Fact sheet: L&G JPM Emerging Markets Pn

Fund information
Fund name
L&G JPM Emerging Markets Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Leon Eidelmansince 15/02/2013
  • Austin Foreysince 01/07/1997
Underlying fund
JPM Emerging Markets
Fund objective
To provide long term capital growth by investing primarily in equity and equity-linked securities of emerging markets companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
31.6%
1 Year rank in sector
63/260
Sector
PN Global Emerging Markets
Yield
-
Fund size
£4m (£6m 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.
126
Bid price
209.77
Offer price
209.77
Top in this sector
Fund name1 Year
LV= Jupiter India Pn48%
AXA Wealth Jupiter India Pn47.3%
FL Jupiter India EP47.2%
Zurich Jupiter India Pn47%
RLP Jupiter India Pn46.3%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China25.9%
    India20.8%
    South Africa13%
    Brazil10.5%
    Taiwan8.7%
  • Financials30.3%
    Information Technology28.9%
    Consumer Discretionary14.7%
    Consumer Staples11.2%
    Industrials6.1%
  • Chinese Equities25.9%
    Indian Equities20.8%
    South African Equities13%
    Brazilian Equities10.5%
    Taiwanese Equities8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%6.3%1.4%31.6%38.6%34.7%
Sector-3.5%3.9%0.8%27.7%36.2%33.9%
Rank within sector88 / 26840 / 26894 / 26563 / 26083 / 22087 / 187
Quartile2nd1st2nd1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund8.9%35.6%-10.6%4.9%-6.6%
Sector7%31.9%-8.5%3%-3.4%
Rank within sector70 / 26882 / 257135 / 24576 / 218140 / 200
Quartile2nd2nd3rd2nd3rd
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.
0.29
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.
1.07
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.
0.55
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%.
17.28
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.
4.34
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.
0.2
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.
0.94
Price movement
52 week high217.52
52 week low145.94
Current bid price209.77
Current offer price209.77
Current mid price-
Region
1China25.9%
2India20.8%
3South Africa13%
4Brazil10.5%
5Taiwan8.7%
6Korea4.8%
7Russia4.4%
8Indonesia3.1%
9Mexico1.6%
Industry sector
1Financials30.3%
2Information Technology28.9%
3Consumer Discretionary14.7%
4Consumer Staples11.2%
5Industrials6.1%
6Health Care3.1%
7Energy2.9%
8Materials2.3%
9Utilities0.4%
Asset type
1Chinese Equities25.9%
2Indian Equities20.8%
3South African Equities13%
4Brazilian Equities10.5%
5Taiwanese Equities8.7%
6South Korean Equities4.8%
7Russian Equities4.4%
8Indonesian Equities3.1%
9American Emerging Equities2.1%
Individual holdings
1TENCENT HLDGS LIMITED6%
2TAIWAN SEMICONDUCTOR CO4.5%
3HDFC BANK LTD4%
4HOUSING DEVELOPMENT FINANCE CORP4%
5HOUSING DEVELOPMENT FINANCE CORP4%
6ALIBABA GROUP HLDG LTD3.9%
7AIA GROUP LTD3.6%
8BID3%
9SAMSUNG ELECTRONICS CO3%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To provide long term capital growth by investing primarily in equity and equity-linked securities of emerging markets companies. Other instruments as permitted in the stated investment and borrowing powers of the Company including, but not limited to, fixed interest securities, cash and cash equivalents may be held on an ancillary basis, as appropriate.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Leon Eidelman15/02/2013Leon Eidelman, managing director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in New York. An employee since 2002, Leon is a member of the group of Global Emerging Market portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies. He is lead manager of the GEM Discovery strategy and is a portfolio manager on the GEM Focused Strategy. Leon holds a B.A. in economics with a concentration in finance from Cornell University and is a CFA charter holder.
Austin Forey01/07/1997Austin Forey, managing director, is a portfolio manager responsible for Global Emerging Markets portfolios based in London. An employee since 1988, Austin has fulfilled his role as Global Emerging Markets portfolio manager since 1994. Prior to this he worked in the UK market, where he was deputy head of UK research. Before this, Austin worked as research analyst covering engineering, and subsequently all financial sectors, including property; other responsibilities included co-management of a mid-cap investment trust, and two specialist unit trusts. Austin obtained a B.A. in modern languages from Cambridge University, and earned a Ph.D. in modern languages from Cambridge University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G JPM Emerging Markets Pn 3
Initial charge-
Annual charge0.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price213.29
Offer price213.29
Mid price-
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCX8
L&G JPM Emerging Markets Pn G25
Initial charge-
Annual charge1.32%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.32%
Bid price209.77
Offer price209.77
Mid price-
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL747
Data provided by

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