Fact sheet: VAM Frontier Markets

Fund information
Fund name
VAM Frontier Markets A USD
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund managers
  • Driehaus Capital Management LLCsince 31/07/2014
  • Chad Cleaversince 31/07/2014
Fund objective
The investment objective of the Compartment is to maximise capital appreciation over each full market cycle. To achieve this objective, the Fund will invest primarily in equity and equity related securities of companies domiciled in Frontier Markets that are dealt on an Eligible Market.
Benchmark
  • MSCI Frontier Markets
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
5.3%
1 Year rank in sector
193/258
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.
2.76%
Fund size
£0m
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.
86
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs46.8%
GAM Star Nth of Sth EM Eq43.1%
HSBC GIFEconScaleIxGEMEq42.2%
Dimensional EmMkt Tgt Val38%
Schroder ISF QEP Gl Eg Mts37.1%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Pakistan15.1%
    Vietnam13.1%
    Bangladesh12.5%
    Argentina10%
    Romania8.8%
  • Financials41.2%
    Consumer Staples11.2%
    Materials10.8%
    Industrials9.2%
    Telecommunications Utilities7.3%
  • Asia Pacific Emerging Equities32.4%
    African Equity16.3%
    Asia Pacific Equities12.5%
    American Emerging Equities10%
    European Emerging Equities9.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.7%0.5%5.3%--
Sector-2.6%-4%5.4%9.2%-6.3%3.1%
Rank within sector37 / 26365 / 267206 / 263193 / 258--
Quartile1st1st4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.2%-9.2%---
Sector10.6%-14.3%-1.4%-0.7%14.2%
Rank within sector185 / 25869 / 241---
Quartile3rd2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high93.71
52 week low80.49
Current bid price-
Current offer price-
Current mid price90.3
Region
1Pakistan15.11%
2Vietnam13.06%
3Bangladesh12.46%
4Argentina9.96%
5Romania8.81%
6Kenya7.51%
7Nigeria5.26%
8Egypt4.41%
9Sri Lanka4.27%
Industry sector
1Financials41.2%
2Consumer Staples11.19%
3Materials10.84%
4Industrials9.21%
5Telecommunications Utilities7.34%
6Utilities6.01%
7Health Care5.78%
8Consumer Discretionary4.06%
9Real Estate1.85%
Asset type
1Asia Pacific Emerging Equities32.44%
2African Equity16.31%
3Asia Pacific Equities12.46%
4American Emerging Equities9.96%
5European Emerging Equities9.68%
6Egyptian Equity4.41%
7UK Equities4.2%
8European Equities2.95%
9Thai Equities2.54%
Individual holdings
1SAFARICOM LTD5.04%
2BANCA TRANSILVANIA CLUJ4.94%
3BANCO MACRO S.A.3.83%
4 JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM3.41%
5GRUPO FINANCIERO GALICIA SA3.34%
6ZENITH BANK3.24%
7BRAC BANK LTD2.54%
8HUB POWER CO2.47%
9VIETNAM DAIRY PRODUCT CO2.43%
Management
Fund manager group
VAM Funds
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund objective
The investment objective of the Compartment is to maximise capital appreciation over each full market cycle. To achieve this objective, the Fund will invest primarily in equity and equity related securities of companies domiciled in Frontier Markets that are dealt on an Eligible Market.
Benchmark
  • MSCI Frontier Markets
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Driehaus Capital Management LLC31/07/2014Driehaus Capital Management is a privately-held investment management firm based in Chicago, Illinois. Registered as an investment adviser with the U.S. Securities and Exchange Commission since 1983, the firm manages global, emerging markets, U.S. growth equity and alternative investment strategies.
Chad Cleaver31/07/2014Mr Chad Cleaver joined Driehaus Capital Management in 2004. He received his A.B. in economics from Wabash College in 2000 and his MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill in 2004. Mr Cleaver is a CFA charter holder and has six years of Emerging Markets portfolio management experience.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore, Singapore, Sweden, South Africa
VAM Frontier Markets A USD
Initial charge5%
Annual charge2.25%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.3
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSDM
VAM Frontier Markets E USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.34
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0GJ
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.