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Charlemagne Magna MENA R EUR

Ranked 2 out of 30 in - Middle East & North Africa over 12 months
All calculations are in EUR unless stated

Managed by

Akhilesh Baveja

Akhilesh Baveja is the lead portfolio adviser for Charlemagne Capital’s MENA strategies with responsibility for researching companies operating across the Gulf and wider Middle East. He joined the group in 2011 after two years at GLG Partners, where he specialised in Saudi Arabian equities. He was previously employed as a senior analyst at Al-Rajhi Financial Services in Riyadh, having earlier spent four years at Unit Trust of India. He holds a Master of Management Science in Finance.


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 Luxembourg View performance globally


Middle East & North Africa over : 30/11/2016 - 30/11/2017

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 7.5% 5.3% -1.9%
2016 16.1% -6.0% 11.5% -7.1% 19.2%
2015 12.0% 18.2% 4.8% -8.0% -1.7%
2014 39.4% 18.4% 2.8% 28.5% -10.9%
2013 36.0% 11.7% 6.1% 6.8% 7.5%
2012 6.1% 10.6% -3.8% 1.9% -2.2%
2011 -0.1% -2.4% 5.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Denmark
  3. France
  4. Germany
  5. Ireland
  6. Luxembourg
  7. Netherlands
  8. Switzerland

Fund Info

  • Launch date22/02/2011
  • Share Class size32Mn
  • Base currencyEUR

Purchase Info

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


  • Annual management1.95%

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Charlemagne duo emerge as MENA equities market leaders

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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).