Fact sheet: Aberdeen Eastern European Equity

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
EMERGING MARKETS
Sector
UT Specialist
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Aberdeen Eastern European Equity

New for 2017. Has exposure to the potential benefits of a rapprochement between the US and Russia

It has been a rocky road for Eastern Europe post the financial crisis and the EU sanctions against Russia, but the situation started to improve in 2016. For long-term investors willing to take the rough with the smooth, Eastern Europe has considerable potential.

Aberdeen Eastern European Equity invests in 'European countries that are still developing their economies'. These include former Soviet bloc countries as well as others on Europe's periphery, some of which have become members of the EU. Its three largest geographical exposures recently have been to Russia, Turkey and Poland. Greece is also included in its universe.

Political and global uncertainties can affect the markets in the region. However, Aberdeen's emerging markets team, which manages the fund, focuses on finding quality companies with compelling growth stories and encouraging long-term prospects that will prosper in different economic environments.

The team follows Aberdeen's house style, which means it always meets company management before investing - and keeps meeting them. The team stresses its long-term investment perspective and views short-term market fluctuations as opportunities to add to its favoured holdings.

In sector terms, this fund's largest exposures recently have been to financials, including Turkish lenders Akbank and Garanti, and consumer staples. The potential rapprochement between the US and Russia following the election of Donald Trump (albeit with associated rising security fears in some Eastern European countries) could help improve the investment climate in the region in the next few years.

3 Year Performance
Fund Performance43.1%
Average of Rated Funds Group44.8%
Sector Performance20.6%
Fund information
Fund name
Aberdeen Eastern European Equity I Acc
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund managers
  • Global Emerging Markets Equity Teamsince 30/06/2009
Accolades
Fund objective
To achieve long term capital growth primarily in companies of developing European countries, although the Fund may also invest in companies of other European countries. The Fund may invest in investment trusts and collective investment schemes which themselves concentrate on investments in such countries, as well as securities of companies which, while listed on established stock exchanges worldwide, conduct a significant proportion of their business in these countries. The ACD's policy is not to generally employ derivatives in equity portfolios, although the Fund may use derivatives for efficient portfolio management and hedging.
Benchmark
  • MSCI EM Europe 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
3.4%
1 Year rank in sector
56/105
Sector
UT Specialist
Yield
1.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.13%
Fund size
£21m (£21m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
124
Mid price
321.66
Top in this sector
Fund name1 Year
VT Halo Gbl Asn Consumer19.8%
Baring German Gth19.3%
Fidelity EmEur Md Et Af16%
Jupiter Int Financials15.7%
Baring Korea Trust15.4%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • Russia43.2%
    Turkey19.3%
    Poland6.6%
    USA6.2%
    Greece3.9%
  • Financials28.1%
    Consumer Staples27.6%
    Energy12.6%
    Information Technology8.8%
    Health Care8.1%
  • Russian Equities43.2%
    Turkish Equities19.3%
    Polish Equities6.6%
    US Equities6.1%
    European Emerging Equities5.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%1.6%0.8%3.4%43.1%8.5%
Sector-3.3%-0.4%0.8%2%20.6%23.5%
Rank within sector48 / 11124 / 11158 / 11156 / 10519 / 10164 / 88
Quartile2nd1st3rd3rd1st3rd
Calendar performance
 YTD - 20182017201620152014
Fund0.5%5.8%41.4%0.8%-20.7%
Sector-2%8.2%22.7%-4.5%1.2%
Rank within sector22 / 11172 / 10526 / 10439 / 10089 / 95
Quartile1st3rd1st2nd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.93
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.3
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.84
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
15.02
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.92
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.78
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.68
Price movement
52 week high337.24
52 week low299.17
Current bid price-
Current offer price-
Current mid price321.66
Region
1Russia43.15%
2Turkey19.25%
3Poland6.65%
4USA6.21%
5Greece3.93%
6Portugal3.62%
7Switzerland3.52%
8Romania3.37%
9Hungary2.55%
Industry sector
1Financials28.12%
2Consumer Staples27.6%
3Energy12.58%
4Information Technology8.81%
5Health Care8.12%
6Consumer Discretionary5.19%
7Materials3.41%
8Industrials2.64%
9Others1.97%
Asset type
1Russian Equities43.15%
2Turkish Equities19.25%
3Polish Equities6.65%
4US Equities6.15%
5European Emerging Equities5.42%
6Greek Equities3.93%
7Portuguese Equities3.62%
8Swiss Equities3.52%
9Hungarian Equities2.55%
Individual holdings
1SBERBANK OF RUSSIA9.7%
2LUKOIL PJSC8.2%
3MAGNIT PJSC4.9%
4NOVATEK PJSC4.3%
5MD MEDICAL GROUP INVEST PLC4.1%
6EPAM SYSTEMS INC3.6%
7JERONIMO MARTINS SGPS3.6%
8COCA-COLA HBC AG3.5%
9BRD-GROUPE SOCIETE GENERALE3.4%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund objective
To achieve long term capital growth primarily in companies of developing European countries, although the Fund may also invest in companies of other European countries. The Fund may invest in investment trusts and collective investment schemes which themselves concentrate on investments in such countries, as well as securities of companies which, while listed on established stock exchanges worldwide, conduct a significant proportion of their business in these countries. The ACD's policy is not to generally employ derivatives in equity portfolios, although the Fund may use derivatives for efficient portfolio management and hedging.
Benchmark
  • MSCI EM Europe 10/40
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Global Emerging Markets Equity Team30/06/2009
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aberdeen Eastern European Equity A Acc
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price303.12
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOV0
Aberdeen Eastern European Equity I Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price321.66
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOU9
Data provided by

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