Fact sheet: JB BF EM Investment Grade

Fund information
Fund name
JB BF EM Investment Grade B USD
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Alessandro Ghidinisince 11/01/2013
  • Bogdan Manescusince 11/01/2013
  • Enzo Puntillosince 11/01/2013
Fund objective
The fund invests in an actively managed and globally diversified portfolio of debt securities that are issued or guaranteed by issuers with good credit ratings from so-called emerging markets. The fund is suitable for investors who wish to benefit from emerging markets' improved debtor quality and are interested in higher bond yields but can accept correspondingly higher volatility.
Benchmark
  • JPM EMBI Global Diversified Inv. Grade
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.4%
1 Year rank in sector
135/200
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.
1.21%
Fund size
£122m (£135m 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.
78
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$53.4%
Pictet Lat Am Lcl Cur Dt42.8%
SEI Emg Mkts Dt35.8%
Old Mutual Em Mt Dt35.6%
Schroder ISF EmgMktBd35.4%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • International34.3%
    Mexico18.1%
    Colombia11.7%
    Philippines7.6%
    Uruguay6.9%
  • BBB52.6%
    A31.2%
    Non-Rated6.9%
    BB4.3%
    Money Market3.8%
  • Global Fixed Interest34.3%
    American Emerging Fixed Interest18.6%
    Mexican Fixed Interest18.1%
    Philippine Fixed Interest7.6%
    Peruvian Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%3.9%6.7%10.4%15.4%-
Sector-0.4%4.7%7.6%11.2%2.4%13.2%
Rank within sector174 / 213121 / 210134 / 207135 / 20051 / 160-
Quartile4th3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12%-3.8%7.1%--
Sector12.8%-7.3%-0.6%-7%14.7%
Rank within sector130 / 20598 / 19419 / 170--
Quartile3rd3rd1st
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.
4.93
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.
0.69
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.
0.52
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%.
5.72
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.
3.45
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.
1.24
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.
0.81
Price movement
52 week high110.16
52 week low95.14
Current bid price-
Current offer price-
Current mid price108.6
Region
1International34.3%
2Mexico18.1%
3Colombia11.7%
4Philippines7.6%
5Uruguay6.9%
6Peru6.8%
7Poland5.7%
8Romania5.1%
9Money Market3.8%
Industry sector
1BBB52.6%
2A31.2%
3Non-Rated6.9%
4BB4.3%
5Money Market3.8%
6AA1.2%
Asset type
1Global Fixed Interest34.3%
2American Emerging Fixed Interest18.6%
3Mexican Fixed Interest18.1%
4Philippine Fixed Interest7.6%
5Peruvian Fixed Interest6.8%
6Polish Fixed Interest5.7%
7European Emerging Fixed Interest5.1%
8Money Market3.8%
Individual holdings
1MEXICO(UNITED MEXICAN STATES) 6.05% BDS 11/01/40 USD20006.48%
2PERU(REPUBLIC OF) 7.35% BDS 21/07/25 USD10000004.53%
3REPUBLIC OF PHILIPPINES 9,500%4.45%
4REPUBLIC OF POLAND 3,250%4.18%
5REPUBLICA ORIENTAL DEL URUGUAY 7.6254.16%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund invests in an actively managed and globally diversified portfolio of debt securities that are issued or guaranteed by issuers with good credit ratings from so-called emerging markets. The fund is suitable for investors who wish to benefit from emerging markets' improved debtor quality and are interested in higher bond yields but can accept correspondingly higher volatility.
Benchmark
  • JPM EMBI Global Diversified Inv. Grade
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alessandro Ghidini11/01/2013Mr. Alessandro Ghidini serves as Portfolio Manager at GAM Investment Management (Switzerland) AG and Julius Baer Multibond - Emerging Markets Inflation linked Bond Fund.
Bogdan Manescu11/01/2013Currently based in Zürich, Bogdan Manescu is a portfolio manager at GAM Group. He joined the company in 2009 and specialises in fixed income. Since 2010 he has managed the Julius Baer BF Total Return fund, and also runs institutional mandates and uses a macro, fundamental investment style. Born in Bucharest in Romania, Manescu has a Master’s degree in econometrics from the University of Technology in Darmstadt, Germany and a PhD from the University of St. Gallen. Bogdan is a member of the CFA Institute and enjoys tennis and skiing outside of work.
Enzo Puntillo11/01/2013Born in Basle, Switzerland, Enzo Puntillo gained his master's degree in Business Administration and Economics at his hometown university. Enzo also holds the CEFA qualification. His career started in 1993 at Paribas and in 1999 he joined UBS Brinson Asset Management where he started his portfolio management career. He currently runs global fixed income funds for Swiss & Global and is an investor in his own strategies. Enzo incorporates a top down view in his investment strategy. Besides his career his interests are skiing, theatre and music.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Germany, Spain, Estonia, France, United Kingdom, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Offshore, Singapore, Sweden
JB BF EM Investment Grade A CHF
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price94.51
CurrencyCHF
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF54X
JB BF EM Investment Grade A EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price96.54
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF55A
JB BF EM Investment Grade A USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price98.38
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF55G
JB BF EM Investment Grade B CHF
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price104.53
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF54Y
JB BF EM Investment Grade B EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price106.76
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF55B
JB BF EM Investment Grade B USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price108.6
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF55H
JB BF EM Investment Grade C CHF
Initial charge3%
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price105.83
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF54Z
JB BF EM Investment Grade C EUR
Initial charge3%
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price108.12
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF55C
JB BF EM Investment Grade C USD
Initial charge3%
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price110
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF55I
JB BF EM Investment Grade CA EUR
Initial charge3%
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price98.11
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF55D
JB BF EM Investment Grade E EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price104.78
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF55E
JB BF EM Investment Grade E USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price106.54
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF55J
JB BF EM Investment Grade EM EUR
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price92.16
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF55F
Data provided by

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