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Contact details

ManagerGroupLogo
6, route de Trèves, L-2633 Senningerberg, Luxembourg
00352 3410 3020 (Main Number)

fundinfo@jpmorganfleming.com ; fundinfo@jpmorgan.com

Fund managers

* Sonal Tanna01-Aug-2008 to Present
 
view    
Oleg Biryulyov»01-Mar-2009 to Present
Navin Hingorani»01-Nov-2007 to 28-Feb-2009
Gabrielle Palmer»01-May-2007 to 30-Jul-2008
Amr Seif»29-Sep-2006 to 30-Nov-2007
Ashraf El Ansary»18-May-1998 to 28-Sep-2006


Investment objectives

To provide long-term capital growth by investing primarily in companies of the emerging markets of the Middle East region.

Key Information

Fund vs sector

  1y 3y
Position n/a n/a
Quartile n/a n/a

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 17.77 16.81
Alpha 15.28 7.96
Beta 0.60 0.74
Sharpe 0.78 0.53
Info Ratio 0.68 0.41
R2 0.10 0.40
Quartiles:   1  2  3  4   help with ratios
vs. IMA Specialist»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +10.9+45.8+28.3+12.9+16.4-26.8+20.3
  IMA SPECIALIST   -0.9+12.8+13.0+6.3+7.1-9.3+10.5
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf JPM EMERGING MIDDLE EAST EQUITY A DIS NAV USD INC 26.07 (USD) 22-Oct-2014 n/a 1.95% JQ09 5479661
pdf JPM EMERGING MIDDLE EAST EQUITY A DIS $ INC 26.07 (USD) 27.38 (USD) 22-Oct-2014 n/a 1.95% NLO9
pdf JPM EMERGING MIDDLE EAST EQUITY A DIS NAV $ INC 26.07 (USD) 22-Oct-2014 n/a 1.95% NLP9
pdf JPM EMERGING MIDDLE EAST EQUITY A DIS USD INC 25.94 (USD) 27.37 (USD) 22-Oct-2014 n/a 1.95% RT63

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£172.2m / $276.2m (31-Aug-14)
Savings plan Fund has Savings Plan  Launch18-May-1998
Pricing times0:00 DD Dealing frequencyn/a
Dealing timesn/a
Minimum initial$ 35,000
Minimum additional$ 5,000
Initial charge5.00%
Annual management charge1.50%
Note to chargesInitial Charges: 5; Annual Management Charges: 1.5;
Trustee / Depositaryn/a
Registrarn/a
Multi-Managern/a
Indexn/a
Dividend policySep 16 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Middle East Equity Energy, Financial, Industrial, Mixed IMA Specialist
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
TURKIYE GARANTI BANKASI 7.00 1 - -
THE NATIONAL BANK OF KUWAIT 5.90 2 - -
EMAAR PROPERTIES 5.60 3 - -
TURKIYE IS BANKASI 4.50 4 - -
TURKIYE HALK BANKASI A.S 4.30 5 - -
TURKCELL ILETISIM HIZMET 3.60 6 - -
QATAR NATIONAL BANK 3.50 7 - -
HACI OMER SABANCI HLDGS A.S. 3.50 8 - -
MASRAF AL-RAYAN 3.40 9 - -
KOC HLDG 2.90 10 - -
Total44.20 
Regional weightings, 31-Aug-2014
Region(%)Rank 
Turkey45.401 45.40% Turkey
United Arab Emirates15.202 15.20% United Arab Emirates
Qatar14.203 14.20% Qatar
Saudi Arabia10.004 10.00% Saudi Arabia
Kuwait10.005 10.00% Kuwait
Egypt2.806 2.80% Egypt
Money Market1.007 1.00% Money Market
Lebanon0.608 0.60% Lebanon
Jordan0.509 0.50% Jordan
Morocco0.3010 0.30% Morocco
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Financials56.001 56.00% Financials
Industrials12.002 12.00% Industrials
Consumer Discretionary7.703 7.70% Consumer Discretionary
Consumer Staples7.404 7.40% Consumer Staples
Telecommunication Services5.805 5.80% Telecommunication Services
Energy4.406 4.40% Energy
Materials4.007 4.00% Materials
Utilities1.208 1.20% Utilities
Cash1.009 1.00% Cash
Health Care0.5010 0.50% Health Care
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

Turkish Equities, 45.40%
45.4000% ofTurkish Equities
Emirian Equities, 15.20%
15.2000% ofEmirian Equities
Qatari Equities, 14.20%
14.2000% ofQatari Equities
Kuwaiti Equities, 10.00%
10.0000% ofKuwaiti Equities
Saudi Arabian Equities, 10.00%
10.0000% ofSaudi Arabian Equities
Egyptian Equity, 2.80%
2.8000% ofEgyptian Equity
Middle East & African Equities, 1.40%
1.4000% ofMiddle East & African Equities
Money Market, 1.00%
1.0000% ofMoney Market

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