Fact sheet: Investec As Loc Ccy Bd

Fund information
Fund name
Investec Asia Local Currency Bond F Gr Inc-2 USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Peter Eerdmanssince 02/12/2013
  • Wilfred Weesince 02/12/2013
Fund objective
The Fund aims to provide income with the opportunity for long-term capital growth primarily through investment in a regionally diversified portfolio of debt securities (e.g. bonds) issued by Asian Borrowers and derivatives which offer exposure to such debt securities. These securities will be primarily denominated in the currencies of Asian market countries.
Benchmark
  • JP Morgan Asia Broad Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.7%
1 Year rank in sector
166/201
Sector
FO Fixed Int - Emerging Markets
Yield
4.4%
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.
2.26%
Fund size
£22m
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.
70
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$56.8%
Pictet Lat Am Lcl Cur Dt44%
Old Mutual Em Mt Dt38.4%
SEI Emg Mkts Dt37.7%
Aviva Investors Emg Mkts Bd37.7%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Indonesia22.6%
    China11.5%
    Singapore10.2%
    Philippines8.7%
    Luxembourg8.1%
  • Debt67.6%
    Investment Grade Corporate Bonds13.4%
    Mutual Funds8.1%
    Money Market7.7%
    High Yield Bond2.9%
  • Indonesian Fixed Interest22.6%
    Chinese Fixed Interest11.5%
    Singapore Fixed Interest10.2%
    Philippine Fixed Interest8.7%
    Luxembourg Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%2.1%3.5%10.7%--
Sector0.4%4%8.6%13.7%3.8%14.1%
Rank within sector208 / 213182 / 210196 / 207166 / 201--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund7.8%-5.4%1.6%--
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector182 / 205114 / 19483 / 170--
Quartile4th3rd2nd
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 high19.11
52 week low17.56
Current bid price-
Current offer price-
Current mid price18.71
Region
1Indonesia22.6%
2China11.5%
3Singapore10.2%
4Philippines8.7%
5Luxembourg8.1%
6Money Market8.1%
7India7.9%
8Korea7.5%
9Thailand7.2%
Industry sector
1Debt67.6%
2Investment Grade Corporate Bonds13.4%
3Mutual Funds8.1%
4Money Market7.7%
5High Yield Bond2.9%
6Foreign Exchange0.3%
Asset type
1Indonesian Fixed Interest22.6%
2Chinese Fixed Interest11.5%
3Singapore Fixed Interest10.2%
4Philippine Fixed Interest8.7%
5Luxembourg Fixed Interest8.1%
6Money Market8.1%
7Indian Fixed Interest7.9%
8South Korean Fixed Interest7.5%
9Thai Fixed Interest7.2%
Individual holdings
1ONSHORE RENMINBI BOND FUND8.1%
2EXPORT-IMPORT BANK OF INDIA 8.15% BDS 05/03/25 INR10000005.2%
3PHILIPPINES(REPUBLIC OF) 6.25% BDS 14/01/36 PHP100000004%
4INDONESIA(REPUBLIC OF) 8.375% BDS 15/09/26 IDR10003.8%
5PHILIPPINES(REPUBLIC OF) 4.95% BDS 15/01/21 PHP50000003.7%
6INDONESIA(REPUBLIC OF) 9% BDS 15/03/29 IDR10000003.3%
7KOREA TREASURY BOND 4.25 JUN 10 213.2%
8THAILAND 3.65% 17/12/20212.8%
9STANDARD CHARTERED IDR TRS 10.5 15.08.2032.7%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to provide income with the opportunity for long-term capital growth primarily through investment in a regionally diversified portfolio of debt securities (e.g. bonds) issued by Asian Borrowers and derivatives which offer exposure to such debt securities. These securities will be primarily denominated in the currencies of Asian market countries.
Benchmark
  • JP Morgan Asia Broad Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Peter Eerdmans02/12/2013Peter 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.
Wilfred Wee02/12/2013Wilfred is an investment specialist in in the Global Emerging Market Debt team and a portfolio manager. He is responsible for the Asia Local Currency Bond Fund as well as an Asian credit specialist. Prior to joining Investec Asset Management, Wilfred worked for the Government of Singapore Investment Corporation (GIC) for nine years, three of which were based in New York. At the GIC, Wilfred was a portfolio manager and lead credit analyst for Emerging Market credit, focused on Asia. He was also credit analyst and strategist responsible for European financials. Wilfred holds a Bachelor of Arts (Hons.) degree in Economics from the University of Cambridge, and a Masters in Financial Mathematics from Stanford University and is also a CFA charterholder.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Italy, Luxembourg, Offshore
Investec Asia Local Currency Bond F Gr Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.71
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF7B
Investec Asia Local Currency Bond IX Gr Inc-2 USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.31
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF7A
Investec Asia Local Currency Bond S Gr Inc-2 USD
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.8
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF6Z
Data provided by

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