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Franklin GCC Bond A (acc) USD

Ranked 1 out of 7 in - Emerging Markets Other over 12 months
All calculations are in USD unless stated

Managed by

Sharif Eid

Sharif Eid is a portfolio manager for Franklin Templeton Investments (Middle East). Eid joined the Global Sukuk and MENA Fixed Income investment team in April 2009 as a research analyst where he helped develop the group's fundamental research process and production. Eid was promoted to portfolio manager in 2011 and is currently the co-manager of the FTIF GCC Bond fund and co-manager of Global Sukuk institutional accounts. Prior to joining Franklin Templeton Investments (Middle East), formerly Algebra Capital, Eid worked for TD Securities in Toronto as a trader. He rotated through credit, FX and interest rate option desks. Eid holds a bachelor's degree in industrial engineering and a master's degree in mathematical finance, both from the University of Toronto.

Mohieddine Kronfol

Objective

The Fund’s investment objective is to maximise, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains in the long term. The Fund seeks to achieve its objective by investing primarily in fixed or floating-rate debt securities and obligations issued by government, government-related or corporate entities located in Gulf Cooperation Council member countries. The fund may also purchase fixed or floating-rate debt securities and obligations issued by entities based in the wider MENA regions as well as supranational entities organised by several national governments.

Showing fund performance in Singapore View performance globally

Performance

Emerging Markets Other over : 30/11/2017 - 30/11/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -0.9% -1.1% 2.7%
2017 6.2% 3.3% 1.1% 1.6% 0.1%
2016 5.7% 1.5% 2.6% 2.2% -0.7%
2015 1.0% 1.7% 1.2% -0.9% -1.0%
2014 8.5% 3.7% 2.8% 1.5% 0.3%
2013 1.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2018

Top 10 Holdings

Stock Size
Bahrain 7.500% 20-Sep-2047 5.18%
Acwa Pwr Mgmt 5.950% 15-Dec-2039 4.18%
Aabar 0.500% 27-Mar-2020 3.89%
Kuwait Energy PLC 9.500% 04-Aug-2019 3.46%
Royal Bank of Canada FRN 01-Oct-2018 3.38%
Oman 6.500% 08-Mar-2047 3.21%
Kuwait 3.500% 20-Mar-2027 2.93%
Qatar 5.103% 23-Apr-2048 2.70%
MAF GLOB SEC 6.38% SR: 2.60%
Vmmea Sukuk 31-Mar-2023 2.50%
30/09/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Cyprus
  4. Czech Republic
  5. Denmark
  6. Estonia
  7. Finland
  8. France
  9. Germany
  10. Gibraltar
  11. Greece
  12. Hungary
  13. Ireland
  14. Italy
  15. Jersey
  16. Latvia
  17. Liechtenstein
  18. Lithuania
  19. Luxembourg
  20. Netherlands
  21. Norway
  22. Poland
  23. Portugal
  24. Singapore
  25. Slovakia
  26. Spain
  27. Sweden
  28. Switzerland
  29. United Arab Emirates
  30. United Kingdom

Fund Info

  • Launch date30/08/2013
  • Share Class size10Mn
  • Base currencyUSD
  • ISIN LU0962741061

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment0

Charges

  • Annual management0.75%
  • Initial investment0.75%

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