Fact sheet: Investec EmgMt Lc CurDt

Fund information
Fund name
Investec Emerging Markets Local Currency Debt I Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Peter Eerdmanssince 30/11/2007
  • Werner Gey van Pittiussince 01/12/2013
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 the currencies of emerging market countries.
Benchmark
  • JP Morgan GBI-EM Global Div Comp
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
192/217
Sector
FO Fixed Int - Emerging Markets
Yield
-
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.
1.05%
Fund size
£562m (£765m 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.
102
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

  • Turkey13.6%
    Indonesia11.8%
    Brazil11.4%
    Mexico8.4%
    Poland7.5%
  • Debt89.8%
    Mutual Funds4.6%
    Money Market3.6%
    Investment Grade Corporate Bonds1.2%
    Foreign Exchange0.6%
  • Middle East & African Fixed Interest13.6%
    Indonesian Fixed Interest11.8%
    Brazilian Fixed Interest11.4%
    Mexican Fixed Interest8.4%
    American Emerging Fixed Interest7.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.7%-8.3%-3.3%3.4%-17.7%-15.4%
Sector-3.4%-3.8%1.7%6.9%0.6%6.1%
Rank within sector209 / 225209 / 224206 / 222192 / 217156 / 17190 / 102
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.1%-16.2%-5.9%-10.6%17.4%
Sector8.9%-7.3%-0.6%-7%14.7%
Rank within sector189 / 219177 / 203142 / 173105 / 12943 / 103
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.
-6.23
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.
1.59
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%.
12.33
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.
5.69
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.
-1.15
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.
0.92
Price movement
52 week high24.57
52 week low20.28
Current bid price-
Current offer price-
Current mid price22.52
Region
1Turkey13.6%
2Indonesia11.8%
3Brazil11.4%
4Mexico8.4%
5Poland7.5%
6Russia7%
7Colombia6.6%
8South Africa5.8%
9Malaysia5.7%
Industry sector
1Debt89.8%
2Mutual Funds4.6%
3Money Market3.6%
4Investment Grade Corporate Bonds1.2%
5Foreign Exchange0.6%
6Index Linked0.5%
7Others-0.3%
Asset type
1Middle East & African Fixed Interest13.6%
2Indonesian Fixed Interest11.8%
3Brazilian Fixed Interest11.4%
4Mexican Fixed Interest8.4%
5American Emerging Fixed Interest7.5%
6Polish Fixed Interest7.5%
7Russian Fixed Interest7%
8South African Fixed Interest5.8%
9Malaysian Fixed Interest5.7%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005.8%
2TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10003.6%
3INVESTEC GSF EM INV GRADE CORP DEBT FUND S USD2.5%
4TURKEY(REPUBLIC OF) 8.8% BDS 14/11/18 TRY12.4%
5INDONESIA 8.375% 15/09/20262%
6RSA 8.25 MAR 31 322%
7RUSSIAN FEDERAL BOND - OFZ 6.7 MAY 15 191.9%
8LETRA TESOURO NACIONAL JAN 01 191.8%
9POLAND(STATE TREASURY OF) 5.25% BDS 25/10/20 PLN10001.8%
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 the currencies of emerging market countries.
Benchmark
  • JP Morgan GBI-EM Global Div Comp
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 Pittius01/12/2013Werner 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Chile, Cayman Islands, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Investec Emerging Markets Local Currency Debt A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price20.9
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAUJ5
Investec Emerging Markets Local Currency Debt A Inc-2 USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price11.57
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAUJ6
Investec Emerging Markets Local Currency Debt C Gr Acc USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.74%
Total expense ratio (TER)3.04%
Bid price-
Offer price-
Mid price14.87
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZTZ
Investec Emerging Markets Local Currency Debt C Inc-2 USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.74%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price10.79
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAUJ7
Investec Emerging Markets Local Currency Debt F Acc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price20.56
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAUJ8
Investec Emerging Markets Local Currency Debt F Hedged EUR
Initial charge5.26%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11QO
Investec Emerging Markets Local Currency Debt F Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price11.3
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAUJ9
Investec Emerging Markets Local Currency Debt I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price29
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPH1
Investec Emerging Markets Local Currency Debt I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.33
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFL0K
Investec Emerging Markets Local Currency Debt I Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price22.52
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAUK0
Investec Emerging Markets Local Currency Debt I 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)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price12.56
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHYB6
Investec Emerging Markets Local 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)1.08%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price11.94
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI1XC
Investec Emerging Markets Local Currency Debt S Acc 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)0.16%
Bid price-
Offer price-
Mid price24.66
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAUK1
Investec Emerging Markets Local 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)0.16%
Bid price-
Offer price-
Mid price22.04
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNOL4
Investec Emerging Markets Local Currency 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)0.17%
Total expense ratio (TER)0.16%
Bid price-
Offer price-
Mid price65.82
CurrencyUSD
Price updated06/07/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA1AF
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