Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Charlemagne Magna MENA R EUR

Ranked 1 out of 52 in - Middle East & North Africa over 12 months
All calculations are in USD unless stated

Managed by

Akhilesh Baveja

Akhilesh Baveja is the lead portfolio adviser for Charlemagne Capital’s MENA strategies with responsibility for researching companies operating across the Gulf and wider Middle East. He joined the group in 2011 after two years at GLG Partners, where he specialised in Saudi Arabian equities. He was previously employed as a senior analyst at Al-Rajhi Financial Services in Riyadh, having earlier spent four years at Unit Trust of India. He holds a Master of Management Science in Finance.

Sharat Dua

Sharat Dua joined Charlemagne Capital in 2007 after five years working at Deloitte as a senior consultant. At Charlemagne, he is the lead portfolio advisor for African strategies and researches companies in all sectors across the region. He is a graduate of Oxford University and has been a CFA charterholder since 2006.


The Investment Objective of the Fund is to achieve capital growth by investing in the securities of the MENA (Middle East and North Africa) region. The MENA region presents significant opportunities to investors, as capital markets widen and deepen over time in an economically diverse area New vehicle, UCITS III structure with daily trading.

Showing fund performance globally. You can view performance in individual jurisdictions.


Middle East & North Africa over : 30/06/2016 - 30/06/2017
  • Rank 1/52 Total Return
  • Rank 45/52 Standard Deviation
  • Rank 41/52 Max Drawdown

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 9.0% 12.3%
2016 12.7% -1.4% 8.7% -6.0% 11.9%
2015 0.6% 4.9% 8.7% -7.8% -4.3%
2014 22.4% 18.4% 2.2% 18.5% -14.7%
2013 42.2% 8.8% 7.4% 11.2% 9.4%
2012 7.7% 13.5% -8.3% 3.3% 0.3%
2011 2.1% -9.7% 2.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
NMC Health PLC ORD 9.60
EUR Cash 5.78
Human Soft Holding Company KSCP ORD 5.13
Morgan Stanley BV 0.000% 01-Aug-2017 4.90
Al Rajhi Bank/HSBC Bank PLC Participatory Note 4.46
EFG Hermes Holdings SAE ORD 4.32
Emirates NBD Bank PJSC ORD 3.98
Aramex PJSC ORD 3.37

Registered For Sale In

  1. Austria
  2. Denmark
  3. France
  4. Germany
  5. Ireland
  6. Luxembourg
  7. Netherlands
  8. Switzerland

Fund Info

  • Launch date22/02/2011
  • Share Class size29Mn
  • Base currencyEUR

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment0


  • Annual management1.95%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).