and robust platform that exists today. Before joining Pictet he worked for Derwent Information, a scientific and patent information company, managing company re-engineering projects for five years. Oliver graduated in 1992 with a BSc (Hons) in Chemistry from the University of Exeter and holds the Investment Management Certificate.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
T. Rowe Price Middle East And Africa Equity A EUR
Initial charge5%
Annual charge1.9%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.07%
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price6.21
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB4Y4
T. Rowe Price Middle East And Africa Equity A USD
Initial charge5%
Annual charge1.9%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.07%
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price6.99
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB4Y3
T. Rowe Price Middle East And Africa Equity I EUR
Initial charge-
Annual charge1%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price8.9
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB4Y6
T. Rowe Price Middle East And Africa Equity I USD
Initial charge-
Annual charge1%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price10.01
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB4Y5
T. Rowe Price Middle East And Africa Equity Q EUR
Initial charge-
Annual charge1%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price8.88
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKX4M
Data provided by

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