Posted inTop Trumps

Mutual Fund Top Trumps: Emerging Europe Equities – 14 September 2023

This week FSA presents a quick comparison of two emerging Europe equities products: the Barings Eastern Europe Fund and the Templeton Eastern Europe Fund.
by Fund Selector Asia
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE Fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide who is the Top Trump.

This week the the the Templeton Eastern Europe Fund defeats the Barings Eastern Europe Fund 4-2.

Barings Eastern Europe Fund

Sector breakdown:

  1. Financials (40.8%)
  2. Consumer Staples (14.1%)
  3. Consumer Discretionary (10.4%)
  4. Communication Services (7.8%)
  5. Energy (5.7%)
  6. Industrials (4.1%)
  7. Healthcare (3.6%)
  8. Materials (3.4%)
  9. Utilities (3%)
  10. Cash (7.2%)

Top 10 holdings:

  1. BIM Birlesik Magazalar (8.08%)
  2. OTP Bank Nyrt (7.83%)
  3. Alpha Services & Holdings (7.32%)
  4. PKO Bank Polski (6.89%)
  5. Turkcell Iletisim Hizmetler (4.91%)
  6. National Bank of Greece (4.51%)
  7. Allegro.eu Societe anonyme (4.44%)
  8. Jumbo (4.29%)
  9. PZU (4.27%)
  10. MOL Hungarian Oil & Gas (3.79%)

Templeton Eastern Europe Fund

Sector breakdown:

  1. Financials (47.33%)
  2. Consumer Discretionary (18.65%)
  3. Energy (9.22%)
  4. Consumer Staples (9.16%)
  5. Industrials (7.83%)
  6. Healthcare (3%)
  7. Utilities (2.14%)
  8. Communication Services (1.23%)
  9. Materials (0%)
  10. Cash & Cash Equivalent (1.45%)

Top 10 holdings:

  1. Powszechna Kasa Oszczednosci Bank Polski (6.24%)
  2. Opap (5.5%)
  3. Bank Polska Kasa Opieki (5.11%)
  4. Orlen (4.52%)
  5. Inpost (4.42%)
  6. Powszechny Zaklad Ubezpieczen (4.28%)
  7. Allegro.eu (4.16%)
  8. Halyk Savings Bank of Kazakhstan (4.04%)
  9. Bank of Georgia Group (3.66%)
  10. Alpha Services and Holdings (3.45%)

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