Fact sheet: ECM Dynamic Credit

Fund information
Fund name
ECM Dynamic Credit D Acc EUR
Fund manager company
ECM Asset Management Ltd
Fund type
Offshore Fund
Fund managers
  • Ross Pamphilonsince 14/12/2012
  • 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
2.4%
1 Year rank in sector
164/302
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
£103m
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.
17
Top in this sector
Fund name1 Year
Capital Group GHIOL29%
LM WAHiYcrEn25.9%
Dodge & Cox Global Bond22.6%
Natixis H2O Multibonds22.4%
HSBC GIF Gbl AsBk Bd17%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Money Market15.6%
    Others14.3%
    France13.9%
    UK13.7%
    Germany11.5%
  • BBB49.8%
    A16.2%
    Money Market15.6%
    BB11.8%
    B4.3%
  • Money Market15.6%
    Global Fixed Interest14.3%
    French Fixed Interest13.9%
    UK Fixed Interest13.7%
    German Fixed Interest11.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.7%0.6%2.4%2.3%-
Sector0.6%1.5%-0.1%3.7%6%12%
Rank within sector237 / 332257 / 324102 / 311164 / 302159 / 242-
Quartile3rd4th2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.2%2.2%-1.5%2.1%-
Sector1.8%4.6%-1.6%3.7%-1.6%
Rank within sector202 / 321194 / 293162 / 268151 / 231-
Quartile3rd3rd3rd3rd
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.
-0.44
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.
0.65
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
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%.
2.83
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.
2.37
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.
-0.48
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.
0.41
Price movement
52 week high1043.84
52 week low1011
Current bid price-
Current offer price-
Current mid price1048.29
Region
1Money Market15.55%
2Others14.3%
3France13.91%
4UK13.65%
5Germany11.51%
6USA8.23%
7Switzerland6.15%
8Spain5.97%
9Netherlands3.92%
Industry sector
1BBB49.8%
2A16.24%
3Money Market15.55%
4BB11.78%
5B4.29%
6AA1.8%
7AAA0.54%
Asset type
1Money Market15.55%
2Global Fixed Interest14.3%
3French Fixed Interest13.91%
4UK Fixed Interest13.65%
5German Fixed Interest11.51%
6US Fixed Interest8.23%
7Swiss Fixed Interest6.15%
8Spanish Fixed Interest5.97%
9Dutch Fixed Interest3.92%
Individual holdings
1ATF NETHERLANDS BV2.51%
2GLENCORE1.41%
3TDF INFRASTRUCTURE SAS1.31%
4FCA CAPITAL IRELAND PLC1.27%
5 TAURUS CMBS PLC1.25%
6LANXESS AG1.22%
7INMOBILIARIA COLONIAL SA1.16%
8ALBEMARLE CORP1.09%
9FRONERI1.06%
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 managers
NameSinceBiography
Ross Pamphilon14/12/2012Ross is a founding member of ECM's investment team, with over 15 years’ experience in trading, portfolio and risk management. During his career at ECM Ross has been responsible for a range of business areas including emerging markets, investment grade corporate debt, high yield, long-short relative value strategies and front office IT before assuming overall responsibility for portfolio management and credit research. Prior to joining ECM Ross was an emerging markets specialist at Merrill Lynch where he had responsibility for trading local currency fixed income debt, derivatives and foreign exchange products. Ross qualified as a chartered accountant with Price Waterhouse and holds a BSc (Hons) in Chemistry from City University, London.
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, UCITS V 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 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 price1121.52
CurrencyGBP
Price updated25/04/2017
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 price1316.49
CurrencyEUR
Price updated25/04/2017
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 price1021.76
CurrencyUSD
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFPQE
ECM Dynamic Credit B Dis EUR
Initial charge-
Annual charge0.8%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1011.24
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMIY
ECM Dynamic Credit D 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 price1048.29
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKL5M
ECM Dynamic Credit I 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 price1114.66
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RF
ECM Dynamic Credit I Dis EUR
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1114.63
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC40E
Data provided by

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