Fact sheet: Macquarie EmrgMktConvbl

Fund information
Fund name
Macquarie Emerging Market Convertible B EUR
Fund manager company
Macquarie Bank Intl Ltd
Fund type
Offshore Fund
Fund manager
  • Stefan Lowenthalsince 01/02/2008
Fund objective
The Macquarie Emerging Market Convertible Fund is a convertible bond fund which aims to achieve capital appreciation and steady returns.
Benchmark
  • Merrill Lynch Global Convertible
Investment style
Capital Protection Targeted
Investment method
Convertibles
Quick stats
1 Year return
2.3%
1 Year rank in sector
67/72
Sector
FO Convertible
Yield
-
Fund size
£29m (£41m 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.
73
Top in this sector
Fund name1 Year
Man Convertibles Am16.1%
Swisscanto (LU) Bond COCO13.6%
CQS Global Convertible UCITS12.4%
UBS (L)BCnvrtEur€11.7%
Westwood Stgc Gbl Cnv10.9%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Others42.1%
    Cayman Islands16.4%
    Taiwan14.6%
    British Virgin Islands11%
    Luxembourg8.2%
  • Financials40.6%
    Industrials15.7%
    Technology13.6%
    Others12%
    Utilities9.2%
  • Global Fixed Interest42.1%
    American Emerging Fixed Interest27.4%
    Taiwanese Fixed Interest14.6%
    Luxembourg Fixed Interest8.2%
    Singapore Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1.6%1%2.3%4.8%23.1%
Sector1.1%2.1%3.3%5.5%7.1%27.5%
Rank within sector65 / 7250 / 7266 / 7267 / 7243 / 6036 / 51
Quartile4th3rd4th4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.8%-0.1%1.8%2.8%8.5%
Sector2.9%0.7%2.9%2.3%11.7%
Rank within sector32 / 7244 / 7152 / 6730 / 6041 / 53
Quartile2nd3rd4th2nd4th
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.
1.11
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.
0.63
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
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%.
4.63
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.
3.7
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.
0.09
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.
0.57
Price movement
52 week high10.54
52 week low10.05
Current bid price-
Current offer price-
Current mid price10.46
Region
1Others42.09%
2Cayman Islands16.41%
3Taiwan14.6%
4British Virgin Islands11.02%
5Luxembourg8.17%
6Singapore7.71%
Industry sector
1Financials40.61%
2Industrials15.7%
3Technology13.57%
4Others11.96%
5Utilities9.16%
6Non-Cyclical Consumer Goods9%
Asset type
1Global Fixed Interest42.09%
2American Emerging Fixed Interest27.43%
3Taiwanese Fixed Interest14.6%
4Luxembourg Fixed Interest8.17%
5Singapore Fixed Interest7.71%
Individual holdings
1DP WORLD LTD 1.75% CNV BDS 19/06/24 USD2000005.26%
2BAGAN CAPITAL LTD 0% CNV BDS 23/09/21 USD10004.94%
3CHINA OVRES FIN KY 5 (ZERO COUPON) 01/20233.91%
4CAHAYA CAPITAL LTD 0,00% 09/20213.69%
5ENN ENERGY HOLDINGS LTD (ZERO COUPON) 02/20183.41%
6CN YANGTZE PWR INTL BVI1 (ZERO COUPON) 11/20213.28%
7UNITED MICROELECTRONICS CORP 0% CNV BDS 18/05/20 USD200000 REG S3.17%
8ABIGROVE LTD (ZERO COUPON) 02/20223.15%
91.625% KUNLUN ENERGY CO LTD (FIXED) 07/20193.08%
Management
Fund manager group
Macquarie Bank
Fund manager company
Macquarie Bank Intl Ltd
Fund type
Offshore Fund
Fund objective
The Macquarie Emerging Market Convertible Fund is a convertible bond fund which aims to achieve capital appreciation and steady returns.
Benchmark
  • Merrill Lynch Global Convertible
Investment style
Capital Protection Targeted
Investment method
Convertibles
Fund manager
NameSinceBiography
Stefan Lowenthal01/02/2008Stefan Löwenthal is Chief Investment Officer at Macquarie Investment Management Austria and has full responsibility for the company’s investments. He is also head of the five member investment team, who makes strategic investment decisions (approval of new funds, development of new strategies, etc.). Moreover, Mr. Löwenthal is head of the portfolio management team, which is responsible for asset allocation and overlay decisions, fund management and capital market analysis as well as the development of new investment strategies. Prior to Macquarie Austria, Mr. Löwenthal studied “Management Science” at the University of Economics Vienna. Besides his activities at Macquarie Austria, he teaches at the University of Vienna and the University for Applied Sciences IMC Krems. He is a CFA charterholder and has been working within the financial sector since 2008.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Italy, Luxembourg, Offshore
Macquarie Emerging Market Convertible B EUR
Initial charge-
Annual charge1.3%
Min single investment£100
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price10.4617
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMU1
Macquarie Emerging Market Convertible C EUR
Initial charge-
Annual charge1.3%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price10.4357
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7KC
Data provided by

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