Fact sheet: Invesco EmLoCuDe

Fund information
Fund name
Invesco Emerging Local Currencies Debt R Inc USD
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund managers
  • Michael Hymansince 12/10/2016
  • Rashique Rahmansince 30/03/2015
  • Jorge Ordonezsince 18/08/2015
  • Avi Hoopersince 18/08/2015
Fund objective
The objective of the Fund is to achieve long-term capital growth and high income. The Fund will invest at least two thirds of its total assets (after deduction of ancillary liquid assets) in a flexible allocation of, debt securities (including corporate bonds, and bonds issued by supranational organisations) and financial derivative instruments which are denominated in the currency of emerging market countries.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.5%
1 Year rank in sector
197/218
Sector
FO Fixed Int - Emerging Markets
Yield
6.3%
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.
2.56%
Fund size
£382m (£385m 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.
108
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Global Emerging Markets97.3%
    Money Market2.7%
  • Fixed Interest97.3%
    Money Market2.7%
  • Global Emerging Market Fixed Interest97.3%
    Money Market2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.5%-6%-0.4%1.5%-19.7%-18%
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector176 / 227187 / 225186 / 223197 / 218160 / 16893 / 100
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.4%-17.1%-7.4%-10.9%15.6%
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector178 / 220187 / 203161 / 173108 / 12764 / 101
Quartile4th4th4th4th3rd
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.
-6.66
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.
1.59
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.
-0.01
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%.
11.81
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.
5.2
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.
-1.28
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.
0.93
Price movement
52 week high6.54
52 week low5.57
Current bid price-
Current offer price-
Current mid price5.84
Region
1Global Emerging Markets97.3%
2Money Market2.7%
Industry sector
1Fixed Interest97.3%
2Money Market2.7%
Asset type
1Global Emerging Market Fixed Interest97.3%
2Money Market2.7%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Invesco Management S.A.
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to achieve long-term capital growth and high income. The Fund will invest at least two thirds of its total assets (after deduction of ancillary liquid assets) in a flexible allocation of, debt securities (including corporate bonds, and bonds issued by supranational organisations) and financial derivative instruments which are denominated in the currency of emerging market countries.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Hyman12/10/2016Michael Hyman is Chief Investment Officer, Global Investment Grade and Emerging Markets. In his previous role Michael was Head of Investment Grade Portfolio Management for IFI. Prior to joining Invesco in 2013, Michael was with ING Investment Management and ING Institutional Markets for 12 years. At ING, he was head of investment grade corporate credit with responsibility for managing a variety of investment grade credit-related portfolios, including insurance, mutual fund and institutional separate account mandates. Preceding ING, Michael was a director of capital markets for GE Capital, where he was responsible for securitization and derivative structuring. He also held trading and risk management positions at Societe Generale and Yasuda Trust and Bank. He entered the industry in 1991. Michael earned his BSE in finance from Pennsylvania State University, and his MBA from the Stern School of Business at New York University.
Rashique Rahman30/03/2015Rashique Rahman is the Head of Emerging Markets (EM) for Invesco Fixed Income. Mr. Rahman joined Invesco in 2014, and throughout his career has led or been an integral part of various EM strategy and research teams. Previously, Mr. Rahman was co-head of Global Foreign Exchange and Emerging Markets Strategy at Morgan Stanley, leading the global EM fixed income and currency effort. Prior to this, he led global strategy for EM at HSBC, based in New York. He has also held positions at Citigroup, both as a senior EM strategist and as principal trader, based in London. He worked as a portfolio manager for local EM (rates/FX) at Armored Wolf, a US-based multi-asset alternative asset manager. His background also includes work as a sovereign analyst at Standard & Poor's in the sovereign ratings group. Mr. Rahman earned an MBA and MA at Columbia University and did his undergraduate work at UCLA.
Jorge Ordonez18/08/2015Jorge Ordonez joined Invesco in 2015. Previously, he was a managing director for emerging market corporate investments at Claren Road Asset Management LLC. Before joining Claren Road, he was a desk analyst for Latin American corporate trading with Morgan Stanley & Co. and a managing director for Chinook Capital Partners LLC/Telio LLC, where he was focused on energy and Latin American corporates. Jorge has held investment and trading related roles at Xcel Energy Inc. and General Electric Capital Corp., and investment banking and advisory roles at Deutsche Bank Alex Brown Inc., Lehman Brothers Inc. and Babcock & Brown Inc. He began his career in 1985 at the Union Bank of Switzerland. Jorge earned a BA degree in economics from Haverford College and an MBA with a concentration in finance from the Tuck School of Business at Dartmouth.
Avi Hooper18/08/2015Prior to joining Invesco in 2010, Avi was a portfolio manager with Blackfriars Asset Management, where he worked with the global fixed income and currency team. More recently, his focus was on emerging market debt. Avi entered the industry in 1998. He earned a BAS with a focus on accounting and finance from York University in Canada. Avi is a member of the Society of Technical Analysts (MSTA) and a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Jersey, Luxembourg, Macau, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Invesco Emerging Local Currencies Debt A Acc USD
Initial charge5.26%
Annual charge1.5%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price12.0183
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ450
Invesco Emerging Local Currencies Debt A Annual Dis EUR
Initial charge5.26%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price8.0423
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG50G
Invesco Emerging Local Currencies Debt A HKD
Initial charge5.26%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price61.0486
CurrencyHKD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeACKG
Invesco Emerging Local Currencies Debt A Hedged EUR
Initial charge5.26%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price6.3637
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD5P2
Invesco Emerging Local Currencies Debt A Hedged Inc EUR
Initial charge5.26%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price5.1351
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKGT1
Invesco Emerging Local Currencies Debt A Hedged Monthly Dis 1 AUD
Initial charge5.26%
Annual charge1.5%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.6076
CurrencyAUD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFMDQ
Invesco Emerging Local Currencies Debt A Inc USD
Initial charge5.26%
Annual charge1.5%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price6.5677
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ451
Invesco Emerging Local Currencies Debt B Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.5862
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFLIW
Invesco Emerging Local Currencies Debt C Acc USD
Initial charge5.26%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price12.6131
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ449
Invesco Emerging Local Currencies Debt C Hedged EUR
Initial charge5.26%
Annual charge1%
Min single investment£800,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price7.337
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD5P3
Invesco Emerging Local Currencies Debt E Acc EUR
Initial charge3.09%
Annual charge2%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)2.33%
Bid price-
Offer price-
Mid price10.838
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ448
Invesco Emerging Local Currencies Debt E Hedged Monthly Dis EUR
Initial charge3.09%
Annual charge2%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.7642
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFLIV
Invesco Emerging Local Currencies Debt R Inc USD
Initial charge-
Annual charge1.5%
Min single investment£1,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price5.8419
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN6M0
Invesco Emerging Local Currencies Debt Z Hedged Annual Dis EUR
Initial charge5.26%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.0022
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFAQX
Data provided by

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