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Franklin MENA

Ranked 2 out of 2 in - Middle East & North Africa over 12 months
All calculations are in LVL unless stated

Managed by

Stephen Dover

Stephen Dover graduated from Lewis and Clark College in Portland, Oregon with a BA degree in communications and business administration. He went on to graduate from The Wharton School of the University of Pennsylvania with an MBA in finance. Stephen is currently the managing director and international chief investment officer of Franklin Global Advisors and also oversees and manages Asian equity growth products. Prior to his current role he was founder and CIO of Bradesco Templeton Asset Management and before joining Franklin Templeton in 1997 he was a portfolio manager and principal at Newell Associates. Before this he worked for Towers Perrin Consulting in New York. Stephen is a Chartered Financial Analyst and a Certified Financial Planner.

Purav A. Jhaveri

Purav Jhaveri graduated from the Univeristy of Bombay with a bachelor of commerce degree and from the Narsee Monjee Institute of Management Studies, University of Bombay with a master’s degree in management and has an MBA from the Wharton School of the Univeristy of Pennsylvania. He started his career as a research analyst with Unit Trust of India and then joined ANZ Grindlays Bank where he was an investment advisor and research analyst. Purav then joined Franklin Templeton where he started working as a portfolio manager and research analyst in Mumbai, India. He is currently a senior vice president and investment strategist/portfolio manager in Franklin Templeton’s Local Asset Management Group. Purav is a Chartered Financial Analyst (CFA) and also holds the Financial Risk Manager (FRM) certification from the Global Association of Risk Professionals.

Bassel Khatoun

Salah Shamma

Objective

The Fund's principal investment objective is to provide long-term capital appreciation. The Fund invests primarily in transferable securities such as equity securities and fixed income securities of companies incorporated in the Middle East and North Africa countries (MENA countries) including, but not limited to Kingdom of Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco, and/or which have their principal business activities in MENA countries across the market capitalisation spectrum as well as in financial derivative instruments.

Showing fund performance in Latvia View performance globally

Performance

Middle East & North Africa over : 31/05/2016 - 31/05/2017
  • Rank 2/2 Total Return
  • Rank 2/2 Standard Deviation
  • Rank 2/2 Max Drawdown

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 1.3%
2016 -2.6% -12.6% 1.1% -3.7% 14.6%
2015 -0.9% 13.3% 1.5% -12.7% -1.3%
2014 24.2% 15.3% 0.1% 23.8% -13.1%
2013 29.1% 9.9% 2.0% 7.9% 6.9%
2012 6.2% 9.5% -4.8% 4.8% -2.9%
2011 -13.7% -13.3% -1.3% -2.1% 2.9%
2010 26.4% 17.4% 0.8% -0.5% 7.3%
2009 -0.9% -16.6% 22.2% 8.5% -10.2%
2008 -17.4% -42.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/12/2016

Top 10 Holdings

Stock Size
MORGAN STANLEY BV 01-Sep-2017 4.13
Qatar National Bank SAQ ORD 4.03
Commercial International Bank Egypt SAE DR 3.81
Emaar Properties PJSC ORD 3.80
NMC Health PLC ORD 3.70
Amanat Holdings PJSC ORD 3.25
Bank Muscat SAOG ORD 3.07
Emirates NBD Bank PJSC ORD 2.97
National Bank of Kuwait SAKP ORD 2.95
Juhayna Food Industries SAE ORD 2.57
31/12/2016

Registered For Sale In

  1. Austria
  2. Belgium
  3. Cyprus
  4. Czech Republic
  5. Denmark
  6. Estonia
  7. Finland
  8. France
  9. Germany
  10. Gibraltar
  11. Greece
  12. Guernsey
  13. Hong Kong
  14. Hungary
  15. Ireland
  16. Italy
  17. Jersey
  18. Latvia
  19. Lithuania
  20. Luxembourg
  21. Macau
  22. Netherlands
  23. Norway
  24. Poland
  25. Portugal
  26. Singapore
  27. Slovakia
  28. South Africa
  29. Spain
  30. Sweden
  31. Switzerland
  32. United Kingdom

Fund Info

  • Launch date16/06/2008
  • Share Class size35Mn
  • Base currencyUSD
  • ISIN LU0352132103

Purchase Info

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

Charges

  • Annual management1.50%

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