Fact sheet: Investec EmMrkLcCrTtlRtDb

Fund information
Fund name
Investec Emerging Markets Local Currency Total Return Debt IX Gr Inc-2 USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Antoon de Klerksince 02/12/2013
  • André Rouxsince 02/12/2013
Fund objective
The Fund aims to provide income with the opportunity for long-term capital growth, primarily through investment in a diversified portfolio of debt securities (e.g. bonds) issued by Emerging Markets Borrowers and derivatives which offer exposure to such debt securities.
Benchmark
  • JPMorgan GBI-EM Global Diversified USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
187/217
Sector
FO Fixed Int - Emerging Markets
Yield
6.6%
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.
1.09%
Fund size
£200m
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.
87
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35%
Rubrics Ind Fxd Inc UCITS32%
Pictet Lat Am Lcl Cur Dt31.8%
Schroder ISF EmgMktBd31.7%
Old Mutual Em Mt Dt29.2%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Russia11.7%
    South Africa9.8%
    Brazil9.5%
    Chile8%
    Mexico7.9%
  • Debt95.8%
    Money Market4.5%
    Foreign Exchange-0.3%
  • Russian Fixed Interest11.7%
    Middle East & African Fixed Interest11.4%
    South African Fixed Interest9.8%
    Brazilian Fixed Interest9.5%
    Chilean Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.2%-6.5%-2.8%3.7%-9.9%-
Sector-3.4%-3.8%1.7%6.9%0.6%6.1%
Rank within sector169 / 225168 / 224198 / 222187 / 217132 / 171-
Quartile4th3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.9%-11.4%-2.5%--
Sector8.9%-7.3%-0.6%-7%14.7%
Rank within sector192 / 219159 / 203119 / 173--
Quartile4th4th3rd
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 high17.29
52 week low15.36
Current bid price-
Current offer price-
Current mid price15.83
Region
1Russia11.7%
2South Africa9.8%
3Brazil9.5%
4Chile8%
5Mexico7.9%
6Indonesia7.3%
7Romania7%
8Malaysia6.6%
9Turkey6.5%
Industry sector
1Debt95.8%
2Money Market4.5%
3Foreign Exchange-0.3%
Asset type
1Russian Fixed Interest11.7%
2Middle East & African Fixed Interest11.4%
3South African Fixed Interest9.8%
4Brazilian Fixed Interest9.5%
5Chilean Fixed Interest8%
6Mexican Fixed Interest7.9%
7Indonesian Fixed Interest7.3%
8European Emerging Fixed Interest7%
9Malaysian Fixed Interest6.6%
Individual holdings
1RUSSIAN FEDERATION MINISTRY FINANCE 7.6% BDS 20/07/22 RUB10005.3%
2ISRAEL(STATE OF) 1.75% NTS 31/08/25 ILS10004.9%
3RUSSIAN FEDERAL BOND - OFZ 6.7 MAY 15 194.3%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10004.1%
5RSA 6.75 MAR 31 213.7%
6PHILIPPINES(REPUBLIC OF) 6.25% BDS 14/01/36 PHP100000003.2%
7INDONESIA(REPUBLIC OF) 5.625% BDS 15/05/23 IDR10000003.1%
8MEXICAN BONOS 6.500 09/06/223.1%
9TURKEY(REPUBLIC OF) 8.8% BDS 27/09/23 TRY10003.1%
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 debt securities (e.g. bonds) issued by Emerging Markets Borrowers and derivatives which offer exposure to such debt securities.
Benchmark
  • JPMorgan GBI-EM Global Diversified USD
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Antoon de Klerk02/12/2013Antoon is an investment specialist in the Global Emerging Market Debt team and a portfolio manager. Antoon joined the Investec Group in 2005 as part of the Investec chartered accountant (TOPP) Programme. After spending time in accounts and investment banking, where he was involved with merger and acquisition advisory work, he joined Investec Asset Management in 2006. Antoon holds a Masters degree (cum laude) in economics and an honours degree in accounting from the University of Stellenbosch and is CA (SA). Antoon studied in Germany as part of his post-graduate economic studies.
André Roux02/12/2013André is the co-head of Emerging Market Fixed Income at Investec Asset Management. He is responsible for South Africa fixed income. Prior to joining the firm in 1999, André was the deputy director general of the Department of Finance, where he took responsibility for macroeconomic, fiscal and tax policy and intergovernmental fiscal relations. Prior to that, André spent two years at the Development Bank of Southern Africa. This followed a distinguished academic career during which he published on fiscal and development issues. André holds a Master of Philosophy (Economics) degree from Cambridge University, a Master of Science (Mathematics) degree from Oxford University and a Bachelor’s degree from the University of Cape Town.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, Denmark, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore
Investec Emerging Markets Local Currency Total Return Debt I Gr Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.77
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS5E
Investec Emerging Markets Local Currency Total Return 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)1.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.83
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF8G
Investec Emerging Markets Local Currency Total Return Debt JX Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.83
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC06J
Investec Emerging Markets Local Currency Total Return 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)0.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.26
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF8H
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.