Fact sheet: Investec EmgMkt Hrd Cur Dt

Fund information
Fund name
Investec Emerging Markets Hard Currency Debt IX Gr Inc-2 USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Vivienne Taberersince 30/09/2013
  • Werner Gey van Pittiussince 30/09/2013
Fund objective
The Fund aims to provide income and generate capital gains over the long-term, 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. These securities will be primarily denominated in hard currencies (globally traded major currencies).
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.9%
1 Year rank in sector
73/217
Sector
FO Fixed Int - Emerging Markets
Yield
5.6%
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
£78m (£61m 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.
88
Top in this sector
Fund name1 Year
Rubrics Ind Fxd Inc UCITS32%
UBS (L)BdSIC-Brazil$31.5%
Pictet Lat Am Lcl Cur Dt29.3%
Schroder ISF EmgMktBd29%
Pioneer SICV-Emg Mkt Bd28.1%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Money Market13%
    Others9.6%
    Mexico6.5%
    Colombia6.2%
    Indonesia6%
  • Debt72.5%
    Money Market13%
    Investment Grade Corporate Bonds8.1%
    High Yield Bond5.8%
    Government Bonds0.3%
  • American Emerging Fixed Interest36.3%
    Money Market13%
    Global Fixed Interest9.6%
    Mexican Fixed Interest6.5%
    GCC Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5%-6%0.3%6.9%15.4%23.6%
Sector-4%-3.9%1.9%5.8%0%5.1%
Rank within sector151 / 225158 / 224131 / 22273 / 21731 / 170-
Quartile3rd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.7%-0.2%5.8%-7.5%-
Sector8%-7.3%-0.6%-7%14.7%
Rank within sector94 / 21947 / 20333 / 17368 / 127-
Quartile2nd1st1st3rd
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.
4.82
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.
0.87
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.
0.19
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%.
6.77
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.
2.35
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.
2.06
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.
0.9
Price movement
52 week high18.54
52 week low16.32
Current bid price-
Current offer price-
Current mid price17.12
Region
1Money Market13%
2Others9.6%
3Mexico6.5%
4Colombia6.2%
5Indonesia6%
6Qatar6%
7Uruguay6%
8Turkey5.9%
9Costa Rica5.4%
Industry sector
1Debt72.5%
2Money Market13%
3Investment Grade Corporate Bonds8.1%
4High Yield Bond5.8%
5Government Bonds0.3%
6Investment Grade Government Bonds0.3%
Asset type
1American Emerging Fixed Interest36.3%
2Money Market13%
3Global Fixed Interest9.6%
4Mexican Fixed Interest6.5%
5GCC Fixed Interest6%
6Indonesian Fixed Interest6%
7Middle East & African Fixed Interest5.9%
8European Emerging Fixed Interest4.1%
9Brazilian Fixed Interest3.2%
Individual holdings
1QATAR(STATE OF) 9.75% BDS 15/6/2030 USD1000 REG`S4.8%
2PANAMA(REPUBLIC OF) 9.375% BDS 1/4/29 USD10003.2%
3DOMINICAN REPUBLIC 8.625% NTS 20/04/27 USD1000 `144A`3%
4URUGUAY 7.875% NTS 15/1/33 USD13%
5URUGUAY 7.625% BDS 21/03/36 USD12.9%
6COSTA RICA(REPUBLIC OF) 7.158% BDS12/03/45 USD2000002.8%
7COSTA RICA(REPUBLIC OF) 7% BDS 04/04/44 USD200000144A2.3%
8INDONESIA(REPUBLIC OF) 8.5% BDS 12/10/35 USD1000 `REGS`2.1%
9ROMANIA(REPUBLIC OF) 6.125% BDS 22/01/44 USD20002.1%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to provide income and generate capital gains over the long-term, 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. These securities will be primarily denominated in hard currencies (globally traded major currencies).
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Vivienne Taberer30/09/2013Vivienne is an investment specialist in the Global Emerging Market Debt team and a portfolio manager. She is responsible for Latin American bond and currency markets. Prior to joining the firm in 2002, Vivienne worked at Standard Bank in London for seven years, initially specialising in South African fixed income before moving into sales and trading across the whole spectrum of emerging market debt. Prior to this, Vivienne worked at Mizuho International in London and First National Bank trading South African bonds, bond options, FRAs and swaps. Vivienne graduated from the University of the Witwatersrand with a Bachelor of Commerce degree and a Bachelor of Laws degree and she has completed the London School of Business Investment Management Programme.
Werner Gey van Pittius30/09/2013Werner 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
Reporting Fund Status, UCITS III Compliant, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Investec Emerging Markets Hard Currency Debt A Gr Inc-2 USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price19.23
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNAO9
Investec Emerging Markets Hard Currency Debt F Gr Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price19.05
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNAP3
Investec Emerging Markets Hard Currency Debt I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price25.3
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMGT
Investec Emerging Markets Hard Currency Debt I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price27.01
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMGU
Investec Emerging Markets Hard Currency Debt I Acc 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)-
Bid price-
Offer price-
Mid price20.92
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFT6V
Investec Emerging Markets Hard Currency Debt IX Gr Inc-2 USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price17.12
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI0QE
Investec Emerging Markets Hard Currency Debt S Gr Acc GBP
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)0.11%
Bid price-
Offer price-
Mid price36.22
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNOL6
Investec Emerging Markets Hard Currency Debt S Gr Acc USD
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price27.77
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAP6
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