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Ranked 4 out of 9 in - Middle East & North Africa over 12 months
All calculations are in USD unless stated

Managed by

Dominic Bokor-Ingram

Dominic Bokor-Ingram joined Charlemagne Capital in 2013, with responsibility for the OAKS Emerging and Frontier Opportunities Fund and the Magna New Frontiers Fund. He previously held a series of senior positions at Morgan Stanley, Goldman Sachs and Renaissance Capital. He began his career in financial services in 1989, specializing in emerging markets from 1992. Between 1995 and 2002 he worked for Regent Pacific, from which Charlemagne Capital was demerged. He is an economics graduate of the University of Exeter.

Stefan Böttcher

Stefan Böttcher joined Charlemagne Capital in 2001 as head of the portfolio advisory team, overseeing a marked growth in assets and resources. In 2009 he moved on to build Charlemagne’s frontier markets business. Prior to Charlemagne, he worked at Schroders where he was an executive director and head of emerging markets. He was previously at Flemings, where he set up and managed the emerging European desk. He holds a degree in Business and Administration from the Fachhochschule der Deutschen Bundesbank.


The Investment Objective of the Fund is to achieve capital growth by investing in the securities of the MENA (Middle East and North Africa) region. The MENA region presents significant opportunities to investors, as capital markets widen and deepen over time in an economically diverse area New vehicle, UCITS III structure with daily trading.

Showing fund performance in Singapore View performance globally


Middle East & North Africa over : 31/10/2017 - 31/10/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 12.0% 0.0% -6.7%
2017 26.2% 9.0% 12.3% 1.7% 1.4%
2016 12.7% -1.4% 8.7% -6.0% 11.9%
2015 0.6% 4.9% 8.7% -7.8% -4.3%
2014 22.4% 18.4% 2.2% 18.5% -14.7%
2013 42.2% 8.8% 7.4% 11.2% 9.4%
2012 7.7% 13.5% -8.3% 3.3% 0.3%
2011 2.1% -9.7% 2.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Human Soft Holding Company KSCP ORD 9.33%
EUR Cash 7.63%
National Bank of Kuwait SAKP ORD 6.01%
NMC Health PLC ORD 5.58%
United International Transportation Co SJSC ORD 3.25%
National Medical Care Company JSC ORD 2.68%
Saudi Kayan Petrochemical Co SJSC ORD 2.61%
JP Morgan Structured Product BV/Samba Financial Group SJSC Participatory Note 2.51%
Ahli United Bank BSC ORD 2.18%

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Netherlands
  11. Singapore
  12. Spain
  13. Sweden
  14. Switzerland
  15. United Kingdom

Fund Info

  • Launch date22/02/2011
  • Share Class size25Mn
  • Base currencyEUR

Purchase Info

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


  • Annual management1.95%
  • Initial investment1.95%

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