Bellevue F (Lux) BB African Opportunities B EUR
Managed by
Malek Bou-Diab
Malek Bou-Diab is a portfolio manager at Bellevue Asset Management and co-manages the Bellevue F (Lux) BB African Opportunities fund alongside Elena Ogram and Havard Chi. The fund focuses on stocks from companies based in the emerging African markets, and the team follow a defensive growth strategy in managing the fund, rotating the portfolio when market cycle changes are identified. Bou-Diab worked as a quantitative analyst at Deutsche Bank for two years, later joining Julius Baer and Co where he was a portfolio manager, before moving to Bellevue in 2009. Outside of fund management, Bou-Diab enjoys skiing and mountain climbing, and holds a PhD in Physics from ETH Zurich.
Objective
The fund's investment objective is the achievement of long-term capital growth by investing at least two thirds of its in a portfolio of carefully chosen shares and other equities of companies, who have their registered office or carry out the majority of their economic activity in African countries including the Gulf Cooperation Council countries.
Performance
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Rank 8/11 Total Return
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Rank 6/11 Standard Deviation
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Rank 6/11 Max Drawdown
| Fund Name | Currency | Return | |
|---|---|---|---|
| 6 | Imara African Opportunities Fund Limited | GBP | 17.8% |
| 7 | Deutsche Invest I Africa LC | GBP | 16.4% |
| 8 | Bellevue F (Lux) BB African Opportunities B EUR | GBP | 16.3% |
| 9 | Allan Gray Africa ex-SA Equity Limited E | GBP | 16.1% |
| 10 | Templeton Africa A (acc) USD | GBP | 10.7% |
| View full league table | |||
| Fund Name | Currency | Risk | |
|---|---|---|---|
| 4 | Silk - African Lions Fund R | GBP | 17.2 |
| 5 | JPM Africa Equity A (perf) Acc USD | GBP | 17.2 |
| 6 | Bellevue F (Lux) BB African Opportunities B EUR | GBP | 17.5 |
| 7 | Allan Gray Africa ex-SA Equity Limited E | GBP | 20.4 |
| 8 | Charlemagne Magna Africa C USD | GBP | 21.0 |
| View full league table | |||
| Fund Name | Currency | Loss | |
|---|---|---|---|
| 4 | JPM Africa Equity A (perf) Acc USD | GBP | -8.0% |
| 5 | Templeton Africa A (acc) USD | GBP | -8.5% |
| 6 | Bellevue F (Lux) BB African Opportunities B EUR | GBP | -8.8% |
| 7 | Silk - African Lions Fund R | GBP | -9.1% |
| 8 | Alquity SICAV-Alquity Africa I USD | GBP | -10.8% |
| View full league table | |||
Total Return
Quarterly Performance
| to 31/03/2017 | Annual | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|---|
| 2017 | 2.4% | ||||
| 2016 | 16.9% | 4.1% | 7.3% | 2.4% | 2.2% |
| 2015 | -18.1% | 2.2% | -7.4% | -11.0% | -2.6% |
| 2014 | 3.8% | -0.3% | 2.1% | 9.0% | -6.5% |
| 2013 | 7.0% | 6.3% | -7.2% | 4.3% | 4.1% |
| 2012 | 24.1% | 13.3% | -2.6% | 15.6% | -2.8% |
| 2011 | -26.7% | -10.2% | -1.5% | -18.5% | 1.7% |
| 2010 | 27.9% | 20.3% | -7.5% | 4.3% | 10.2% |
| 2009 | 12.9% | 1.1% |
Month by Month Performance
Returns Vs Risk
Asset Allocation
Breakdown
Top 10 Holdings
| Stock | Size |
|---|---|
| El Sewedy Electric Co SAE ORD | 5.85 |
| Naspers Ltd ORD | 5.08 |
| First Quantum Minerals Ltd ORD | 4.24 |
| Credit Agricole Egypt SAE ORD | 4.05 |
| Lesieur Ste SA ORD | 3.95 |
| Douja Promotion Groupe Addoha SA ORD | 3.63 |
| Randgold Resources Ltd DR | 3.55 |
| Old Mutual PLC ORD | 3.52 |
| Housing and Development Bank SAE ORD | 3.06 |
| Marsa Maroc SA ORD | 2.97 |
Registered For Sale In
- Austria
- Germany
- Luxembourg
- Spain
- Switzerland
- United Kingdom
Fund Info
- Launch date30/06/2009
- Share Class size56Mn
- Base currencyEUR
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ISIN LU0433847240
Purchase Info
- Min. initial investment0
- Min. regular additional investment0
Charges
- Annual management1.60%