Fact sheet: ECM Dynamic Credit

Fund information
Fund name
ECM Dynamic Credit D Institutional Acc EUR
Fund manager company
ECM Asset Management Ltd
Fund type
Offshore Fund
Fund manager
  • Jens Vanbrabantsince 14/12/2012
Fund objective
The investment objective of the Fund is to provide investors with superior investment returns from the credit market through both active asset allocation and exploiting relative value opportunities.
Benchmark
  • BofA Merrill Lynch Euro Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
217/287
Sector
FO Fixed Int - Global
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.
1.25%
Fund size
£82m
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.
18
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Others22.6%
    UK19.2%
    France13.6%
    Germany12.1%
    Switzerland6.6%
  • BBB56.1%
    A19.7%
    BB13.5%
    B6.7%
    Unknown2.2%
  • Global Fixed Interest22.6%
    UK Fixed Interest19.2%
    French Fixed Interest13.6%
    German Fixed Interest12.1%
    Swiss Fixed Interest6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.3%2.6%3.7%--
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector227 / 305115 / 303216 / 301217 / 287--
Quartile3rd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund2.4%-1.5%2.1%--
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector253 / 297166 / 275155 / 236--
Quartile4th3rd3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1041.64
52 week low979.64
Current bid price-
Current offer price-
Current mid price1037.39
Region
1Others22.56%
2UK19.19%
3France13.57%
4Germany12.06%
5Switzerland6.6%
6USA5.91%
7Netherlands5.8%
8Spain5.15%
9Denmark3.38%
Industry sector
1BBB56.09%
2A19.67%
3BB13.45%
4B6.74%
5Unknown2.24%
6AA1.05%
7AAA0.76%
Asset type
1Global Fixed Interest22.56%
2UK Fixed Interest19.19%
3French Fixed Interest13.57%
4German Fixed Interest12.06%
5Swiss Fixed Interest6.6%
6US Fixed Interest5.91%
7Dutch Fixed Interest5.8%
8Spanish Fixed Interest5.15%
9Danish Fixed Interest3.38%
Individual holdings
1MARKIT ITRX EUR SNR FIN 12/202.51%
2OJSC NOVO(STEEL FUNDING)2.18%
3GLENCORE1.6%
4TDF INFRASTRUCTURE SAS1.6%
5AROUNDTOWN PROPERTY HLGD1.59%
6 TAURUS CMBS PLC1.45%
7IE2 HOLDCO1.3%
8AMERICAN AIRLINES. INC.1.24%
9NETS HOLDING1.23%
Management
Fund manager group
No data available.
Fund manager company
ECM Asset Management Ltd
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to provide investors with superior investment returns from the credit market through both active asset allocation and exploiting relative value opportunities.
Benchmark
  • BofA Merrill Lynch Euro Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Jens Vanbrabant14/12/2012Jens has over 11 years of portfolio and risk management experience. He joined ECM in November 2007 as a Portfolio Manager responsible for ECM's corporate credit risk before becoming Lead Portfolio Manager of ECM’s investment grade focused funds. Previously at J.P. Morgan, Jens was a credit research analyst responsible for the firm’s industrials loan exposure in the Credit Portfolio Group. Jens has a LL.M from King's College London and a law degree from University of Leuven in Belgium. He is also a CFA charter holder and a member of The CFA Society of the UK.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Australia, Germany, Denmark, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Offshore, Sweden
ECM Dynamic Credit A Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1099.94
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RF
ECM Dynamic Credit A Hedged Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1102.21
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7JX
ECM Dynamic Credit A Hedged Acc GBP EUR
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1273.93
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7JY
ECM Dynamic Credit A Hedged Acc USD
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1028.27
CurrencyUSD
Price updated29/04/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM68Q
ECM Dynamic Credit A Hedged Dis GBP
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJHES
ECM Dynamic Credit A Hedged Dis USD
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price999.24
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFPQE
ECM Dynamic Credit D Institutional Acc EUR
Initial charge-
Annual charge1%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1037.39
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKL5M
Data provided by

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