Fact sheet: ECM European Loans

Fund information
Fund name
ECM European Loans I
Fund manager company
ECM Asset Management Ltd
Fund type
Offshore Fund
Fund managers
  • Ross Pamphilonsince 31/07/2016
  • Jens Vanbrabantsince 31/07/2016
  • Henry Craik Whitesince 31/07/2016
Fund objective
The investment objective of the Sub-Fund is to provide investors with periodic current income returns andcapital appreciation from a portfolio of European and non-European issuers, corporations, partnerships andother business entities which operate in various industries and geographical regions. The Sub-Fund willseek to achieve these returns from Investments in primarily Senior Secured Obligations. Typically,Investments are selected where the Investment Manager considers that such obligations or other instrumentsoffer superior yields and relative credit stability. There is no assurance that the Fund will achieve itsinvestment objective or that Investors will not lose money.
Benchmark
  • S&P Euro Denominated European Leveraged Loan
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Europe
Yield
-
Fund size
£87m
Top in this sector
Fund name1 Year
Axiom Obligataire11.1%
Morg Stnly Erpn Cur HiYd Bd9%
Henderson HzEurHighYldBd8.5%
Fidelity Inst Eur Hi Yld8.4%
GS EurpHYBdPrtfl8.4%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-1.4%-0.8%---
Sector0.8%1.3%1.8%5.3%10.5%26.9%
Rank within sector26 / 2626 / 2625 / 26---
Quartile4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-1%----
Sector1.5%5.1%1.1%5.2%4.2%
Rank within sector25 / 26----
Quartile4th
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 high112.02
52 week low108.41
Current bid price-
Current offer price-
Current mid price110.11
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
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 Sub-Fund is to provide investors with periodic current income returns andcapital appreciation from a portfolio of European and non-European issuers, corporations, partnerships andother business entities which operate in various industries and geographical regions. The Sub-Fund willseek to achieve these returns from Investments in primarily Senior Secured Obligations. Typically,Investments are selected where the Investment Manager considers that such obligations or other instrumentsoffer superior yields and relative credit stability. There is no assurance that the Fund will achieve itsinvestment objective or that Investors will not lose money.
Benchmark
  • S&P Euro Denominated European Leveraged Loan
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ross Pamphilon31/07/2016Ross 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 Vanbrabant31/07/2016Jens 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.
Henry Craik White31/07/2016
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Austria, Belgium, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
ECM European Loans I
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.11
CurrencyCHF
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNAYK
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