Fact sheet: Investec EM Inv Grd CorpDt

Fund information
Fund name
Investec Emerging Markets Investment Grade Corporate Debt IX Gr Inc-2 USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Peter Eerdmanssince 30/05/2013
  • Victoria Harlingsince 30/05/2013
Fund objective
The Fund aims to provide income with the opportunity for long-term capital growth, primarily through investment in a diversified portfolio of Investment Grade debt securities (e.g. bonds) issued by Emerging Markets Corporate Borrowers and derivatives which offer exposure to such debt securities.
Benchmark
  • JPM CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.9%
1 Year rank in sector
80/217
Sector
FO Fixed Int - Emerging Markets
Yield
4.8%
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.
1.04%
Fund size
£102m
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.
78
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35.7%
Rubrics Ind Fxd Inc UCITS30.6%
Pictet Lat Am Lcl Cur Dt28.5%
Schroder ISF EmgMktBd27.9%
Pioneer SICV-Emg Mkt Bd26.5%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Mexico15.1%
    China12.7%
    Colombia10.1%
    United Arab Emirates9.2%
    Turkey8.1%
  • Investment Grade Corporate Bonds88.1%
    Money Market6.2%
    High Yield Bond3%
    Debt1.6%
    Government Agency Bonds1.1%
  • GCC Fixed Interest18.7%
    Mexican Fixed Interest15.1%
    Chinese Fixed Interest12.7%
    American Emerging Fixed Interest11.6%
    Middle East & African Fixed Interest9.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-4.1%1.1%5.9%15.5%-
Sector-4.4%-3.7%2.2%5.5%-0.2%5.4%
Rank within sector86 / 226115 / 224119 / 22280 / 21729 / 170-
Quartile2nd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7%0.1%7.8%--
Sector7.9%-7.3%-0.6%-7%14.7%
Rank within sector114 / 21942 / 20311 / 173--
Quartile3rd1st1st
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.
4.84
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.
0.58
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.
0.28
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%.
4.81
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.
3.75
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.
1.31
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.
0.81
Price movement
52 week high20.44
52 week low18.54
Current bid price-
Current offer price-
Current mid price19.22
Region
1Mexico15.1%
2China12.7%
3Colombia10.1%
4United Arab Emirates9.2%
5Turkey8.1%
6Brazil6.9%
7Peru6.9%
8Money Market6.2%
9Oman4.5%
Industry sector
1Investment Grade Corporate Bonds88.1%
2Money Market6.2%
3High Yield Bond3%
4Debt1.6%
5Government Agency Bonds1.1%
Asset type
1GCC Fixed Interest18.7%
2Mexican Fixed Interest15.1%
3Chinese Fixed Interest12.7%
4American Emerging Fixed Interest11.6%
5Middle East & African Fixed Interest9.8%
6Brazilian Fixed Interest6.9%
7Peruvian Fixed Interest6.9%
8Money Market6.2%
9Indian Fixed Interest4.3%
Individual holdings
1LAMAR FUNDING LTD 3.958% BDS 07/05/25 USD1000 144A2.9%
2BANCO DE CREDITO DEL PERU 6.875 SEP 16 262.7%
3DP WORLD LTD 6.85 JUL 02 372.7%
4TRANSPORTADORA DE GAS INTERNATIONAL 5.7 MAR 20 222.7%
5CHINA OVERSEAS FINANCE 5.95% BDS 08/05/24 USD2000002.4%
6TURKCELL ILETISIM HIZMETLERI A 5.75 OCT 15 252.3%
7RAKFUNDING CAYMAN LTD 3.25% BDS 24/06/19 USD2000002.2%
8SASOL FINANCING INTL PLC 4.5% GTD NTS 14/11/22 USD10002.2%
9SAUDI ELEC GLOBAL SUKUK CO 3 5.5% BDS 08/04/44 USD10002.2%
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 diversified portfolio of Investment Grade debt securities (e.g. bonds) issued by Emerging Markets Corporate Borrowers and derivatives which offer exposure to such debt securities.
Benchmark
  • JPM CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Peter Eerdmans30/05/2013Peter 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.
Victoria Harling30/05/2013Victoria is an investment specialist in the Global Emerging Markets Debt & Currency team and a portfolio manager. She is responsible for emerging markets corporate debt. Victoria joined Investec Asset Management in 2011 from Nomura International. Victoria previously spent three and a half years working with emerging market trading desks and capital markets teams for Standard Bank and Nomura. She also spent two years running hedge fund and proprietary trading strategies for Rand Merchant Bank and Whitebeam Capital Management. Prior to this, Victoria spent eight and a half years working for Henderson Global Investors where she was responsible for running emerging market debt portfolios. Victoria holds a Bachelor of Science (Biochemistry with Molecular Biology) degree from Leeds University. In addition, Victoria holds the Investment Management certificate (IMC) and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2002.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Luxembourg, Offshore
Investec Emerging Markets Investment Grade Corporate Debt I Gr Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.2
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWZM
Investec Emerging Markets Investment Grade Corporate Debt 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)1.04%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price19.22
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF8QX
Investec Emerging Markets Investment Grade Corporate Debt 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)0.14%
Total expense ratio (TER)0.18%
Bid price-
Offer price-
Mid price19.82
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF8QY
Data provided by

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