Fact sheet: Turkisfund Equities

Fund information
Fund name
Turkisfund Equities A
Fund manager company
Is Asset Management
Fund type
Offshore Fund
Fund managers
  • Ali Toydemirsince 31/08/2014
  • Emrah Yücelsince 31/08/2014
Fund objective
The investment objective of the Fund is to seek return by investing in shares of the Turkish companies that provide capital appreciation and dividend income and have the potential to benefit from the economic growth and development of Turkey. The Fund targets to outperform the benchmark which represents Turkish equity market. The team taps two main sources of value added: sector selection - key to mastering the Turkish market risk and stock picking, to benefit from the companies offering the best upside potential. It is managed by an experienced teame who seek to deliver performance through a sophisticated value and growth driven approach coupled with disciplined risk management.
Benchmark
  • ISE 30
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-14.3%
1 Year rank in sector
81/92
Sector
FO Equity - Europe Single Country
Yield
-
Fund size
£32m
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.
220
Top in this sector
Fund name1 Year
Pictet Russian Equities76.2%
HSBC GIF Russia Equity62.7%
Baring Russia56.5%
Pictet Russia Index56.3%
SEB 2 Russia40.3%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Turkey97.4%
    Money Market2.6%
  • Others65.6%
    Airlines9.9%
    Conglomerates7.7%
    Oil & Gas7.4%
    Property Shares6.7%
  • Turkish Equities97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.4%-12.9%-13.1%-14.3%-17.9%-2.3%
Sector1.9%-1.7%2.6%1.5%17.6%54.5%
Rank within sector88 / 9387 / 9387 / 9381 / 9276 / 8267 / 77
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-10.7%-19.9%31.3%-28.6%56.5%
Sector3.4%9.2%1.7%17.5%18.4%
Rank within sector81 / 9383 / 894 / 8277 / 795 / 77
Quartile4th4th1st4th1st
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.
-9.01
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.
1.04
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.
-0.03
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%.
25.96
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.
22.76
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.
-0.49
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.
0.21
Price movement
52 week high45.53
52 week low34.37
Current bid price-
Current offer price-
Current mid price34.52
Region
1Turkey97.41%
2Money Market2.59%
Industry sector
1Others65.63%
2Airlines9.92%
3Conglomerates7.73%
4Oil & Gas7.39%
5Property Shares6.74%
6Money Market2.59%
Asset type
1Turkish Equities97.41%
2Money Market2.59%
Individual holdings
1AKBANK T.A.S.9.59%
2TURKIYE GARANTI BANKASI9.52%
3TURK HAVA YOLLARI6.61%
4TURKIYE HALK BANKASI A.S6.33%
5TURKIYE PETROL RAFINERILERI A.S.6.29%
Management
Fund manager group
Is Asset Management
Fund manager company
Is Asset Management
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to seek return by investing in shares of the Turkish companies that provide capital appreciation and dividend income and have the potential to benefit from the economic growth and development of Turkey. The Fund targets to outperform the benchmark which represents Turkish equity market. The team taps two main sources of value added: sector selection - key to mastering the Turkish market risk and stock picking, to benefit from the companies offering the best upside potential. It is managed by an experienced teame who seek to deliver performance through a sophisticated value and growth driven approach coupled with disciplined risk management.
Benchmark
  • ISE 30
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Ali Toydemir31/08/2014
Emrah Yücel31/08/2014
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, France, United Kingdom, Luxembourg, Netherlands, Offshore, Sweden
Turkisfund Equities A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price34.52
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LF2
Data provided by

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