Fact sheet: FL Lazard Emg Mkts EP

Fund information
Fund name
FL Lazard Emerging Markets EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • James Donaldsince 25/05/1997
Underlying fund
Lazard Emerging Markets
Fund objective
Lazard state that the fund aims to achieve long-term capital growth through investment in shares of companies which are based or have significant business interests in developing and emerging market countries. The fund has discretion as to which shares it will hold. The fund will seek to acquire shares of companies which are selling for low prices relative to the financial strength of the companies (i.e. shares which are undervalued).
Benchmark
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
60.9%
1 Year rank in sector
43/266
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.
135
Bid price
374.8
Offer price
374.8
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn86.9%
OMW IPL IFDSHdsnRwFTSERAFIEMPn82%
Zurich Threadneedle Am Pn73.2%
Aegon ThrdndlLatAmPn72.7%
FL Tneedle Latin Am EP71.9%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia53.6%
    European Emerging Markets16.4%
    Latin America15.8%
    Africa9.5%
    Money Market4.7%
  • Financials31.4%
    Information Technology22.3%
    Telecommunications Utilities10.3%
    Energy8.2%
    Consumer Discretionary7.7%
  • Asia Pacific Emerging Equities53.6%
    European Emerging Equities16.4%
    American Emerging Equities15.8%
    Middle East & African Equities9.5%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%13.4%9.9%60.9%43.8%31.9%
Sector2.5%10.7%7%51.1%41.5%28.8%
Rank within sector112 / 27560 / 27451 / 27143 / 266104 / 22768 / 191
Quartile2nd1st1st1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.2%45.9%-15.8%1%-2.5%
Sector7.1%31.9%-8.5%3%-3.4%
Rank within sector159 / 27126 / 265228 / 253166 / 22660 / 207
Quartile3rd1st4th3rd2nd
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.
1.08
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.
0.47
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%.
17.53
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.
5.13
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.
0.06
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.
0.92
Price movement
52 week high374.8
52 week low236.4
Current bid price374.8
Current offer price374.8
Current mid price-
Region
1Emerging Asia53.6%
2European Emerging Markets16.4%
3Latin America15.8%
4Africa9.5%
5Money Market4.7%
Industry sector
1Financials31.4%
2Information Technology22.3%
3Telecommunications Utilities10.3%
4Energy8.2%
5Consumer Discretionary7.7%
6Consumer Staples5.8%
7Industrials5.3%
8Money Market4.7%
9Materials3.6%
Asset type
1Asia Pacific Emerging Equities53.6%
2European Emerging Equities16.4%
3American Emerging Equities15.8%
4Middle East & African Equities9.5%
5Money Market4.7%
Individual holdings
1CHINA CONSTRUCTION BANK4.8%
2SBERBANK OF RUSSIA3.9%
3TAIWAN SEMICONDUCTOR MANUFACTURING3.8%
4SAMSUNG ELECTRONICS CO3.7%
5BANCO DO BRASIL3.2%
6TATA CONSULTANCY SERVICES3%
7TATA CONSULTANCY SERVICES3%
8NETEASE INC2.7%
9BAIDU INC2.5%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Lazard state that the fund aims to achieve long-term capital growth through investment in shares of companies which are based or have significant business interests in developing and emerging market countries. The fund has discretion as to which shares it will hold. The fund will seek to acquire shares of companies which are selling for low prices relative to the financial strength of the companies (i.e. shares which are undervalued).
Benchmark
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
James Donald25/05/1997James Donald is a Portfolio Manager/Analyst on the Emerging Markets Equity team and Head of the Emerging Markets Group. He is also a member of the International Equity Select with Emerging Markets team. Since joining Lazard in 1996, James has been instrumental in developing and coordinating the emerging markets activities at Lazard. He began working in the investment field in 1983. Prior to joining Lazard, James was a Portfolio Manager with Mercury Asset Management. He has a BA (Hons) in history from the University of Western Ontario. James is a board member of EMpower, a charity of investment professionals focused on adolescents, health care, and women's issues in emerging markets countries, as well as a member of the 20-20 Investments Association, an investor group that is focused on emerging markets.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Lazard 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)1.32%
Bid price374.8
Offer price374.8
Mid price-
CurrencyGBX
Price updated16/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRT0
FL Lazard 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)1.32%
Bid price374.9
Offer price374.9
Mid price-
CurrencyGBX
Price updated16/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBRT1
Data provided by

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