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SEF-LHV Persian Gulf Fund

Net Asset Value
10.9448 EUR
Issue Price
10.9448 EUR
Redemption Price
10.8354 EUR
Fund volume**
10,935,127 EUR
Today
-0.50%
   YTD
-3.48%
     1 y
4.09%
     3 y*
-10.65%
     5 y*
6.12%
* 3 and 5 years annualised

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Geographic division**

UAE
42.16%
Saudi Arabia
22.74%
Qatar
16.01%
Oman
9.65%
Bahrain
4.62%
Kuwait
3.98%
Cash
0.84%

Sectoral division**

Banks
32.20%
Industry
24.42%
Services
15.75%
Property
13.00%
Regional funds
9.55%
Telecom
4.24%
Cash
0.84%

10 largest investments**

Bank Muscat
9.65%
EFG-Hermes Saudi Arabia Equity
9.55%
Emaar Properties
8.42%
Ras Al Khaimah Ceramics
8.05%
Sipchem
7.07%
Dubai Islamic Bank
5.89%
Union National Bank
4.78%
Aluminium Bahrain
4.62%
Aldar Properties
4.58%
Emirates NBD
4.47%

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.

Read more

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.

Read more

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% +3.66%
08 +3.81% -1.84% +5.56% -9.19% -2.53% +0.11%
09 +1.89% +3.14% +0.87% -0.82% -3.38% -0.36%
10 +1.36% +0.57% -3.85% -3.47% -2.71% -2.09%
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% +0.37%

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

Reports


Management company:
Swedbank Management Company S.A.

Investment Manager company:
AS LHV Varahaldus
Tartu mnt 2, 10145 Tallinn
+372 6 800 400, info@lhv.ee

Fund Manager: Joel Kukemelk
Class A:
ISIN: LU1138349862
Registrar:
Swedbank AB (publ) Luxembourg Branch
Launched: 13.02.2008
Type: SICAV (UCITS IV)
Fees:
Issue Fee 0%
Investment Manager Fee 1.75%
Redemption Fee (LHV Bank) 1%

Depositary:
Swedbank AB (publ) Luxembourg Branch

** Details are given on 30.09.2017