Fact sheet: FL InvstcEmMk LcCur Dt Pn

Fund information
Fund name
FL Investec Emerging Markets Local Currency Debt Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Peter Eerdmanssince 30/11/2007
  • Werner Gey van Pittiussince 01/12/2012
Underlying fund
Investec EmgMkLcCurDt
Fund objective
Investec state that the fund aims to generate income and grow the investment value over the long term. The fund invests primarily in bonds and in related derivatives. These derivatives may be used for investment purposes. The bonds are issued by governments, institutions or companies in emerging markets (countries that are in economic terms less developed than the major Western countries). These bonds are predominantly issued in the currency of the issuing country. The manager is free to choose how the fund is invested. However, the JPMorgan GBI-EM Global Diversified Index is currently taken into account when the fund’s investments are selected. The benchmark of the fund is 50% JPMorgan GBI-EM Global Diversified Index, 30% JPMorgan EMBI Global Diversified Index, 20% JPMorgan CEMBI Broad Diversified Index
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
27.1%
1 Year rank in sector
259/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£0m (£0m 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.
109
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn73.6%
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OMW BlackRock Lat Am Inv Tst70.6%
OMW Threadneedle Latin Am61.4%
SIP Tndle Lat Am Pn61%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil14.1%
    Turkey13.9%
    Indonesia12%
    Russia9.2%
    Malaysia9%
  • BB34.5%
    A27.2%
    BBB27%
    Money Market6.5%
    AAA2.5%
  • Brazilian Fixed Interest14.1%
    Middle East & African Fixed Interest13.9%
    Indonesian Fixed Interest12%
    Russian Fixed Interest9.2%
    Malaysian Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%6.5%2.5%27.1%--
Sector5.3%10.2%10.4%44.8%42.3%28.9%
Rank within sector259 / 271246 / 274262 / 271259 / 266--
Quartile4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.4%29.6%-11.7%--
Sector8.1%31.9%-8.5%3%-3.4%
Rank within sector257 / 271194 / 265183 / 253--
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 high124
52 week low93.8
Current bid price-
Current offer price-
Current mid price119.2
Region
1Brazil14.1%
2Turkey13.9%
3Indonesia12%
4Russia9.2%
5Malaysia9%
6Poland6.9%
7Colombia6.2%
8Mexico5.7%
9Peru3.6%
Industry sector
1BB34.5%
2A27.2%
3BBB27%
4Money Market6.5%
5AAA2.5%
6B2.3%
Asset type
1Brazilian Fixed Interest14.1%
2Middle East & African Fixed Interest13.9%
3Indonesian Fixed Interest12%
4Russian Fixed Interest9.2%
5Malaysian Fixed Interest9%
6American Emerging Fixed Interest7.2%
7Polish Fixed Interest6.9%
8Mexican Fixed Interest5.7%
9Peruvian Fixed Interest3.6%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005%
2LETRA TESOURO NACIONAL JAN 01 194.3%
3POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10003.3%
4TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10003.3%
5RUSSIAN FEDERAL BOND - OFZ 6.2 JAN 31 183%
6BRAZIL NOTAS DO TESOURO NACION 10 JAN01 232.7%
7INVESTEC GSF EM INV GRADE CORP DEBT FUND S USD2.4%
8INVESTEC OEIC EM BLENDED DEBT FUND S GBP2.2%
9RUSSIAN FEDERATION MINISTRY FINANCE 6.4% BDS 27/05/20 RUB10002%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Investec state that the fund aims to generate income and grow the investment value over the long term. The fund invests primarily in bonds and in related derivatives. These derivatives may be used for investment purposes. The bonds are issued by governments, institutions or companies in emerging markets (countries that are in economic terms less developed than the major Western countries). These bonds are predominantly issued in the currency of the issuing country. The manager is free to choose how the fund is invested. However, the JPMorgan GBI-EM Global Diversified Index is currently taken into account when the fund’s investments are selected. The benchmark of the fund is 50% JPMorgan GBI-EM Global Diversified Index, 30% JPMorgan EMBI Global Diversified Index, 20% JPMorgan CEMBI Broad Diversified Index
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Eerdmans30/11/2007Peter is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Werner Gey van Pittius for all global emerging market debt strategies. Peter is also responsible for Asian markets within the team. Peter joined Investec Asset Management in 2005 from Watson Wyatt, where he was responsible for bond and currency manager research. Prior to his time at Watson Wyatt, he spent six years as a senior portfolio manager responsible for global bond management at Robeco, where he helped develop the credit process and lead on numerous projects improving the process and tools of the department. He graduated in 1995 with a Masters degree in Econometrics from Erasmus University Rotterdam.
Werner Gey van Pittius01/12/2012Werner is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Peter Eerdmans for all global emerging market debt strategies. Werner is also responsible for the former CIS, Middle Eastern and African markets within the team. He moved to London from Cape Town where he was a fixed income quantitative analyst and managed Investec Asset Management’s asset and liability matching book. Prior to Investec Asset Management, Werner played professional rugby in concurrence with academic programmes. Werner holds a Bachelor of Commerce (Insurance Science) degree from the University of Pretoria, a Bachelor of Commerce (Honours) degree in Financial Economics from the University of Stellenbosch and a Master of Science degree in Applied Statistics from Oxford University. In addition, Werner obtained the Society of Technical Analysts diploma and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2006.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FL Investec Emerging Markets Local Currency Debt Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.2
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKX5Z
FL Investec Emerging Markets Local Currency Debt Pn Inet
Initial charge-
Annual charge0.49%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price117.35
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKX6A
Data provided by

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