Charlemagne Magna MENA R EUR
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.
Objective
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.
Performance
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Rank 1/52 Total Return
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Rank 45/52 Standard Deviation
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Rank 41/52 Max Drawdown
| Fund Name | Currency | Return | |
|---|---|---|---|
| 1 | Charlemagne Magna MENA R EUR | USD | 28.8% |
| 2 | Lazard MENA Inst USD Acc | USD | 26.4% |
| 3 | Deka-Global ConvergenceAktien CF | USD | 19.0% |
| 4 | Duet MENA Horizon | USD | 17.9% |
| 5 | Protea UCITS II-Duet Mena Horizon A USD Restricted | USD | 16.0% |
| View full league table | |||
| Fund Name | Currency | Risk | |
|---|---|---|---|
| 43 | Deka-Global ConvergenceAktien CF | USD | 10.8 |
| 44 | Makaseb Arab Tigers MATF | USD | 10.9 |
| 45 | Charlemagne Magna MENA R EUR | USD | 11.4 |
| 46 | SEF LHV Persian Gulf Fund | USD | 12.0 |
| 47 | VTWM Special Funds - Middle East Equity USD | USD | 12.2 |
| View full league table | |||
| Fund Name | Currency | Loss | |
|---|---|---|---|
| 39 | Rasmala GCC Islamic Equity Income Fund Rasmala Cap | USD | -8.4% |
| 40 | Tharwa Islamic | USD | -8.5% |
| 41 | Charlemagne Magna MENA R EUR | USD | -8.5% |
| 42 | GTF - MENA C Acc USD | USD | -8.6% |
| 43 | KAMCO GCC Opportunistic Fund | USD | -9.6% |
| View full league table | |||
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
Breakdown
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 |
| DALLAH /CREDIT S | 4.00 |
| Emirates NBD Bank PJSC ORD | 3.98 |
| TAWUNIY/DB | 3.40 |
| Aramex PJSC ORD | 3.37 |
Registered For Sale In
- Austria
- Denmark
- France
- Germany
- Ireland
- Luxembourg
- Netherlands
- Switzerland
Fund Info
- Launch date22/02/2011
- Share Class size29Mn
- Base currencyEUR
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ISIN IE00B3NMJY03
Purchase Info
- Min. initial investment5,000
- Min. regular additional investment0
Charges
- Annual management1.95%