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

7.49 %

1 Year rank in sector

16/17

Sector

FO Equity - Africa

Yield
-
Fund size

£ 41.6 m

FE Risk score

141

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • South Africa
    44.39%
  • Egypt
    13.1%
  • Money Market
    12.02%
  • Morocco
    8.99%
  • UK
    7.1%
  • Financials
    28.63%
  • Consumer Staples
    14.2%
  • Consumer Discretionary
    12.62%
  • Money Market
    12.02%
  • Materials
    11.66%
  • South African Equities
    44.39%
  • African Equity
    21.29%
  • Egyptian Equity
    13.1%
  • Money Market
    12.02%
  • UK Equities
    7.1%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund8.56 %11.62 %7.49 %-13.05 %-4.46 %
Sector6.71 %12.29 %48.12 %-0.13 %-6.89 %
Rank within sector6 / 147 / 1716 / 1711 / 168 / 13
Quartile th2 nd2 nd4 th3 rd3 rd

Calendar performance

YTD-20182017201620152014
Fund1.95 %7.02 %1.53 %-20.28 %4.75 %
Sector2.2 %46.09 %-3.23 %-33.6 %-5.14 %
Rank within sector8 / 1415 / 177 / 165 / 163 / 14
Quartile th3 rd4 th2 nd2 nd1 st

Risk statistics

Alpha-3.57
Beta0.36
Sharpe-0.01
Volatility14.06
Tracking error17.28
Information ratio-0.14
R-Squared0.23

Price movement

52 week high13.06
52 week low11.21
Current bid price0
Current offer price0
Current mid price13.06

Holdings by region

  • 44.39% South Africa
  • 13.1% Egypt
  • 12.02% Money Market
  • 8.99% Morocco
  • 7.1% UK
  • 5.44% Kenya
  • 4.36% Nigeria
  • 2.5% Mauritius
  • 2.11% Tanzania

Holdings by sector

  • 28.63% Financials
  • 14.2% Consumer Staples
  • 12.62% Consumer Discretionary
  • 12.02% Money Market
  • 11.66% Materials
  • 8.76% Telecommunications Utilities
  • 5.64% Industrials
  • 3.2% Real Estate
  • 1.64% Health Care
  • 1.3% Energy

Holdings by asset type

  • 44.39% South African Equities
  • 21.29% African Equity
  • 13.1% Egyptian Equity
  • 12.02% Money Market
  • 7.1% UK Equities
  • 2.11% Middle East & African Equities

Individual holdings

  • 7.37% NASPERS
  • 3.73% COMMERCIAL INTL BANK(EGYPT)S.A.E
  • 3.02% FIRSTRAND
  • 2.92% ANGLO AMERICAN
  • 2.83% MTN GROUP
  • 2.82% SANLAM
  • 2.67% MAROC TELECOM
  • 2.61% SAFARICOM LTD
  • 2.55% SASOL
  • 2.17% STANDARD BANK GROUP