Fact sheet: ECM Short Dur Credit

Fund information
Fund name
ECM Short Duration Credit I Acc EUR
Fund manager company
ECM Asset Management Ltd
Fund type
Offshore Fund
Fund managers
  • Henrietta Pacquementsince 04/11/2011
  • Alex Templesince 04/11/2011
Fund objective
The investment objective of the Fund is to provide investors with superior returns over the Iboxx EUR Corporate 1-5 yr p.a. (after fees and expenses)(?Index?) or an equivalent Index should the Index cease to exist, through investment in a highly diversified portfolio that consists substantially of Investment Grade European fixed income securities (or synthetic exposure thereto).The Fund will invest in European investment grade fixed income securities, with flexibility also to invest in eligible Transferable Debt Securities, moneymarket instruments, bank deposits and other assets compliant with UCITS IV.
Benchmark
  • Iboxx EUR Corporates 1-5yrs
Investment style
Total Return,Active
Investment method
Fixed Interest
Quick stats
1 Year return
2.1%
1 Year rank in sector
5/30
Sector
FO Fixed Int - EUR Short/ Medium Maturity
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.
0.48%
Fund size
£192m (£195m 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.
80
Top in this sector
Fund name1 Year
Boost Bund 10Y 3x Leverage Dly ETP12.8%
Petercam L Bds EUR HiYldShtTm4.1%
Pictet EUR Sht Trm Hgh Yld2.9%
Dimensional € I L ItrDrFxI2.5%
Oddo Cmp Eur CrShDur2.1%
...more in FO Fixed Int - EUR Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • UK20.9%
    France18.2%
    Others17.5%
    Germany8.8%
    Netherlands7.8%
  • No data available.
  • UK Fixed Interest20.9%
    French Fixed Interest18.2%
    Global Fixed Interest17.5%
    German Fixed Interest8.8%
    Dutch Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.6%0.7%2.1%7.4%20.6%
Sector-0.3%-0.7%-0.1%0.6%4.4%11.9%
Rank within sector20 / 3015 / 304 / 305 / 304 / 282 / 23
Quartile3rd2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2.3%0.6%4.1%3.5%8.4%
Sector0.8%0.2%3.4%1%5.3%
Rank within sector5 / 306 / 295 / 282 / 242 / 23
Quartile1st1st1st1st1st
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.
0.62
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.
1.28
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%.
1.48
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.
0.72
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.
1.39
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.
0.8
Price movement
52 week high1209.26
52 week low1163.32
Current bid price-
Current offer price-
Current mid price1202.24
Region
1UK20.89%
2France18.21%
3Others17.45%
4Germany8.75%
5Netherlands7.79%
6USA7.25%
7Italy6.5%
8Spain4.14%
9Switzerland3.13%
Industry sector
No data available.
Asset type
1UK Fixed Interest20.89%
2French Fixed Interest18.21%
3Global Fixed Interest17.45%
4German Fixed Interest8.75%
5Dutch Fixed Interest7.79%
6US Fixed Interest7.25%
7Italian Fixed Interest6.5%
8Spanish Fixed Interest4.14%
9Swiss Fixed Interest3.13%
Individual holdings
1FCA CAPITAL IRELAND PLC2.1%
2GENERAL MOTORS FINANCIAL1.83%
3EUTELSAT SA1.72%
4 VODAFONE GROUP PLC1.65%
5PROLOGIS INTL FUND II1.61%
6ORANGE SA1.59%
7DEUTSCHE TELEKOM INT FIN1.57%
8 CITIGROUP INC1.56%
9CREDIT AGRICOLE SA1.56%
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 returns over the Iboxx EUR Corporate 1-5 yr p.a. (after fees and expenses)(?Index?) or an equivalent Index should the Index cease to exist, through investment in a highly diversified portfolio that consists substantially of Investment Grade European fixed income securities (or synthetic exposure thereto).The Fund will invest in European investment grade fixed income securities, with flexibility also to invest in eligible Transferable Debt Securities, moneymarket instruments, bank deposits and other assets compliant with UCITS IV.
Benchmark
  • Iboxx EUR Corporates 1-5yrs
Investment style
Total Return,Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Henrietta Pacquement04/11/2011Henrietta is portfolio manager for ECM’s investment grade biased diversified portfolios. She has over 9 years of buy side experience in portfolio and risk management, joining ECM in 2006 from Barclays Global Investors. At BGI she was a quantitative analyst specialising in investment solution design for institutional clients and multi-asset class portfolio risk/return calibration. Prior to this, Henrietta spent 4 years in Paris working for AXA Investment Managers in a similar role. Henrietta holds an MA (Cantab) in Astrophysics from Cambridge University and is a CFA charterholder.
Alex Temple04/11/2011Alex Temple Joined ECM in 2006, Portfolio Manager on ECM’s Investment Grade focussed portfolios, Previously worked as Senior Rates Manager responsible for active duration management, hedging and structured products, Prior to ECM worked as a Vice President at Merrill Lynch in the Global Debt Analytics group on the swaps desk, MEng in Mechanical Engineering from Bristol University
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Offshore, Sweden
ECM Short Duration Credit I Acc EUR
Initial charge1%
Annual charge0.3%
Min single investment£125,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1202.24
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0K4K
ECM Short Duration Credit I Dis EUR
Initial charge1%
Annual charge0.3%
Min single investment£125,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1028.91
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK2CW
ECM Short Duration Credit I Hedged Acc GBP
Initial charge1%
Annual charge0.3%
Min single investment£125,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1126.25
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKC0B
Data provided by

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