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 01/10/2013
  • Werner Gey van Pittiussince 01/10/2013
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
8.5%
1 Year rank in sector
84/219
Sector
FO Fixed Int - Emerging Markets
Yield
5.5%
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.
1.06%
Fund size
£84m (£64m 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.
89
Top in this sector
Fund name1 Year
Ashmore EMHghYldCrDb29.3%
Pictet Lat Am Lcl Cur Dt28.6%
Old Mutual Em Mt Dt24.5%
Gramercy Allct Emg Mket Debt24.5%
Ashburton India FxIn Opps24.1%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others11.1%
    Money Market7.9%
    Mexico7.1%
    Indonesia6.3%
    Russia5.8%
  • Debt69.7%
    Investment Grade Corporate Bonds14.8%
    Money Market7.9%
    High Yield Bond7.6%
  • American Emerging Fixed Interest22.1%
    Global Fixed Interest11.1%
    Money Market7.9%
    Mexican Fixed Interest7.1%
    Indonesian Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%4.1%0.7%8.5%16.2%25.2%
Sector1.1%4.2%1.8%8.1%4.1%7.1%
Rank within sector40 / 233101 / 232169 / 22784 / 21944 / 182-
Quartile1st2nd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund5.6%9.6%-0.2%5.8%-7.5%
Sector5.1%10.2%-7.3%-0.6%-7%
Rank within sector81 / 232100 / 21550 / 20136 / 17068 / 124
Quartile2nd2nd1st1st3rd
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.
3.98
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.
0.85
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.
0.26
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%.
6.61
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.
1.61
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 low17.05
Current bid price-
Current offer price-
Current mid price18
Region
1Others11.1%
2Money Market7.9%
3Mexico7.1%
4Indonesia6.3%
5Russia5.8%
6Qatar5.7%
7Chile5.5%
8Argentina5%
9Turkey4.9%
Industry sector
1Debt69.7%
2Investment Grade Corporate Bonds14.8%
3Money Market7.9%
4High Yield Bond7.6%
Asset type
1American Emerging Fixed Interest22.1%
2Global Fixed Interest11.1%
3Money Market7.9%
4Mexican Fixed Interest7.1%
5Indonesian Fixed Interest6.3%
6Russian Fixed Interest5.8%
7GCC Fixed Interest5.7%
8European Emerging Fixed Interest5.6%
9Chilean Fixed Interest5.5%
Individual holdings
1QATAR(STATE OF) 9.75% BDS 15/6/2030 USD1000 REG`S4.6%
2DOMINICAN REPUBLIC 8.625% NTS 20/04/27 USD1000 `144A`2.9%
3EMPRESA DE TRANSPORTE DE PASAJ 5 JAN 25 472.3%
4COSTA RICA(REPUBLIC OF) 7.158% BDS 12/03/45 USD2000002.1%
5STATE OIL CO OF THE AZER 6.95% SR UNSEC NTS 18/03/30 USD2000002.1%
6ARGENTINA(REPUBLIC OF) 6.875% BDS 26/01/27 USD10002%
7Devisentermin Kauf CAD/CHF zu 0.72672%
8EMPRESA NACIONAL DEL PETROLEO 4.375% BDS 30/10/24 USD 144A2%
9INDONESIA(REPUBLIC OF) 8.5% BDS 12/10/35 USD1000 `REGS`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 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 Taberer01/10/2013Vivienne 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 Pittius01/10/2013Werner 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)1.96%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price20.16
CurrencyUSD
Price updated21/04/2017
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)2.17%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price19.95
CurrencyUSD
Price updated21/04/2017
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)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price27.31
CurrencyEUR
Price updated21/04/2017
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)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price28.81
CurrencyGBP
Price updated21/04/2017
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)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price22.42
CurrencyUSD
Price updated21/04/2017
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)1.06%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price18
CurrencyUSD
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI0QE
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)0.17%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price29.86
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAP6
Data provided by

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