Fact sheet: JI Emerging Local Market Bonds CL

Fund information
Fund name
JI Emerging Local Market Bonds CL
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund manager
  • Thellesen J.C.since 01/11/2007
Fund objective
The fund's assets are chiefly invested directly and indirectly in bonds and money-market instruments denominated in local currencies by countries that are in a period of transition from developing countries to industrial nations, mainly in the regions Latin America, Asia, Eastern Europe, the Middle East and Africa (emerging markets).
Benchmark
  • JP Morgan GBI EM Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
17%
1 Year rank in sector
50/219
Sector
FO Fixed Int - Emerging Markets
Yield
-
Fund size
£28m (£30m 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.
109
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$66%
Pictet Lat Am Lcl Cur Dt46.2%
Ashmore EMHghYldCrDb41.6%
Gramercy Allct Emg Mket Debt36.5%
EDRF Emerging Bonds34.5%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Latin America32%
    Europe30%
    Far East19.3%
    International17.8%
    North America0.8%
  • Financials100%
  • American Emerging Fixed Interest32%
    European Fixed Interest30%
    Asia Pacific Fixed Interest19.3%
    Global Fixed Interest17.8%
    North American Fixed Interest0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.8%7.9%4.7%17%18.3%12.1%
Sector2.3%4.9%0.7%13.6%5.5%5.1%
Rank within sector4 / 23324 / 23130 / 22750 / 21944 / 17556 / 99
Quartile1st1st1st1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund6.1%10.5%-4.7%3.9%-12.5%
Sector3.3%10.2%-7.3%-0.6%-7%
Rank within sector6 / 23382 / 219112 / 20160 / 172117 / 125
Quartile1st2nd3rd2nd4th
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.
2.7
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.
1.25
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.
0.09
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%.
11.58
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.
7.18
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.
0.39
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.
0.64
Price movement
52 week high173.74
52 week low148.87
Current bid price-
Current offer price-
Current mid price174.97
Region
1Latin America32.02%
2Europe30.02%
3Far East19.3%
4International17.82%
5North America0.84%
Industry sector
1Financials100%
Asset type
1American Emerging Fixed Interest32.02%
2European Fixed Interest30.02%
3Asia Pacific Fixed Interest19.3%
4Global Fixed Interest17.82%
5North American Fixed Interest0.84%
Individual holdings
1POLAND(STATE TREASURY OF) 3.25% BDS 25/07/19 PLN10008.2%
2HUNGARY BDS 27/10/21 HUF100003.77%
3TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10003.68%
4FEDERAL LOAN BONDS 6 YEAR 6.7% BDS 15/05/19 RUB10003.44%
5BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10003.34%
6RUSSIAN FEDERATION MINISTRY FINANCE 7% BDS 25/01/23 RUB10003.02%
7MINISTRY OF FINANCE (THAILAND) 1.2% BDS 14/07/21 THB1000002.93%
8INDONESIA(REPUBLIC OF) 7.875% BDS 15/04/19 IDR10000002.84%
9INDONESIA(REPUBLIC OF) 8.375% BDS 15/03/34 IDR10002.74%
Management
Fund manager group
Jyske Invest International
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund objective
The fund's assets are chiefly invested directly and indirectly in bonds and money-market instruments denominated in local currencies by countries that are in a period of transition from developing countries to industrial nations, mainly in the regions Latin America, Asia, Eastern Europe, the Middle East and Africa (emerging markets).
Benchmark
  • JP Morgan GBI EM Diversified
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Thellesen J.C.01/11/2007Jens Christian Thellesen holds a Master in Economics from the University of Aarhus and is a chartered financial analyst (CFA). Jens started working as a macro economist at Jyske Bank in 2004 with Japan and EM Asia as primary responsibilities. In 2007 he joined Jyske Invest’s Strategy Team as PM of mixed funds and he has been a member of the Emerging Markets Bond Team at Jyske Invest since November 2007.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, United Kingdom, Gibraltar, Luxembourg, Netherlands, Norway, Offshore, Sweden
JI Emerging Local Market Bonds CL
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price174.97
CurrencyEUR
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMCG7
Data provided by

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