Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Franklin MENA

Ranked 2 out of 5 in - Middle East & North Africa over 12 months
All calculations are in DKK 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

Salah Shamma is head of investment-MENA equity at Franklin Templeton Investments. He is co-fund manager of the Franklin MENA Fund and portfolio manager of the Franklin Templeton International Trust- Franklin World Perspectives Fund. He is one of the founding members of Franklin Templeton Investments (ME), formerly Algebra Capital, and has been with the firm since its inception in 2006. Shamma has spent the past 15 years focusing on the 12 Arab Equity Markets. His experience spans the conventional as well as the Shari’a-compliant space. Shamma holds a B.A. in business with an emphasis on finance from the American University of Beirut.

Objective

The Fund aims to increase the value of its investments over the medium to long term. The Fund invests mainly in equity securities issued by companies of any size located in, or doing significant business in, the Middle East and North Africa (MENA) region, including the regions emerging and frontier markets equity-related securities such as participatory notes to gain access to countries within the MENA region. The Investment Team evaluates each company, visiting regularly on-site to consider factors such as management quality, and aims to select securities with the potential to perform better than the equity market in the MENA region as a whole

Showing fund performance in Denmark View performance globally

Performance

Middle East & North Africa over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 5.7% 7.3%
2017 -0.8% 1.3% 0.6% -0.6% -2.1%
2016 -3.0% -12.8% 0.9% -3.7% 14.4%
2015 -0.7% 13.7% 1.3% -12.7% -1.2%
2014 24.0% 15.4% -0.1% 23.6% -13.0%
2013 28.2% 9.2% 1.9% 7.8% 6.9%
2012 6.9% 9.5% -4.3% 5.1% -3.0%
2011 -12.8% -13.3% -1.2% -2.3% 4.2%
2010 26.5% 17.5% 0.8% -0.5% 7.4%
2009 -1.0% -16.7% 23.1% 7.7% -10.4%
2008 -17.8% -42.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2018

Top 10 Holdings

Stock Size
AL-RAJH/J.P. MOR 4.11%
HSBC Bank PLC 0.000% 19-Jan-2021 3.96%
DP World Ltd ORD 3.60%
National Bank of Kuwait SAKP ORD 3.48%
Human Soft Holding Company KSCP ORD 3.08%
Emirates NBD Bank PJSC ORD 2.81%
MALATH /MLINTL 2.64%
Agility Public Warehousing Co KSCP ORD 2.55%
MORGAN STANLEY BV, AMSTERDAM 0.000% 30-Jul-2018 2.49%
Abu Dhabi Commercial Bank PJSC ORD 2.47%
30/06/2018

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. Hong Kong
  13. Hungary
  14. Ireland
  15. Italy
  16. Jersey
  17. Latvia
  18. Lithuania
  19. Luxembourg
  20. Macau
  21. Netherlands
  22. Norway
  23. Poland
  24. Portugal
  25. Singapore
  26. Slovakia
  27. South Africa
  28. Spain
  29. Sweden
  30. Switzerland
  31. United Arab Emirates
  32. United Kingdom

Fund Info

  • Launch date16/06/2008
  • Share Class size54Mn
  • Base currencyUSD
  • ISIN LU0352132103

Purchase Info

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

Charges

  • Annual management1.50%
  • Initial investment1.50%

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