Fact sheet: Investec Latin American Eq

Fund information
Fund name
Investec Latin American Equity I Gr Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Rafael Mendozasince 01/01/2016
Fund objective
The Fund will aim to achieve long-term capital growth primarily through investment in equities or equity-related securities of companies incorporated in Latin America, companies incorporated outside of Latin America but which carry out a significant proportion (more than 50%) of their operations in Latin America and/or companies incorporated outside of Latin America which are controlled by entities established in Latin America.
Benchmark
  • MSCI Emerging Latin America
Investment style
None
Investment method
Shares
Quick stats
1 Year return
28.1%
1 Year rank in sector
8/43
Sector
FO Equity - Latin America
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.
1.93%
Fund size
£12m (£7m 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.
182
Top in this sector
Fund name1 Year
BNY Mellon Brazil Equity83%
UBS (L)EqSIC-Brazil$47.9%
Parvest Equity Brazil44.4%
HSBC GIF Brazil Equity42.8%
Templeton Latin Amer42.5%
...more in FO Equity - Latin America

Performance snapshot

Holdings snapshot

  • Brazil56.6%
    Mexico24%
    Chile8%
    Peru4.3%
    Money Market3.1%
  • Financials23.8%
    Materials20.1%
    Utilities10.6%
    Consumer Staples10.5%
    Energy10.4%
  • Brazilian Equities56.6%
    Mexican Equities24%
    Chilean Equities8%
    Peruvian Equity4.3%
    Money Market3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-9.1%-1.4%19%28.1%-21.1%-19%
Sector-11%-4.9%10.7%17.4%-27.6%-33.3%
Rank within sector9 / 438 / 438 / 438 / 4310 / 408 / 36
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund34.9%-29.5%-15%-14.2%21%
Sector24%-31.7%-12.5%-14%7.7%
Rank within sector8 / 4318 / 4229 / 4019 / 383 / 35
Quartile1st2nd3rd2nd1st
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.
2.58
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.
0.97
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.
-0.02
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%.
23.86
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.
6.5
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.
0.42
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.
0.93
Price movement
52 week high14.5
52 week low8.63
Current bid price-
Current offer price-
Current mid price12.44
Region
1Brazil56.6%
2Mexico24%
3Chile8%
4Peru4.3%
5Money Market3.1%
6Argentina2.5%
7USA1.5%
Industry sector
1Financials23.8%
2Materials20.1%
3Utilities10.6%
4Consumer Staples10.5%
5Energy10.4%
6Consumer Discretionary6.2%
7Industrials5.4%
8Real Estate5.2%
9Information Technology4.7%
Asset type
1Brazilian Equities56.6%
2Mexican Equities24%
3Chilean Equities8%
4Peruvian Equity4.3%
5Money Market3.1%
6American Emerging Equities2.5%
7US Equities1.5%
Individual holdings
1PETROLEO BRASILEIRO SA PETROBRAS7.6%
2GRUPO FINANCIERO BANORTE SAB DE CV6.3%
3INFRAESTRUCTURA ENERGETICA NOVA SAB4.6%
4GERDAU SA4%
5KROTON EDUCACIONAL SA3.7%
6ITAUSA INVESTIMENTOS ITAU SA3.3%
7PARQUE ARAUCO SA3.3%
8BRADESPAR SA3.2%
9CIELO SA3.2%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund will aim to achieve long-term capital growth primarily through investment in equities or equity-related securities of companies incorporated in Latin America, companies incorporated outside of Latin America but which carry out a significant proportion (more than 50%) of their operations in Latin America and/or companies incorporated outside of Latin America which are controlled by entities established in Latin America.
Benchmark
  • MSCI Emerging Latin America
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Rafael Mendoza01/01/2016Rafael is the portfolio manager of the Investec Latin American Equity Fund at Compass Group. Prior to joining the firm in 2016, Rafael spent five years at Pinebridge as research analyst, lead portfolio manager of the Latin American Large Cap and co-portfolio manager of the Latin American Small Cap strategies. Rafael started his career at Moneda Asset Management on 2002, between 2004 and 2009 he was Director of Equity Research and portfolio manager of Chile Small Cap at Bice Inversiones. Rafael holds Bachelor of Science and Master of Science degrees in Finance and Economics from Pontificia Universidad Catolica de Chile.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Sweden
Investec Latin American Equity A Gr Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.57%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price13.96
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIW9
Investec Latin American Equity C Gr Acc USD
Initial charge3%
Annual charge2.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)3.53%
Total expense ratio (TER)3.12%
Bid price-
Offer price-
Mid price11.22
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIX0
Investec Latin American Equity F Gr Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)3.02%
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price13.58
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIX1
Investec Latin American Equity I Gr Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price12.44
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIIX2
Investec Latin American Equity IX Gr Inc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price13.77
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI0QT
Data provided by

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