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 30/06/1997
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
30.5%
1 Year rank in sector
80/266
Sector
PN Global Emerging Markets
Yield
-
Fund size
£8m (£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.
131
Bid price
189.35
Offer price
189.35
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn52.2%
OMW IPL IFDSHdsnRwFTSERAFIEMPn47.7%
Aviva Thredndl Lat Amer Pn45.2%
Aviva Invesco Pep LA Pn40.8%
Aviva Inv Perp Lat Amer Pn40.6%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China23.9%
    India21.5%
    South Africa14%
    Brazil11.3%
    Taiwan8.6%
  • Financials30.8%
    Information Technology26.8%
    Consumer Discretionary14.2%
    Consumer Staples11.5%
    Industrials6.5%
  • Chinese Equities23.9%
    Indian Equities21.5%
    South African Equities14%
    Brazilian Equities11.3%
    Taiwanese Equities8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-8%0.2%25.1%30.5%22%34.3%
Sector-7.5%1.3%22.6%27.1%19.8%30.3%
Rank within sector181 / 274180 / 273123 / 27080 / 26680 / 22865 / 186
Quartile3rd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund33.3%-10.6%4.9%-6.6%13%
Sector29%-8.5%3%-3.4%13.2%
Rank within sector76 / 267140 / 25578 / 228147 / 20999 / 188
Quartile2nd3rd2nd3rd3rd
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.
-0.33
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.
1.08
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.
0.24
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%.
17.57
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.
4.68
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.
0.02
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 high207.66
52 week low130.03
Current bid price189.35
Current offer price189.35
Current mid price-
Region
1China23.9%
2India21.5%
3South Africa14%
4Brazil11.3%
5Taiwan8.6%
6Russia5.5%
7Indonesia3.3%
8Korea3%
9Thailand1.4%
Industry sector
1Financials30.8%
2Information Technology26.8%
3Consumer Discretionary14.2%
4Consumer Staples11.5%
5Industrials6.5%
6Energy3.5%
7Materials2.6%
8Health Care2.4%
9Money Market1.3%
Asset type
1Chinese Equities23.9%
2Indian Equities21.5%
3South African Equities14%
4Brazilian Equities11.3%
5Taiwanese Equities8.6%
6Russian Equities5.5%
7Indonesian Equities3.3%
8South Korean Equities3%
9American Emerging Equities1.7%
Individual holdings
1TENCENT HLDGS LIMITED6%
2TAIWAN SEMICONDUCTOR CO4.5%
3HOUSING DEVELOPMENT FINANCE CORP4.2%
4HOUSING DEVELOPMENT FINANCE CORP4.2%
5HDFC BANK LTD3.9%
6AIA GROUP LTD3.7%
7TATA CONSULTANCY SERVICES2.9%
8TATA CONSULTANCY SERVICES2.9%
9BID2.7%
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 Forey30/06/1997Austin 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 price192.33
Offer price192.33
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price189.35
Offer price189.35
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL747
Data provided by

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