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
-0.9%
1 Year rank in sector
32/72
Sector
FO Convertible
Yield
-
Fund size
£32m (£53m 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.
70
Top in this sector
Fund name1 Year
Man Convertibles Am8.8%
CQS Global Convertible UCITS5%
HAM Gbl Convtbl Bd2.9%
Franklin Gl Cnvtl Secrts2.9%
JGF-Jupiter Gb Convl2.8%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Others45.5%
    British Virgin Islands11.9%
    Cayman Islands11.7%
    Taiwan11.5%
    United Arab Emirates10.3%
  • Financials44.2%
    Industrials15.2%
    Utilities13.1%
    Technology11.8%
    Others8.2%
  • Global Fixed Interest45.5%
    American Emerging Fixed Interest23.6%
    Taiwanese Fixed Interest11.5%
    GCC Fixed Interest10.3%
    Malaysian Fixed Interest9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-1.8%-0.1%-0.9%5.9%26.1%
Sector0.1%-1%1%-1.4%6%28.4%
Rank within sector67 / 7356 / 7356 / 7332 / 7236 / 6131 / 51
Quartile4th4th4th2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.1%1.8%2.8%8.5%11.7%
Sector-0.8%2.9%2.3%11.7%10.9%
Rank within sector28 / 7250 / 6730 / 6142 / 5420 / 51
Quartile2nd3rd2nd4th2nd
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.
0.9
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.
0.62
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%.
4.62
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.
3.73
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.
0.05
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.
0.58
Price movement
52 week high10.39
52 week low9.94
Current bid price-
Current offer price-
Current mid price10.18
Region
1Others45.46%
2British Virgin Islands11.94%
3Cayman Islands11.69%
4Taiwan11.51%
5United Arab Emirates10.29%
6Malaysia9.11%
Industry sector
1Financials44.24%
2Industrials15.21%
3Utilities13.06%
4Technology11.84%
5Others8.19%
6Non-Cyclical Consumer Goods7.46%
Asset type
1Global Fixed Interest45.46%
2American Emerging Fixed Interest23.63%
3Taiwanese Fixed Interest11.51%
4GCC Fixed Interest10.29%
5Malaysian Fixed Interest9.11%
Individual holdings
1MNV ZRT 3.375% CNV BDS 02/04/19 EUR1000007.4%
2CAHAYA CAPITAL LTD 0,00% 09/20216.78%
3NATIONAL BANK OF ABU DHABI 1% CNV BDS 12/03/18(ORD)USD2000005.71%
4SHINE POWER INTL LTD ELN 28/07/19(BEIJING ENTERPR)HKD20000005.15%
5CEZ AS 0% CNV BDS 04/08/17 EUR1000004.94%
6DP WORLD LTD 1.75% CNV BDS 19/06/24 USD2000004.58%
7BRAIT SE 2.75% NTS 18/09/20 GBP1000004.37%
8CHINA RAILWAY CONSTRUCT (ZERO COUPON) 01/20213.32%
9BAGAN CAPITAL LTD 0% CNV BDS 23/09/21 USD10002.98%
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)1.32%
Bid price-
Offer price-
Mid price10.1774
CurrencyEUR
Price updated05/12/2016
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 price10.1653
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7KC
Data provided by

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