Fact sheet: Investec EmrgMktsSrtDrt

Fund information
Fund name
Investec Emerging Markets Short Duration I Gr Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Antoon de Klerksince 31/01/2011
  • Werner Gey van Pittiussince 31/01/2011
Fund objective
The Fund aims to provide income and generate capital gains over the long-term, primarily through investment in both liquid and illiquid emerging market currencies accessed via currency forwards, currency swaps, non-deliverable forwards, money market instruments, bonds, cash deposits and exchange traded and over the counter derivatives.
Benchmark
  • JP Morgan ELMI
Investment style
Liquidity
Investment method
None
Quick stats
1 Year return
-1.3%
1 Year rank in sector
21/22
Sector
FO Currency - Other
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.
0.93%
Fund size
£24m (£44m 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.
80
Top in this sector
Fund name1 Year
UBS (L)MnMk-AUD1.5%
JPM Liq AUD Liq1.5%
FF AusDoCa1.2%
Nomura C100.7%
Fidelity Inst Liquidity CAD0.4%
...more in FO Currency - Other

Performance snapshot

Holdings snapshot

  • Money Market32.3%
    Mexico14.8%
    Hungary13.3%
    Brazil11.3%
    Turkey9.2%
  • Debt67.7%
    Money Market31.9%
    Foreign Exchange0.4%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.6%-3.9%-1.5%-1.3%-14.9%-13.4%
Sector-0.3%-0.3%-0.2%0.1%-0.4%0.3%
Rank within sector23 / 2323 / 2321 / 2321 / 2221 / 2120 / 21
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.4%-9.7%-6.1%-3.3%6.9%
Sector-0%-0.7%0.3%-0.4%1.5%
Rank within sector6 / 2223 / 2320 / 2221 / 221 / 22
Quartile2nd4th4th4th1st
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.
-3.91
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.
8.18
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%.
6.91
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.
6.48
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.
-0.79
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.
0.52
Price movement
52 week high17.84
52 week low16.16
Current bid price-
Current offer price-
Current mid price16.95
Region
1Money Market32.3%
2Mexico14.8%
3Hungary13.3%
4Brazil11.3%
5Turkey9.2%
6South Africa8.9%
7Romania6.3%
8Argentina1.8%
9China1.1%
Industry sector
1Debt67.7%
2Money Market31.9%
3Foreign Exchange0.4%
Asset type
1Money Market100%
Individual holdings
1HUNGARY 4% BDS 25/04/18 HUF1000013.3%
2BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/17 BRL100011.3%
3TURKEY(REPUBLIC OF) 6.3% BDS 14/02/18 TRY1009.2%
4RSA 7.25 JAN 15 208.9%
5MEXICAN BONOS 5% 15/06/178.7%
6ROMANIA(REPUBLIC OF) 3.25% BDS 17/01/18 RON50006.3%
7MEXICAN BONOS 4.75 JUN 14 183.5%
8MEX BONOS DESARR FIX RT 5 DEC 11 192.5%
9ARGENTINA BONAR BONDS 24.0452 MAR 28 171.8%
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 both liquid and illiquid emerging market currencies accessed via currency forwards, currency swaps, non-deliverable forwards, money market instruments, bonds, cash deposits and exchange traded and over the counter derivatives.
Benchmark
  • JP Morgan ELMI
Investment style
Liquidity
Investment method
None
Fund managers
NameSinceBiography
Antoon de Klerk31/01/2011Antoon 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.
Werner Gey van Pittius31/01/2011Werner 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, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Investec Emerging Markets Short Duration A Gr Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price16.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMKP5
Investec Emerging Markets Short Duration F Gr Inc-2 USD
Initial charge5%
Annual charge0.95%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price13.11
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMKP7
Investec Emerging Markets Short Duration I Gr Acc USD
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price16.95
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMKP6
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