Fact sheet: Ashmore EmMkt Inv Grd Lcl Cur

Fund information
Fund name
Ashmore Emerging Market Investment Grade local Currency I USD
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund manager
  • Ashmore Investment Teamsince 20/06/2011
Fund objective
SICAV IGLCF is an open-ended daily dealing UCITS V Luxembourg registered highly diversified global emerging markets investment grade local currency fund. Investments are in investment grade sovereign and quasi-sovereign bonds, denominated in local currencies.
Benchmark
  • JP Morgan GBI-EM GD IG
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.3%
1 Year rank in sector
207/217
Sector
FO Fixed Int - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.08%
Fund size
£27m (£658m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
101
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35%
Rubrics Ind Fxd Inc UCITS32%
Pictet Lat Am Lcl Cur Dt31.8%
Schroder ISF EmgMktBd31.7%
Old Mutual Em Mt Dt29.2%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa16.4%
    Poland13.2%
    Thailand13.2%
    Malaysia13.2%
    Mexico12.4%
  • A53.2%
    BBB46.8%
  • South African Fixed Interest16.4%
    Polish Fixed Interest13.2%
    Thai Fixed Interest13.2%
    Malaysian Fixed Interest13.2%
    Mexican Fixed Interest12.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.5%-7.1%-3.3%1.3%-20.1%-17.3%
Sector-3.4%-3.8%1.7%6.9%0.6%6.1%
Rank within sector179 / 225182 / 224207 / 222207 / 217167 / 17195 / 102
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.8%-17%-6.8%-10.8%18.8%
Sector8.9%-7.3%-0.6%-7%14.7%
Rank within sector203 / 219186 / 203153 / 173107 / 12922 / 103
Quartile4th4th4th4th1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-7.22
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.52
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.01
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.01
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.72
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-1.32
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.88
Price movement
52 week high66.97
52 week low56.63
Current bid price-
Current offer price-
Current mid price61.29
Region
1South Africa16.41%
2Poland13.24%
3Thailand13.24%
4Malaysia13.15%
5Mexico12.43%
6Colombia11.71%
7Romania5.5%
8Peru5.23%
9India4.59%
Industry sector
1A53.2%
2BBB46.8%
Asset type
1South African Fixed Interest16.41%
2Polish Fixed Interest13.24%
3Thai Fixed Interest13.24%
4Malaysian Fixed Interest13.15%
5Mexican Fixed Interest12.43%
6American Emerging Fixed Interest11.71%
7European Emerging Fixed Interest5.5%
8Peruvian Fixed Interest5.23%
9Indian Fixed Interest4.59%
Individual holdings
1COLOMBIA(REPUBLIC OF) 7% NTS 04/05/22 COP10005.9%
2MEXICO(UNITED MEXICAN STATES) 4% BDS 13/06/19 MXV10004%
3SOUTH AFRICA(REPUBLIC OF) 7% BDS 28/02/31 ZAR13.4%
4SOUTH AFRICA(REPUBLIC OF) 8.75% BDS 31/01/44 ZAR13.3%
5THAILAND(KINGDOM OF) 1.875% BDS 17/06/22 THB10002.9%
6POLAND(STATE TREASURY OF) 3.25% BDS 25/07/25 PLN10002.7%
7SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)2.7%
8COLOMBIA(REPUBLIC OF) 7.5% BDS 26/08/26 COP10002.6%
9THAILAND GOVT 4.875% 22/06/20292.4%
Management
Fund manager group
Ashmore
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund objective
SICAV IGLCF is an open-ended daily dealing UCITS V Luxembourg registered highly diversified global emerging markets investment grade local currency fund. Investments are in investment grade sovereign and quasi-sovereign bonds, denominated in local currencies.
Benchmark
  • JP Morgan GBI-EM GD IG
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ashmore Investment Team20/06/2011
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, United Kingdom, Luxembourg, Offshore
Ashmore Emerging Market Investment Grade local Currency I EUR
Initial charge5%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price60.68
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code11OW
Ashmore Emerging Market Investment Grade local Currency I GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.35
CurrencyGBP
Price updated17/01/2013
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code11OX
Ashmore Emerging Market Investment Grade local Currency I USD
Initial charge5%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price61.29
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code04PR
Data provided by

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