Fact sheet: Lazard Emerging Markets Bd

Fund information
Fund name
Lazard Emerging Markets Bond Inst Hedged Acc EUR
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Denise Simonsince 01/11/2010
  • Arif Joshisince 01/11/2010
Fund objective
The investment objective of the Fund is to maximise total return from income and capital growth.
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.9%
1 Year rank in sector
109/217
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.
1.03%
Fund size
£21m
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.
84
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$33.5%
Rubrics Ind Fxd Inc UCITS31.7%
Pictet Lat Am Lcl Cur Dt30%
Schroder ISF EmgMktBd29.2%
Aviva Investors EmgMtsBd28.5%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Latin America43.5%
    Eastern Europe19.7%
    Middle East/ Africa19%
    Asia14.2%
    Money Market3.6%
  • Government Bonds96.4%
    Money Market3.6%
  • American Emerging Fixed Interest43.5%
    European Fixed Interest19.7%
    Middle East & African Fixed Interest19%
    Asia Pacific Fixed Interest14.2%
    Money Market3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.8%-6.4%-0.4%5.9%13.8%27.4%
Sector-3.7%-3.8%1.7%6.2%0.1%5.6%
Rank within sector160 / 225167 / 224145 / 222109 / 21746 / 17121 / 100
Quartile3rd3rd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund6.6%0.6%4.9%-5.2%19%
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector144 / 21933 / 20345 / 17348 / 12718 / 101
Quartile3rd1st2nd2nd1st
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.
4.32
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.
0.76
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.
0.13
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%.
6.1
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
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.
1.45
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.
0.85
Price movement
52 week high138.6
52 week low118.46
Current bid price-
Current offer price-
Current mid price129.11
Region
1Latin America43.5%
2Eastern Europe19.7%
3Middle East/ Africa19%
4Asia14.2%
5Money Market3.6%
Industry sector
1Government Bonds96.4%
2Money Market3.6%
Asset type
1American Emerging Fixed Interest43.5%
2European Fixed Interest19.7%
3Middle East & African Fixed Interest19%
4Asia Pacific Fixed Interest14.2%
5Money Market3.6%
Individual holdings
No data available.
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
The investment objective of the Fund is to maximise total return from income and capital growth.
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Denise Simon01/11/2010Denise Simon is lead portfolio manager responsible for global emerging markets debt. She has 25 years experience and was a partner and fund manager at The Atlantic Advisors, LLC, which was acquired by HSBC in 2005.
Arif Joshi01/11/2010Arif Joshi is a Portfolio Manager/Analyst on LAM’s Emerging Markets Debt team and has worked in the investment industry since 1998. Prior to joining LAM in 2010, Arif worked in senior portfolio management positions working with Denise for a number of other investment firms. Arif has an MBA in Finance from Columbia Business School and a BS in Economics from the Wharton School at the University of Pennsylvania.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Lazard Emerging Markets Bond Inst Acc USD
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price132.5484
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUT8
Lazard Emerging Markets Bond Inst Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.1052
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUT9
Data provided by

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