Coronation Universal Fund - Africa Frontiers Fund A
Ticker
IE00B578MG16.IR
ISIN
IE00B578MG16
Price
USD 16.07
Change Today
-0.75 / -4.477 %
Price 1 year ago
19.73 / -18.567 %
Morningstar
3
52 Week Low
13.50
52 Week High
23.23
200 Day Moving Average 17.32
17.32
50-day Moving Average
17.23
Price evolution
Yearly returns
Peers comparison
Risk factors
1 year
| Parameter | Value |
|---|
1 year
| Parameter | Value |
|---|
History
| Parameter | Value |
|---|---|
| Average Annual Return | -9.235% |
| Average Annual Volatility | 48.045% |
| Sharpe Ratio | -0.19 |
| Sortino Ratio | -0.13 |
| Maximum Drawdown | -42.0% |
| Maximum Drawdown Date | 2024-02-29 |
| Calmar Ratio | 2.58 |
Company information
Summary
The investment objective of the Portfolio is to achieve a long term total return by investing primarily in equity securities of companies which are either domiciled in Africa or are established in another continent but which derive a significant proportion of their earnings from African countries. The benchmark for the Portfolio will be 3 month USD Libor (US0003M as quoted by Bloomberg), plus 3% per annum (after the accrual of the annual management fees). It is not intended to track this benchmark but to measure the performance of the Portfolio against this benchmark.
Market
US
Category
Africa Equity
Expense Ratio
1.68%
Fund family
-
Morningstar
3
Yield
-
Exchange
YHD
| Sector | Weight |
|---|---|
| Consumer defensive | 27.40% |
| Financial services | 25.86% |
| Communication services | 23.00% |
| Basic materials | 10.76% |
| Healthcare | 5.81% |
| Energy | 5.69% |
| Consumer cyclical | 0.91% |
| Realestate | 0.33% |
| Industrials | 0.24% |
| Technology | 0.00% |
| Utilities | 0.00% |
None
Holdings
| Symbol | Name | Allocation |
|---|---|---|
| ECO.ZW | Econet Wireless Zimbabwe Ltd | 11.23% |
| EAST.CA | Eastern Co SAE | 10.43% |
| STANBIC | Stanbic IBTC Holdings PLC | 6.46% |
| QNBA.CA | Qatar National Bank AlAhli SAE | 5.8% |
| CFC | Stanbic Holdings PLC | 5.37% |
| B AT Kenya | 4.82% | |
| DLTA.ZW | Delta Corp Ltd | 4.54% |
| SEPLAT | SEPLAT Petroleum Development Company PLC | 4.24% |
| PHAR.CA | Egyptian International Pharmaceutical Investments | 4.01% |
| MTN.JO | MTN Group Ltd | 3.89% |
Alternative funds
| Ticker | Name | Isin | Exchange | Expenses | Morningstar | Alpha | Beta |
|---|---|---|---|---|---|---|---|
| 0P00000JOJ.F | Caixabank Fonduxo Universal FI | ES013889303 | FRA | 4 | |||
| ESGE.L | Invesco MSCI Europe ESG Universal Screened UCITS ETF | IE00BJQRDL9 | LSE | 0.16% | 4 | -- | -- |
| ESGG.L | Invesco MSCI World ESG Universal Screened UCITS ETF | IE00BJQRDK8 | LSE | 0.19% | 4 | -- | -- |
| ESGS.L | Invesco MSCI USA ESG Universal Screened UCITS ETF | IE00BJQRDM0 | LSE | 0.09% | 4 | -- | -- |
| ESGU.L | Invesco MSCI USA ESG Universal Screened UCITS ETF | IE00BJQRDM0 | LSE | 0.09% | 4 | -- | -- |
| ESGW.L | Invesco MSCI World ESG Universal Screened UCITS ETF | IE00BJQRDK8 | LSE | 0.19% | 4 | -- | -- |
| IE00BN897K87.IR | Sanlam Universal Funds Plc - Anchor Global Equity Fund | IE00BN897K87 | YHD | 5 | -13.16 | +0.68 |
Sustainability scores
Events
Indicators
Glossary
- Momentum
- A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
- Inertia
- In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
- Relative Strength Index (RSI)
- A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
- Fibonacci's Weighted Moving Average
- A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
- Williams %R
- A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
- Relative Volatility Index (RVI)
- A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
- Commodity Channel Index (CCI)
- A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.