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Bellevue F (Lux) BB African Opportunities B EUR

Ranked 2 out of 13 in - Africa over 12 months
All calculations are in GBP

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.

Andy Gboka

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

Africa over : 30/06/2014 - 30/06/2015

Total Return

Quarterly Performance

to 30/06/2015 Annual Q1 Q2 Q3 Q4
2015 2.2% -7.4%
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

31/03/2015

Top 10 Holdings

Stock Size
El Sewedy Electric Co SAE ORD 5.38
Qatar National Bank Alahly SAE ORD 4.26
Old Mutual PLC ORD 3.89
Credit Agricole Egypt SAE ORD 3.64
Global Telecom Holding SAE DR 3.56
Housing and Development Bank SAE ORD 3.41
Commercial International Bank Egypt SAE DR 3.27
Attijariwafa Bank SA ORD 3.17
Lesieur Ste SA ORD 3.14
GB AUTO SAE RTS 2.99
31/03/2015

Registered For Sale In

  1. Austria
  2. Germany
  3. Luxembourg
  4. Spain
  5. Switzerland
  6. United Kingdom

Fund Info

  • Launch date30/06/2009
  • Share Class size96Mn
  • Base currencyEUR
  • ISIN LU0433847240

Purchase Info

  • Min. initial investment0
  • Min. additional investment0

Charges

  • Annual management1.6%

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