Fact sheet: Nordea 1 African Equity

Fund information

Fund name
Nordea 1 African Equity BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
John Mackie
since 17/11/2008
Fund objective
The fund selects companies whose earnings are set to grow faster than the market and are driven by domestic economical growth. Sizes and industries differ, however focus is on large innovative companies concentrating on their core business as well as new future growth businesses. Initial allocation is foreseen to be approximately 50% invested in South-African equities and approximately 50 % in other African equities. Exposure to Pan-African equities will be increased according to market development and liquidity.
Benchmark
No Specified Index
Investment style
Growth
Investment method
Shares

Quick stats

1 Year return

2.05 %

1 Year rank in sector

15/17

Sector

FO Equity - Africa

Yield
-
Fund size

£ 33.0 m

FE Risk score

136

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • South Africa
    44.63%
  • Egypt
    17.16%
  • Morocco
    11.05%
  • UK
    7.01%
  • Kenya
    6.6%
  • Financials
    28.61%
  • Consumer Discretionary
    14.9%
  • Consumer Staples
    14.87%
  • Materials
    10.35%
  • Telecommunications Utilities
    9.39%
  • South African Equities
    44.63%
  • African Equity
    22.15%
  • Egyptian Equity
    17.16%
  • UK Equities
    7.01%
  • Money Market
    6.57%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund2.94 %4.38 %2.05 %-22.4 %-10.64 %
Sector0.84 %20.39 %35.85 %-15.05 %-8.41 %
Rank within sector2 / 1711 / 1715 / 1710 / 178 / 14
Quartile th1 st3 rd4 th3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund-0.42 %1.53 %-20.28 %4.75 %2.39 %
Sector35.64 %-3.23 %-33.6 %-5.14 %1.82 %
Rank within sector15 / 177 / 177 / 174 / 1512 / 14
Quartile th4 th2 nd2 nd2 nd4 th

Risk statistics

Alpha-6.35
Beta0.32
Sharpe-0.02
Volatility13.29
Tracking error17.31
Information ratio-0.11
R-Squared0.21

Price movement

52 week high12.53
52 week low11.21
Current bid price0
Current offer price0
Current mid price11.92

Holdings by region

  • 44.63% South Africa
  • 17.16% Egypt
  • 11.05% Morocco
  • 7.01% UK
  • 6.6% Kenya
  • 6.57% Money Market
  • 2.86% Mauritius
  • 2.49% Tanzania
  • 1.64% Nigeria

Holdings by sector

  • 28.61% Financials
  • 14.9% Consumer Discretionary
  • 14.87% Consumer Staples
  • 10.35% Materials
  • 9.39% Telecommunications Utilities
  • 6.57% Money Market
  • 6.33% Industrials
  • 5.2% Real Estate
  • 1.65% Health Care
  • 1.61% Energy

Holdings by asset type

  • 44.63% South African Equities
  • 22.15% African Equity
  • 17.16% Egyptian Equity
  • 7.01% UK Equities
  • 6.57% Money Market
  • 2.49% Middle East & African Equities

Individual holdings

  • 9.42% NASPERS
  • 4.24% COMMERCIAL INTL BANK(EGYPT)S.A.E
  • 3.44% FIRSTRAND
  • 3.2% MAROC TELECOM
  • 3.16% ANGLO AMERICAN
  • 2.85% MTN GROUP
  • 2.82% SAFARICOM LTD
  • 2.37% SANLAM
  • 2.33% EFG HERMES HLDGS
  • 2.22% EL SWEDY ELECTRIC CO