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Lazard MENA Inst USD Acc

Ranked 23 out of 65 in - Middle East & North Africa over 12 months
All calculations are in USD unless stated

Managed by

Fadi Al-Said

Born in Amman in Jordan and now based in Dubai, Fadi Al-Said is a Senior Investment Manager and Head of Investments at ING Investment Management. Al-Said joined ING in 2008 after a varied career, having previously worked for the National Bank of Dubai, Damac Invest, Bank Al-Jazira and Arab Bank. Al-Said runs the ING Middle East and Africa Fund, which holds MENA equities. The fund is managed with a bottom-up and value-based approach, with Al-Said seeking defensive growth. Al-Said is a CFA Charter Holder, and holds degrees in Economics, Management and Finance. In his spare time, he enjoys golf and football.

Walid Mourad

Walid Mourad is a portfolio manager/analyst on Lazard's Middle East North African Equity team. He began working in investment in 2003. Prior to joining Lazard in 2014, he was a portfolio manager and senior investment analyst at ING Investment Management Middle East, co-managing the ING MENA fund. Previously, Mourad was a regional equity analyst at NBD Investment Bank’s Asset Management division, responsible for the coverage of KSA, UAE, Qatar, Jordan and Lebanon. Prior to that, Mourad worked as a management consultant for one of the top consulting companies in Lebanon. He holds a master's honours degree in economics from the Saint Joseph University in Lebanon.

Objective

The Fund will pursue its objective primarily by investing in equities (shares) of companies that are domiciled, incorporated, listed or do significant business in MENA Countries (i.e. the countries of the Middle East and North Africa region). Companies that derive 30% or more of their net assets and/or revenues from MENA Countries will be considered to do significant business in those countries.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Middle East & North Africa over : 31/10/2017 - 31/10/2018
  • Rank 23/65 Total Return
  • Rank 40/65 Standard Deviation
  • Rank 40/65 Max Drawdown
Fund Name Currency Return
21 Al Ahli Kuwaiti USD

5.0%

22 NIC Al-Darij Investment USD

4.8%

23 Lazard MENA Inst USD Acc USD

4.7%

24 Markaz Investment & Development USD

4.5%

24 Al Mal MENA Equity USD

4.5%

24 Magna MENA R EUR USD

4.5%

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 7.4% 1.5% -3.8%
2017 26.8% 6.5% 5.5% 5.7% 6.7%
2016 15.6% 0.3% 2.5% -0.6% 13.1%
2015 -10.5% 2.4% 7.2% -10.7% -8.7%
2014 4.9% 11.1% 0.3% 13.0% -16.7%
2013 9.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2018

Top 10 Holdings

Stock Size
Raya Contact Center Co ORD 5.37%
Union National Bank PJSC ORD 5.24%
ADES International Holding Ltd ORD 4.66%
SAUDI K/J.P. MOR 4.25%
MORGAN STANLEY BV, AMSTERDAM 0.000% 08-Mar-2019 3.75%
Bank Muscat SAOG ORD 3.70%
HSBC BANK PLC, LONDON 0.000% 13-May-2019 3.43%
SAUDI B/J.P. MOR 3.35%
ALAFCO Avaiation Lease and Finance Company KSCP ORD 3.04%
National Bank of Ras Al Khaimah PSC ORD 3.01%
30/09/2018

Registered For Sale In

  1. Austria
  2. Germany
  3. Ireland
  4. Switzerland
  5. United Kingdom

Fund Info

  • Launch date03/07/2013
  • Share Class size25Mn
  • Base currencyUSD
  • ISIN IE00B7YD8J82

Purchase Info

  • Min. initial investment500,000
  • Min. regular additional investment10,000

Charges

  • Annual management1.00%

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