Fact sheet: Lazard Emg Mkts Loc Dt

Fund information
Fund name
Lazard Emerging Markets Local Debt I Acc CHF
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Denise Simonsince 01/10/2010
  • Arif Joshisince 01/10/2010
Fund objective
To maximise total return from income and capital growth.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
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.
0.63%
Fund size
£284m (£207m last year)
Top in this sector
Fund name1 Year
Pictet Lat Am Lcl Cur Dt30.6%
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Ashburton India FxIn Opps24.8%
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Pioneer SICV-Emg Mkt Bd24.5%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil12%
    South Africa9.9%
    Mexico9.7%
    Indonesia8.7%
    Turkey8.3%
  • Others43.9%
    A-15.5%
    BB8.5%
    A8.3%
    BBB-7.9%
  • Brazilian Fixed Interest12%
    American Emerging Fixed Interest10.6%
    South African Fixed Interest9.9%
    Mexican Fixed Interest9.7%
    European Emerging Fixed Interest9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%6%----
Sector0.9%4%1.7%8.5%4.2%7.2%
Rank within sector132 / 23332 / 233----
Quartile3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund6.3%----
Sector5.2%10.2%-7.3%-0.6%-7%
Rank within sector60 / 233----
Quartile2nd
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 high106.01
52 week low95.49
Current bid price-
Current offer price-
Current mid price105.79
Region
1Brazil12%
2South Africa9.92%
3Mexico9.75%
4Indonesia8.75%
5Turkey8.27%
6Russia8%
7Poland7.64%
8Colombia7.21%
9Malaysia7.15%
Industry sector
1Others43.93%
2A-15.46%
3BB8.45%
4A8.32%
5BBB-7.86%
6BBB+7.78%
7BBB4.24%
8Money Market2.26%
9B-0.99%
Asset type
1Brazilian Fixed Interest11.97%
2American Emerging Fixed Interest10.57%
3South African Fixed Interest9.92%
4Mexican Fixed Interest9.71%
5European Emerging Fixed Interest9.48%
6Indonesian Fixed Interest8.72%
7Russian Fixed Interest8%
8Polish Fixed Interest7.64%
9Malaysian Fixed Interest7.15%
Individual holdings
1SOUTH AFRICA(REPUBLIC OF) 8.25% BDS 31/03/32 ZAR13.54%
2REPUBLIC OF SOUTH AFRICA BONDS 12/26 10.53.35%
3TURKEY(REPUBLIC OF) 8% NTS 12/03/25 TRY10003.16%
4MINISTRY OF FINANCE (THAILAND) 3.65% BDS 17/12/21 THB10002.81%
5TURKEY(REPUBLIC OF) 6.3% BDS 14/02/18 TRY1002.66%
6MEXICO(UNITED MEXICAN STATES) 5% BDS 11/12/19 MXN1002.65%
7RUSSIAN FEDERATION MINISTRY FINANCE 6.4% BDS 27/05/20 RUB10002.53%
8POLAND(STATE TREASURY OF) 5.25% BDS 25/10/20 PLN10002.52%
9POLAND(STATE TREASURY OF) 3.25% BDS 25/07/25 PLN10002.44%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To maximise total return from income and capital growth.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Denise Simon01/10/2010Denise Simon is a Portfolio Manager/Analyst on Lazard's Emerging Markets Debt team. She began working in the investment field in 1986. Prior to joining Lazard in 2010, Denise was with HSBC Global Asset Management (formerly Halbis) where she was a Managing Director and Portfolio Manager for three global emerging markets strategies. Prior to HSBC, she was a Partner and senior portfolio manager at The Atlantic Advisors (acquired by HSBC in 2005). Prior to this, Denise was a senior portfolio manager at Dresdner Kleinwort Wasserstein (formerly Wasserstein Perella) managing global funds. From 1995-1998, she was a senior trader of emerging European debt and equity at Bayerische Vereinsbank in Germany. From 1992-1995 Denise was an Executive Director of EM Trading at Lehman Brothers. She also held senior trading positions in Global Markets at both Kleinwort Benson and UBS. Denise has a BA in International Economics from George Washington University. She currently serves on the Board of the US-Mexico Chamber of Commerce and the Board of the Richard B. Fisher Center for the Performing Arts at Bard College. As well, she chairs the Board of the Mexican Cultural Institute and the Board of the Bard Music Festival.
Arif Joshi01/10/2010Arif Joshi is a Portfolio Manager/Analyst on Lazard's Emerging Markets Debt team. He began working in the investment field in 1998. Prior to joining Lazard in 2010, Arif was with HSBC Global Asset Management (formerly Halbis) where he served as Senior Vice President and Portfolio Manager. At HSBC, Arif was responsible for global emerging markets, focusing on corporate and sovereign credit analysis, risk management and quantitative modeling. He began this role at The Atlantic Advisors LLC (acquired by HSBC in 2005). Prior to HSBC, he was an associate at Strategic Management Group where he advised Fortune 500 companies on finance and corporate strategy. 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, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Netherlands, Offshore, Singapore
Lazard Emerging Markets Local Debt A Acc USD
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price93.902
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUU0
Lazard Emerging Markets Local Debt A Dis USD
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price75.5115
CurrencyUSD
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5JN
Lazard Emerging Markets Local Debt A Hedged Acc CHF
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNQHU
Lazard Emerging Markets Local Debt A Hedged Acc GBP
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNQHT
Lazard Emerging Markets Local Debt A Hedged Acc JPY
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNQHP
Lazard Emerging Markets Local Debt A Hedged Dis CHF
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHS
Lazard Emerging Markets Local Debt A Hedged Dis EUR
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHR
Lazard Emerging Markets Local Debt A Hedged Dis GBP
Initial charge3%
Annual charge0.75%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price78.2535
CurrencyGBP
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0DYG
Lazard Emerging Markets Local Debt A Hedged Dis JPY
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQHQ
Lazard Emerging Markets Local Debt B Acc USD
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQI0
Lazard Emerging Markets Local Debt B Dis USD
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQI1
Lazard Emerging Markets Local Debt B Hedged Acc EUR
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQHV
Lazard Emerging Markets Local Debt B Hedged Acc GBP
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQHX
Lazard Emerging Markets Local Debt B Hedged Dis EUR
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQHW
Lazard Emerging Markets Local Debt B Hedged Dis GBP
Initial charge7%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQHY
Lazard Emerging Markets Local Debt I Acc CHF
Initial charge3%
Annual charge0.35%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price105.7895
CurrencyCHF
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNK6Q
Lazard Emerging Markets Local Debt M Acc USD
Initial charge3%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNQHZ
Data provided by

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