Fact sheet: Legg Mason IFMCEM

Fund information
Fund name
Legg Mason IF Martin Currie Emerging Markets X
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund managers
  • Alastair Reynoldssince 30/09/2011
  • Kim Catechissince 24/10/2010
  • Divya Mathursince 30/09/2010
Fund objective
The objective of this Fund is to achieve long-term capital growth through investment in emerging markets.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
28.1%
1 Year rank in sector
28/59
Sector
UT Global Emerging Markets
Yield
0.4%
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.
1.42%
Fund size
£15m (£14m 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.
135
Mid price
258.6
Top in this sector
Fund name1 Year
Scot Wid Fdmtl Index Emg Mkt Eq50.3%
FP Hndrsn Rwe FTSERAFIEmgMkts48.7%
NFU Mutual Global Emerging Mkts35.8%
Lazard Emerging Markets35.4%
Lazard Developing Markets33.1%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China20%
    Korea14.6%
    Taiwan11.4%
    India10.7%
    South Africa8.5%
  • Information Technology29.6%
    Financials23.4%
    Consumer Discretionary14.3%
    Materials7.5%
    Energy5.8%
  • Chinese Equities20%
    South Korean Equities14.6%
    Taiwanese Equities11.4%
    Indian Equities10.7%
    South African Equities8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-8.4%0.7%24.3%28.1%12.1%17.5%
Sector-7.9%1.2%22.4%26.9%16.9%27.6%
Rank within sector39 / 6142 / 6127 / 6128 / 5945 / 5039 / 42
Quartile3rd3rd2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund31.3%-10.3%-2.8%-7.3%14.7%
Sector29.3%-10.6%3%-2.6%12.6%
Rank within sector25 / 5926 / 5548 / 5039 / 4713 / 42
Quartile2nd2nd4th4th2nd
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.
-1.49
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.
0.13
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%.
16.82
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.
3.61
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.
-0.3
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.
0.96
Price movement
52 week high285.5
52 week low176.3
Current bid price-
Current offer price-
Current mid price258.6
Region
1China19.99%
2Korea14.6%
3Taiwan11.44%
4India10.74%
5South Africa8.46%
6Brazil6.79%
7Mexico4.51%
8Money Market4.05%
9Peru3.62%
Industry sector
1Information Technology29.6%
2Financials23.42%
3Consumer Discretionary14.33%
4Materials7.5%
5Energy5.77%
6Consumer Staples5.3%
7Telecommunications Utilities3.6%
8Health Care2.51%
9Utilities2.5%
Asset type
1Chinese Equities19.99%
2South Korean Equities14.6%
3Taiwanese Equities11.44%
4Indian Equities10.74%
5South African Equities8.46%
6Brazilian Equities6.79%
7Mexican Equities4.51%
8Money Market4.05%
9Peruvian Equity3.62%
Individual holdings
1SAMSUNG ELECTRONICS CO6.95%
2TAIWAN SEMICONDUCTOR MANUFACTURING6.49%
3TENCENT HLDGS LTD5.47%
4ALIBABA GROUP HLDG LTD4.61%
5INDUSTRIAL & COM BK CHNA4.48%
6NASPERS4.36%
7MARUTI SUZUKI INDIA LTD2.9%
8MARUTI SUZUKI INDIA LTD2.9%
9CREDICORP2.43%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
The objective of this Fund is to achieve long-term capital growth through investment in emerging markets.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alastair Reynolds30/09/2011Alastair joined Martin Currie in 2010 and co-manages our global emerging-markets (GEMs) strategy, with specific responsibility for researching stocks in the industrials sector. He joined us from SWIP, where he was research manager on its GEMs desk. He was lead manager of the GEMs smaller-companies and specialist Central and Eastern European mandates. Before joining SWIP in 2000, Alastair was an investment manager with Edinburgh Fund Managers. He began his career with Scottish Amicable Investment Management, where he spent seven years as an analyst and fund manager.
Kim Catechis24/10/2010Kim is head of global emerging markets at Martin Currie. He is a co-manager of portfolios and is responsible for energy-sector research. Kim joined Martin Currie in October 2010 from SWIP, where he had been head of global emerging markets since 1998, establishing and recruiting that company’s global emerging markets team. At SWIP, Kim was responsible for £2.2 billion in funds under management and was lead portfolio manager on the firm’s global emerging markets equity fund. He also specialised in energy-sector research. Before joining SWIP, Kim established and managed two asset-management ventures in Spain: Eagle Star Inversiones and, earlier, FG Gestión. He began his investment career as a portfolio manager for Edinburgh Fund Managers in 1987. Kim is fluent in Spanish, Portuguese, French and Greek, and intermediate in Russian, Italian and German
Divya Mathur30/09/2010Divya is a co-manager of our global emerging markets strategy, with responsibility for technology and utilities-sector research. He joined Martin Currie in 2010 from SWIP, where he was investment director on the global emerging markets desk. As portfolio manager, Divya was lead manager of the Global Emerging Markets Infrastructure fund and co-manager of the balanced mandates. As sector analyst, he was responsible for stocks across the technology and utilities sectors in emerging markets. Earlier, Divya spent over a decade at Henderson Global Investors in London, where he began his career as a quantitative strategist, before managing global emerging market and dedicated Indian equity portfolios for eight years. Divya speaks Hindi.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Martin Currie Emerging Markets A
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price234.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND10
Legg Mason IF Martin Currie Emerging Markets R
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated16/09/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFVB
Legg Mason IF Martin Currie Emerging Markets X
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price258.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeML94
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