Fact sheet: Candriam BdsEmMkts

Fund information
Fund name
Candriam Bonds Emerging Markets N USD
Fund manager company
Candriam Investors Group
Fund type
Offshore Fund
Fund managers
  • Delcheva Dilianasince 29/05/2015
  • Isabelle Romesince 01/01/2013
  • Goosens Bartsince 10/03/2003
Fund objective
Candriam Bonds Emerging Markets invests principally in bonds and related securities issued by governments, public and semi-public sector entities, and private companies of emerging countries (Latin America, Asia, Eastern Europe, Africa and Middle East). Selected bonds are predominantly denominated in hard currencies (EUR, USD, GBP, JPY...) or incidentally in local currencies. The fund carries out an active currency hedging policy versus the USD, and may use currency, volatility, interest rate or credit derivatives for efficient portfolio management purposes (hedge, exposure, arbitrage).
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.1%
1 Year rank in sector
-
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.
1.86%
Fund size
£1,520m (£1,054m last year)
Top in this sector
Fund name1 Year
Ashmore EMHghYldCrDb30.9%
Pictet Lat Am Lcl Cur Dt28.8%
Gramercy Allct Emg Mket Debt27.7%
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Ashburton India FxIn Opps26%
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Performance snapshot

Holdings snapshot

  • Others53.5%
    Mexico8.7%
    Argentina6.2%
    Brazil5%
    Ukraine4.2%
  • Government Bonds66.1%
    Oil & Gas13.9%
    Others8.8%
    Utilities3.4%
    Banks3%
  • Global Fixed Interest53.5%
    American Emerging Fixed Interest13.4%
    Mexican Fixed Interest8.7%
    European Emerging Fixed Interest6.4%
    Brazilian Fixed Interest5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%3.8%1.8%9.1%16.3%27.2%
Sector0.8%4.1%2%8.9%4.4%6.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund5.5%10.2%-1.3%5.3%-5.4%
Sector5.2%10.2%-7.3%-0.6%-7%
Rank within sector-----
Quartile
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.
3.96
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.
0.81
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.
0.26
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%.
6.33
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.
2.63
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.
1.4
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 high2165.11
52 week low1979.4
Current bid price-
Current offer price-
Current mid price2163.75
Region
1Others53.5%
2Mexico8.7%
3Argentina6.16%
4Brazil5.01%
5Ukraine4.23%
6Turkey4%
7Kazakhstan3.41%
8Azerbaijan2.83%
9Indonesia2.72%
Industry sector
1Government Bonds66.09%
2Oil & Gas13.92%
3Others8.81%
4Utilities3.38%
5Banks2.99%
6Government Agency Bonds2.75%
7Local Government Bonds2.06%
Asset type
1Global Fixed Interest53.5%
2American Emerging Fixed Interest13.41%
3Mexican Fixed Interest8.7%
4European Emerging Fixed Interest6.42%
5Brazilian Fixed Interest5.01%
6Middle East & African Fixed Interest4%
7Kazakhstan Fixed Interest3.41%
8Asia Pacific Fixed Interest2.83%
9Indonesian Fixed Interest2.72%
Individual holdings
1MEXICO(UNITED MEXICAN STATES) 7.75% BDS 29/05/31 MXN1003.16%
2STATE OIL CO OF THE AZER 6.95% SR UNSEC NTS 18/03/30 USD2000001.81%
3BIZ FINANCE PLC 9.75% NTS 22/01/25 USD10001.71%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10001.7%
5ARGENTINA(REPUBLIC OF) 7.82% DISC NTS 31/12/33 EUR11.46%
6BRAZIL 10% 01/01/271.46%
7PETROLEOS DE VENEZUELA 6% BDS 16/05/24 USD1001.24%
8GEORGIAN RAILWAY LLC 7.75% NTS 11/07/22 USD200000 144A1.22%
9CAMEROON (REP OF) 9.5% BDS 19/11/25 USD2000001.15%
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam Investors Group
Fund type
Offshore Fund
Fund objective
Candriam Bonds Emerging Markets invests principally in bonds and related securities issued by governments, public and semi-public sector entities, and private companies of emerging countries (Latin America, Asia, Eastern Europe, Africa and Middle East). Selected bonds are predominantly denominated in hard currencies (EUR, USD, GBP, JPY...) or incidentally in local currencies. The fund carries out an active currency hedging policy versus the USD, and may use currency, volatility, interest rate or credit derivatives for efficient portfolio management purposes (hedge, exposure, arbitrage).
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Delcheva Diliana29/05/2015
Isabelle Rome01/01/2013Isabelle Rome is Head of Emerging Markets Bond funds at Candriam Investors Group since 2013. Isabelle Rome has been working in the financial industry for 19 years. She began her career in Fixed-income Management as bond fund manager at Banque BACOB in 1994. From 1998-2002, she was senior international and emerging market bond fund manager at Cordius Asset Management. In 2002, she became Credit Analyst at Candriam and she served as Head of Credit Strategy from 2008-2012. In 2013, Isabelle Rome was appointed Head of Emerging Bond Management. She graduated from University of Liège (ULg), Belgium with a Degree in Economics. She is a ABAF (Belgian Association of Financial Analysts) Financial Analyst since 1995.
