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Ashmore Middle East Equity Class Z - Income (GBP)

Sell:9,849.00p Buy:9,849.00p Change: 54.00p (0.55%)
Prices as at 29 July 2021
Sell:9,849.00p
Buy:9,849.00p
Change: 54.00p (0.55%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 29 July 2021
Sell:9,849.00p
Buy:9,849.00p
Change: 54.00p (0.55%)
Prices as at 29 July 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.00%
Initial saving from HL: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 3.21%
Ongoing saving from HL: 0.00%
Net ongoing charge: 3.21%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Ashmore Investment Team
Fund launch date: 6 March 2014
Sector: Offshore
Fund size: £5 million
Number of holdings: 70
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 15:00
Trustee: Northern Trust Luxembourg Management Company S.A.
Minimum investment: £500.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

29/07/16 to 29/07/17 29/07/17 to 29/07/18 29/07/18 to 29/07/19 29/07/19 to 29/07/20 29/07/20 to 29/07/21
Annual return 6.03% 7.54% 5.39% -14.83% 36.55%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

SICAV MEF is an open-ended daily dealing UCITS IV Luxembourg fund. The Fund seeks to access the returns available from mainly equities and equity-related instruments issued by Corporates and Quasi-Sovereigns located in the Middle East (GCC and Levant countries).

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 3 January 2022
Payment date: 28 February 20224

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
NATIONAL COMMERCIAL BANK 9.59%
AL RAJHI BANK 5.12%
QATAR NATIONAL BANK 4.59%
SAUDI INTERNATIONAL PETROCHEMICAL C 4.51%
AL HAMMADI COMPANY FOR DEV & INV 3.75%
SAUDI INDUSTRAIL INVESTMENT GROUP 3.68%
BANK ALBILAD 3.55%
RIYAD BANK 3.54%
COMMERCIAL BANK 3.40%
EMAAR PROPERTIES 3.33%
Sector Weight
Banks 43.14%
Chemicals 11.59%
Travel & Leisure 4.81%
Construction & Materials 4.77%
Real Estate Investment & Services 4.63%
Cash and Equiv. 4.58%
Non-Renewable Energy 4.56%
Health Care Providers 4.50%
Telecommunications Service Providers 2.97%
Electricity 2.97%
Country Weight
Saudi Arabia 53.96%
Qatar 12.86%
United Arab Emirates 11.13%
Kuwait 6.61%
Egypt 5.38%
Cash and Equiv. 4.58%
United Kingdom 2.67%
Morocco 1.87%
Non-Classified 0.94%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 29 July 2021. Data provided by Funds Library, correct as at 30 April 2021.

FundsLibrary
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.