Fact sheet: MltBd EM Bd

Fund information
Fund name
Multibond Emerging Bond B USD
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund manager
  • Enzo Puntillosince 05/09/2012
Fund objective
The fund invests predominantly in emerging-market bonds denominated in USD. The fund is suitable for investors with a high risk tolerance as an additional component in a globally diversified portfolio. It is suitable, in particular, for investors who wish to benefit from emerging markets' improved debtor quality and are interested in higher bond yields but can accept correspondingly higher volatility.
Benchmark
  • JPM EMBI Global Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9%
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.
1.6%
Fund size
£483m (£203m 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.
88
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$38.1%
Pictet Lat Am Lcl Cur Dt34.7%
Schroder ISF EmgMktBd31.6%
Rubrics Ind Fxd Inc UCITS31.5%
Pioneer SICV-Emg Mkt Bd29.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Mexico10.8%
    Russia8.3%
    Indonesia7.9%
    Brazil6.8%
    Argentina5.7%
  • BB34.8%
    BBB29%
    B18.5%
    CCC5.8%
    Money Market3.9%
  • American Emerging Fixed Interest20.4%
    European Emerging Fixed Interest11.8%
    Mexican Fixed Interest10.8%
    Russian Fixed Interest8.3%
    Indonesian Fixed Interest7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.2%-5.5%0.3%9%14.7%23.8%
Sector-3.3%-3.7%1.6%7.8%1.1%6.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund10.1%-1.5%5.1%-7.7%17.5%
Sector9.4%-7.3%-0.6%-7%14.7%
Rank within sector-----
Quartile
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.
4.17
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.
0.87
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.
0.09
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%.
6.9
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.
2.61
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.
1.6
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.
0.88
Price movement
52 week high466.41
52 week low390.89
Current bid price-
Current offer price-
Current mid price440.52
Region
1Mexico10.75%
2Russia8.27%
3Indonesia7.85%
4Brazil6.79%
5Argentina5.67%
6Turkey5.27%
7Colombia4.82%
8Croatia4%
9USA3.95%
Industry sector
1BB34.75%
2BBB28.99%
3B18.53%
4CCC5.75%
5Money Market3.87%
6AAA3.49%
7Non-Rated1.81%
8A1.58%
9CC1.23%
Asset type
1American Emerging Fixed Interest20.42%
2European Emerging Fixed Interest11.79%
3Mexican Fixed Interest10.75%
4Russian Fixed Interest8.27%
5Indonesian Fixed Interest7.85%
6Brazilian Fixed Interest6.79%
7Middle East & African Fixed Interest6.49%
8US Fixed Interest3.95%
9Money Market3.87%
Individual holdings
1RUSSIAN FEDERATION MINISTRY FINANCE 5% BDS 29/04/20 USD100000`144A`6.03%
2REPUBLIC OF ARGENTINA 7.500%4.58%
3INDONESIA(REPUBLIC OF) 7.75% BDS 17/01/38 USD1000 `144A`4.2%
4CROATIA(REPUBLIC OF) 6.375% BDS 24/03/21 USD1000 144A3.86%
5REPUBLIC OF COLUMBIA 7,3753.77%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund invests predominantly in emerging-market bonds denominated in USD. The fund is suitable for investors with a high risk tolerance as an additional component in a globally diversified portfolio. It is suitable, in particular, for investors who wish to benefit from emerging markets' improved debtor quality and are interested in higher bond yields but can accept correspondingly higher volatility.
Benchmark
  • JPM EMBI Global Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Enzo Puntillo05/09/2012Born in Basle, Switzerland, Enzo Puntillo gained his master's degree in Business Administration and Economics at his hometown university. Enzo also holds the CEFA qualification. His career started in 1993 at Paribas and in 1999 he joined UBS Brinson Asset Management where he started his portfolio management career. He currently runs global fixed income funds for Swiss & Global and is an investor in his own strategies. Enzo incorporates a top down view in his investment strategy. Besides his career his interests are skiing, theatre and music.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Multibond Emerging Bond A CHF
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price90.66
CurrencyCHF
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5RD
Multibond Emerging Bond A EUR
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price88.15
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF2CG
Multibond Emerging Bond A USD
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price138.94
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJX01
Multibond Emerging Bond B CHF
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price110.93
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5RE
Multibond Emerging Bond B EUR
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price106.58
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2CH
Multibond Emerging Bond B USD
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price440.52
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG67
Multibond Emerging Bond C CHF
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price113.67
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5RF
Multibond Emerging Bond C EUR
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price109.1
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2CI
Multibond Emerging Bond C USD
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price488.07
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJW01
Multibond Emerging Bond CA EUR
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price91.69
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF2CJ
Multibond Emerging Bond CA USD
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price97.26
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFO3P
Multibond Emerging Bond E EUR
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price104.3
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2CK
Multibond Emerging Bond E USD
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price320.28
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJC80
Multibond Emerging Bond EM EUR
Initial charge3%
Annual charge1.3%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price85.62
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4VZ
Data provided by

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