Goosens Bart10/03/2003Bart Goosens is Global Head of Quantitative Equity Management since 2001. He has been working in the asset management industry for 20 years. He joined Candriam Investors Group in 1997 as an Equity Fund Manager. While managing several international equity funds, he developed a series of quantitative equity models used as support in the management of Candriam’s fundamental equity funds. In 2001 he formed the Quantitative Equity Management team that he still heads today. Prior to joining Candriam Investors Group? he worked for Merrill Lynch and JP Morgan. Bart Goosens received his Master of Applied Economics from the University of Antwerp
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Portugal, Slovakia, Sweden
Candriam Bonds Emerging Markets C Cap USD
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2449.15
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBJ89
Candriam Bonds Emerging Markets C Dis USD
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1006.28
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBJ90
Candriam Bonds Emerging Markets C Hedged EUR
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1298.04
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7B4
Candriam Bonds Emerging Markets C Hedged EUR USD
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1411.81
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0XU
Candriam Bonds Emerging Markets CQ Dis USD
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price172.15
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE6AD
Candriam Bonds Emerging Markets I Cap EUR
Initial charge-
Annual charge0.3%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)-
Bid price1742.44
Offer price1742.44
Mid price-
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7JX
Candriam Bonds Emerging Markets I Cap GBP
Initial charge-
Annual charge0.7%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1897.74
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7LE
Candriam Bonds Emerging Markets I Dis USD
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)-
Bid price1582.81
Offer price1582.81
Mid price-
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFTJL
Candriam Bonds Emerging Markets I Hedged EUR
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1448.49
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7B3
Candriam Bonds Emerging Markets I USD
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2648.85
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBZZ6
Candriam Bonds Emerging Markets IQ Hedged Dis EUR
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1495.32
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC1GT
Candriam Bonds Emerging Markets IQ Hedged Dis GBP
Initial charge-
Annual charge0.7%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1493.79
CurrencyGBP
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC0CZ
Candriam Bonds Emerging Markets IQ Hedged Dis GBP USD
Initial charge-
Annual charge0.7%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1920.34
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC0DB
Candriam Bonds Emerging Markets L USD
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2422.74
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEP9
Candriam Bonds Emerging Markets N Hedged EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price151.83
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7B5
Candriam Bonds Emerging Markets N USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2163.75
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBZZ5
Candriam Bonds Emerging Markets R Cap EUR
Initial charge2.5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.29
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7JS
Candriam Bonds Emerging Markets R Cap USD
Initial charge2.5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.55
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFH8Q
Candriam Bonds Emerging Markets R Hedged Cap GBP
Initial charge2.5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price159.71
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC35K
Candriam Bonds Emerging Markets V Cap EUR
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1699.42
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFT5Z
Candriam Bonds Emerging Markets V Hedged EUR
Initial charge-
Annual charge0.3%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1420.57
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code40000000
Candriam Bonds Emerging Markets VQ Hedged Dis EUR
Initial charge-
Annual charge0.3%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1476.84
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC0ZJ
Candriam Bonds Emerging Markets Z Dis USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1613.81
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC2VL
Candriam Bonds Emerging Markets Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2822.55
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBZZ4
Data provided by

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