EstonianSEF-LHV Persian Gulf Fund
- Net Asset Value
- 11.6849 EUR
- Issue Price
- 11.6849 EUR
- Redemption Price
- 11.5681 EUR
- Fund volume**
- 11,272,282 EUR
- Today
- 0.38%
- YTD
- 3.05%
- 1 y
- 2.64%
- 3 y*
- -7.86%
- 5 y*
- 9.26%
* 3 and 5 years annualised
Geographic division**
- UAE
- 40.20%
- Saudi Arabia
- 23.47%
- Qatar
- 16.17%
- Oman
- 7.55%
- Bahrain
- 5.20%
- Kuwait
- 4.66%
- Cash
- 2.75%
Sectoral division**
- Banks
- 26.21%
- Industry
- 23.87%
- Services
- 21.83%
- Property
- 11.80%
- Regional funds
- 9.21%
- Telecom
- 4.33%
- Cash
- 2.75%
10 largest investments**
- EFG-Hermes Saudi Arabia Equity
- 9.21%
- Ras Al Khaimah Ceramics
- 8.75%
- Bank Muscat
- 7.55%
- Emaar Properties
- 7.41%
- SipChem
- 6.57%
- Dubai Islamic Bank
- 6.03%
- Fawaz Abdulaziz Alhokair
- 4.80%
- Aluminium Bahrain
- 4.70%
- Aldar Properties
- 4.38%
- Emirates NBD
- 4.31%
News
In order to place a standing order, please contact our Customer Support by phone +372 6 800 400 or e-mail info@lhv.ee
Fund Strategy
The LHV Persian Gulf Fund invests primarily in listed equities in the Gulf Cooperation Council member states incl. Bahrain, Oman, Qatar, Kuwait, United Arab Emirates and Saudi Arabia.
The fund sees growth opportunities outside the energy sector, which is why it invests mainly in banking, insurance, infrastructure, communications, construction, power and water companies.
Why should you invest in the fund?
- The oil and natural gas reserves of the GCC countries are among the biggest in the world, guaranteeing a strong foreign trade balance and inflow of oil dollars. At least 45% of the world’s oil and 20% of natural gas is thought to be in GCC countries.
- The wealth generated by oil is invested in the development of other sectors (industry, trade, tourism) to reduce the region’s dependence on just one industry. Big public sector investments in their turn support rapid economic growth and development in the region.
- The population of GCC countries is over 40 million, but many companies of the region also sell their products and services in other countries in the Middle East and North Africa (MENA), whose total population exceeds 400 million.
- GCC countries are liberal and heading in the direction of free market economy.
- The LHV Fund offers a unique opportunity to invest in the rapidly developing GCC region. No other opportunity like this can be found anywhere near us.
Monthly returns of the fund
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|---|
| 01 | +0.83% | +8.91% | +3.62% | -0.95% | -13.62% | +0.51% |
| 02 | +7.88% | +1.81% | +8.06% | +3.19% | +8.77% | +1.65% |
| 03 | +3.41% | +1.87% | +2.68% | -3.15% | +4.03% | -0.41% |
| 04 | -2.03% | +5.88% | +4.04% | +6.82% | +1.44% | +2.46% |
| 05 | -5.46% | +9.17% | +2.42% | -1.68% | -4.06% | -0.26% |
| 06 | -1.62% | -2.18% | -8.20% | -0.04% | +0.55% | -1.45% |
| 07 | +1.90% | +8.01% | +8.33% | +0.88% | +3.32% | |
| 08 | +3.81% | -1.84% | +5.56% | -9.19% | -2.53% | |
| 09 | +1.89% | +3.14% | +0.87% | -0.82% | -3.38% | |
| 10 | +1.36% | +0.57% | -3.85% | -3.47% | -2.71% | |
| 11 | -1.15% | +1.09% | -2.08% | -5.29% | +3.09% | |
| 12 | +1.36% | +5.26% | -8.42% | -3.28% | +6.04% | |
| Year | +12.19% | +49.48% | +11.86% | -16.50% | -1.02% | -0.85% |
Fund Manager
Joel Kukemelk, CFA
Fund Manager since 2011
joel.kukemelk@lhv.ee
Joel Kukemelk has been working in LHV since 2006. In 2008 Joel graduated from the Faculty of Economics and Business Administration of the University of Tartu with a bachelor’s degree in finance and accounting (cum laude) and acquired his master’s degree (cum laude) in the same specialty in 2010. In December 2009 Joel passed his CFA Level I exam and in June 2011 he also successfully passed his CFA Level II exam.
Documents
Prospectus
Key Investor Information
Best execution policy
List of Brokerage Companies
Information on Complaint Handling
Non-trading days
Voting Policy
Key Investor Information
Best execution policy
List of Brokerage Companies
Information on Complaint Handling
Non-trading days
Voting Policy
Reports
** Details are given on 30.06.2017