Fact sheet: Investec EmgMkLcCurDt

Fund information
Fund name
Investec Emerging Markets Local Currency Debt I Gr Acc GBP
Fund manager company
Investec Fund Managers (UK)
Fund type
OEIC
Fund managers
  • Peter Eerdmanssince 30/11/2007
  • Werner Gey van Pittiussince 01/12/2012
Fund objective
The Fund aims to provide income with the opportunity for long term capital growth primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers and in derivatives the underlying assets of which are public sector, sovereign and corporate bonds issued by emerging market borrowers.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
21.5%
1 Year rank in sector
9/11
Sector
UT Global Emerging Market Bond
Yield
6.2%
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.
0.91%
Fund size
£372m (£816m 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.
107
Mid price
198.07
Top in this sector
Fund name1 Year
Threadneedle EmgMkt Bd27.2%
M&G Emerging Mkts Bd27.1%
Stan Life Inv EmMktDt26.2%
L&G Em Gov Bd (US$) Index25.2%
Investec EmgMktsBdDbt24.2%
...more in UT Global Emerging Market Bond

Performance snapshot

Holdings snapshot

  • Turkey13.4%
    Indonesia12.2%
    Brazil10.6%
    Mexico8.3%
    Russia7.7%
  • Debt89.1%
    Mutual Funds6.3%
    Money Market2.1%
    Investment Grade Corporate Bonds1%
    Index Linked0.7%
  • Middle East & African Fixed Interest13.4%
    Indonesian Fixed Interest12.2%
    Brazilian Fixed Interest10.6%
    Mexican Fixed Interest8.3%
    American Emerging Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-11.1%-2.4%13.7%21.5%5.9%6.3%
Sector-8.3%-2.3%11.5%19%18.9%22.5%
Rank within sector12 / 129 / 128 / 129 / 118 / 105 / 7
Quartile4th3rd3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund23.2%-12.8%0.3%-12.1%12.4%
Sector20%-4.2%4.3%-9.6%11.9%
Rank within sector9 / 1111 / 118 / 108 / 102 / 7
Quartile4th4th4th4th2nd
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.
-5.4
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.
1.37
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%.
14.2
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.
4.49
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.
-0.71
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.
0.97
Price movement
52 week high224.89
52 week low155.05
Current bid price-
Current offer price-
Current mid price198.07
Region
1Turkey13.4%
2Indonesia12.2%
3Brazil10.6%
4Mexico8.3%
5Russia7.7%
6Poland7.4%
7Colombia6.6%
8Malaysia6.6%
9Luxembourg4.8%
Industry sector
1Debt89.1%
2Mutual Funds6.3%
3Money Market2.1%
4Investment Grade Corporate Bonds1%
5Index Linked0.7%
6Foreign Exchange0.6%
7Government Bonds0.5%
8Others-0.3%
Asset type
1Middle East & African Fixed Interest13.4%
2Indonesian Fixed Interest12.2%
3Brazilian Fixed Interest10.6%
4Mexican Fixed Interest8.3%
5American Emerging Fixed Interest7.8%
6Russian Fixed Interest7.7%
7Polish Fixed Interest7.4%
8Malaysian Fixed Interest6.6%
9Luxembourg Fixed Interest4.8%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005.6%
2TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10003.7%
3INVESTEC INVESTMENT GRADE CORPORATE BOND S GR ACC USD3.4%
4POLAND(STATE TREASURY OF) 1.5% BDS 25/04/20 PLN10002.2%
5POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10002.1%
6TURKEY(REPUBLIC OF) 8.3% BDS 20/06/18 TRY1002%
7RUSSIAN FEDERATION MINISTRY FINANCE 6.2% BDS 31/01/18 RUB10001.9%
8RUSSIAN FEDERATION MINISTRY FINANCE 7.4% BDS 19/04/17 RUB10001.8%
9INTER AMERICAN DEVELOPMENT BANK 7.35% NTS 12/09/18 IDR100000001.7%
Management
Fund manager group
Investec
Fund manager company
Investec Fund Managers (UK)
Fund type
OEIC
Fund objective
The Fund aims to provide income with the opportunity for long term capital growth primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers and in derivatives the underlying assets of which are public sector, sovereign and corporate bonds issued by emerging market borrowers.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Peter Eerdmans30/11/2007Peter 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.
Werner Gey van Pittius01/12/2012Werner is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Peter Eerdmans for all global emerging market debt strategies. Werner is also responsible for the former CIS, Middle Eastern and African markets within the team. He moved to London from Cape Town where he was a fixed income quantitative analyst and managed Investec Asset Management’s asset and liability matching book. Prior to Investec Asset Management, Werner played professional rugby in concurrence with academic programmes. Werner holds a Bachelor of Commerce (Insurance Science) degree from the University of Pretoria, a Bachelor of Commerce (Honours) degree in Financial Economics from the University of Stellenbosch and a Master of Science degree in Applied Statistics from Oxford University. In addition, Werner obtained the Society of Technical Analysts diploma and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2006.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Germany, United Kingdom, Luxembourg, Netherlands, Peru, Singapore
Investec Emerging Markets Local Currency Debt A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price167.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAEE6
Investec Emerging Markets Local Currency Debt A Gr Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price187.14
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAEE8
Investec Emerging Markets Local Currency Debt A Gr Acc USD
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price236.35
CurrencyUSX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBLU7
Investec Emerging Markets Local Currency Debt A Gr Inc-2 GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price96.05
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAEE7
Investec Emerging Markets Local Currency Debt A Inc-2 GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price95.48
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAEE5
Investec Emerging Markets Local Currency Debt I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price96.01
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code12GG
Investec Emerging Markets Local Currency Debt I Gr Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price198.07
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAEE4
Investec Emerging Markets Local Currency Debt I Gr Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price250.34
CurrencyUSX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBOC6
Investec Emerging Markets Local Currency Debt I Gr Inc-2 GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.56
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKY8E
Investec Emerging Markets Local Currency Debt I Inc-2 GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price79.34
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHBA4
Investec Emerging Markets Local Currency Debt R Acc GBP
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.52
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3YU
Investec Emerging Markets Local Currency Debt R Inc-2 GBP
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price72.47
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI3YV
Investec Emerging Markets Local Currency Debt S Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price188.94
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBOC7
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