Fact sheet: FL JPM Emg Markets EP

Fund information
Fund name
FL JPM Emerging Markets EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Austin Foreysince 30/06/1997
  • Leon Eidelmansince 15/02/2013
Underlying fund
JPM Emerging Markets
Fund objective
JP Morgan state that the fund provides long-term capital growth by investing primarily in equity and equity linked securities of emerging markets companies. Emerging markets companies are companies that are incorporated under the laws of, and have their registered office in, an emerging market country, or that derive the predominant part of their economic activity from emerging market countries, even if listed elsewhere. Smaller companies may be held on an ancillary basis. Other instruments as permitted in the stated investment and borrowing powers of the fund include, but are not limited to, fixed interest securities, cash and cash equivalents and may be held on an ancillary basis as appropriate.
Benchmark
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
28.5%
1 Year rank in sector
73/266
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.
136
Bid price
319.1
Offer price
319.1
Top in this sector
Fund name1 Year
OMW IPL IFDSHdsnRwFTSERAFIEMPn46.2%
AXA Wealth Aber LatAm Eq Pn43.6%
Zurich Jupiter Emg Eurp Opp Pn39.1%
LV= Jupiter Emg European Opps Pn38.4%
Canlife Jup Emg Eurpn Opps Pn37.3%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China23.9%
    India21.5%
    South Africa14%
    Brazil11.3%
    Taiwan8.6%
  • Financials30.8%
    Information Technology26.8%
    Consumer Discretionary14.2%
    Consumer Staples11.5%
    Industrials6.5%
  • Chinese Equities23.9%
    Indian Equities21.5%
    South African Equities14%
    Brazilian Equities11.3%
    Taiwanese Equities8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%-4.3%17%28.5%20%22.5%
Sector-5.4%-1.6%17.8%24.8%18.7%24.7%
Rank within sector168 / 274216 / 273185 / 27073 / 26694 / 228111 / 188
Quartile3rd4th3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund29.7%-11.4%4.6%-6.3%12.6%
Sector26.3%-8.5%3%-3.4%13.2%
Rank within sector82 / 267171 / 25594 / 228140 / 209108 / 188
Quartile2nd3rd2nd3rd3rd
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.
0.31
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
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.
0.18
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%.
16.99
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.
5.01
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.
0.04
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.
0.91
Price movement
52 week high361.8
52 week low226
Current bid price319.1
Current offer price319.1
Current mid price-
Region
1China23.9%
2India21.5%
3South Africa14%
4Brazil11.3%
5Taiwan8.6%
6Russia5.5%
7Indonesia3.3%
8Korea3%
9Thailand1.4%
Industry sector
1Financials30.8%
2Information Technology26.8%
3Consumer Discretionary14.2%
4Consumer Staples11.5%
5Industrials6.5%
6Energy3.5%
7Materials2.6%
8Health Care2.4%
9Money Market1.3%
Asset type
1Chinese Equities23.9%
2Indian Equities21.5%
3South African Equities14%
4Brazilian Equities11.3%
5Taiwanese Equities8.6%
6Russian Equities5.5%
7Indonesian Equities3.3%
8South Korean Equities3%
9American Emerging Equities1.7%
Individual holdings
1TENCENT HLDGS LIMITED6%
2TAIWAN SEMICONDUCTOR CO4.5%
3HOUSING DEVELOPMENT FINANCE CORP4.2%
4HOUSING DEVELOPMENT FINANCE CORP4.2%
5HDFC BANK LTD3.9%
6AIA GROUP LTD3.7%
7TATA CONSULTANCY SERVICES2.9%
8TATA CONSULTANCY SERVICES2.9%
9BID2.7%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
JP Morgan state that the fund provides long-term capital growth by investing primarily in equity and equity linked securities of emerging markets companies. Emerging markets companies are companies that are incorporated under the laws of, and have their registered office in, an emerging market country, or that derive the predominant part of their economic activity from emerging market countries, even if listed elsewhere. Smaller companies may be held on an ancillary basis. Other instruments as permitted in the stated investment and borrowing powers of the fund include, but are not limited to, fixed interest securities, cash and cash equivalents and may be held on an ancillary basis as appropriate.
Benchmark
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Austin Forey30/06/1997Austin Forey, managing director, is a portfolio manager responsible for Global Emerging Markets portfolios based in London. An employee since 1988, Austin has fulfilled his role as Global Emerging Markets portfolio manager since 1994. Prior to this he worked in the UK market, where he was deputy head of UK research. Before this, Austin worked as research analyst covering engineering, and subsequently all financial sectors, including property; other responsibilities included co-management of a mid-cap investment trust, and two specialist unit trusts. Austin obtained a B.A. in modern languages from Cambridge University, and earned a Ph.D. in modern languages from Cambridge University.
Leon Eidelman15/02/2013Leon Eidelman, managing director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in New York. An employee since 2002, Leon is a member of the group of Global Emerging Market portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies. He is lead manager of the GEM Discovery strategy and is a portfolio manager on the GEM Focused Strategy. Leon holds a B.A. in economics with a concentration in finance from Cornell University and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL JPM Emerging Markets EP
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price319.1
Offer price319.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRR4
FL JPM Emerging Markets EP S3
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price319.2
Offer price319.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRR5
Data provided by

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