Fact sheet: Jul Baer MltBd EM Opp Bd

Fund information
Fund name
Jul Baer Multibond Emerging Markets Opportunities Bond RA GBP
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Bogdan Manescusince 28/02/2014
  • Enzo Puntillosince 28/02/2014
  • Alessandro Ghidinisince 28/02/2014
Fund objective
The fund invests in an actively managed and broadly diversified portfolio of emerging market bonds. Investments are mainly in debt instruments of sovereign, quasi-sovereign and corporate issuers, which may be denominated in local or hard currency of the issuer. The individual segments and investment types are selected and weighted by exploiting opportunities as they arise, which means that the investment focus can vary depending on the market assessment at the time. The fund is suitable for long-term oriented investors aiming to benefit from an exposure across emerging market bonds and currencies.
Benchmark
  • JPM EMBI Global Diversified All Maturities
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
13%
1 Year rank in sector
-
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%
Fund size
£175m (£122m 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.
55
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$53.4%
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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

  • Mexico13.2%
    Brazil10.9%
    USA9.3%
    South Africa7.8%
    Russia5.1%
  • No data available.
  • American Emerging Fixed Interest17.7%
    Mexican Fixed Interest13.2%
    Brazilian Fixed Interest10.9%
    US Fixed Interest9.3%
    European Emerging Fixed Interest8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%4.5%7.8%13%--
Sector-0.4%4.7%7.6%11.2%2.4%13.2%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund15.9%-7.4%---
Sector12.8%-7.3%-0.6%-7%14.7%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high98.11
52 week low80.2
Current bid price-
Current offer price-
Current mid price96.54
Region
1Mexico13.23%
2Brazil10.89%
3USA9.25%
4South Africa7.8%
5Russia5.13%
6Colombia4.56%
7Turkey4.13%
8Argentina3.72%
9Indonesia3.55%
Industry sector
No data available.
Asset type
1American Emerging Fixed Interest17.69%
2Mexican Fixed Interest13.23%
3Brazilian Fixed Interest10.89%
4US Fixed Interest9.25%
5European Emerging Fixed Interest8.16%
6South African Fixed Interest7.8%
7Russian Fixed Interest5.13%
8Middle East & African Fixed Interest5.03%
9Indonesian Fixed Interest3.55%
Individual holdings
1US TREASURY BILLS 0%8.53%
2REPUBLIC OF BRAZIL 5,000%4.81%
3REPUBLIC OF BRAZIL 10.000%4.19%
4REPUBLIC OF MEXICO 5,750%4.06%
5SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)3.15%
6ARGENTINA(REPUBLIC OF) 7.5% BDS 22/04/26 USD1500002.76%
7RUSSIAN FEDERATION MINISTRY FINANCE 5.875% BDS 16/09/43 USD200000 144A2.62%
8SOUTH AFRICA(REPUBLIC OF) 6.75% SER``R208`BDS 31/03/21 ZAR12.62%
9REPUBLIC OF COLUMBIA 7,3752.4%
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 broadly diversified portfolio of emerging market bonds. Investments are mainly in debt instruments of sovereign, quasi-sovereign and corporate issuers, which may be denominated in local or hard currency of the issuer. The individual segments and investment types are selected and weighted by exploiting opportunities as they arise, which means that the investment focus can vary depending on the market assessment at the time. The fund is suitable for long-term oriented investors aiming to benefit from an exposure across emerging market bonds and currencies.
Benchmark
  • JPM EMBI Global Diversified All Maturities
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Bogdan Manescu28/02/2014Currently 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 Puntillo28/02/2014Born 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.
Alessandro Ghidini28/02/2014Mr. Alessandro Ghidini serves as Portfolio Manager at GAM Investment Management (Switzerland) AG and Julius Baer Multibond - Emerging Markets Inflation linked Bond Fund.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Singapore, Sweden
Jul Baer Multibond Emerging Markets Opportunities Bond A CHF
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price95.36
CurrencyCHF
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHRX
Jul Baer Multibond Emerging Markets Opportunities Bond A EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price97.05
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHRF
Jul Baer Multibond Emerging Markets Opportunities Bond A USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price98.81
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHRG
Jul Baer Multibond Emerging Markets Opportunities Bond B CHF
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price102.14
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHRY
Jul Baer Multibond Emerging Markets Opportunities Bond B EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price104.09
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHRH
Jul Baer Multibond Emerging Markets Opportunities Bond B USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price105.91
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHRI
Jul Baer Multibond Emerging Markets Opportunities Bond C CHF
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price103.59
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHRZ
Jul Baer Multibond Emerging Markets Opportunities Bond C EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price105.59
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHRJ
Jul Baer Multibond Emerging Markets Opportunities Bond C GBP
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price102.19
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN6D
Jul Baer Multibond Emerging Markets Opportunities Bond C USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price107.42
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHRK
Jul Baer Multibond Emerging Markets Opportunities Bond CA EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price98.57
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFHRL
Jul Baer Multibond Emerging Markets Opportunities Bond CA USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price101.41
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQ7Z
Jul Baer Multibond Emerging Markets Opportunities Bond E EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price102.77
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHRM
Jul Baer Multibond Emerging Markets Opportunities Bond E USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price104.58
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHRN
Jul Baer Multibond Emerging Markets Opportunities Bond EM EUR
Initial charge3%
Annual charge1.1%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price88.9
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHRO
Jul Baer Multibond Emerging Markets Opportunities Bond RA GBP
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price96.54
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFN6E
Data provided by

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