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
12.6%
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
£457m (£185m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$60%
Pictet Lat Am Lcl Cur Dt43.5%
Schroder ISF EmgMktBd36.7%
Gramercy Allct Emg Mket Debt34.3%
Ashmore EMHghYldCrDb34.1%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Mexico9.7%
    Russia7.9%
    Indonesia7.7%
    Brazil7%
    Turkey5.5%
  • BB33.3%
    BBB29.2%
    B18.8%
    Money Market6.5%
    CCC5.5%
  • American Emerging Fixed Interest19.5%
    European Emerging Fixed Interest12.6%
    Mexican Fixed Interest9.7%
    Russian Fixed Interest7.9%
    Indonesian Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%-2.9%-2%12.6%15.4%25.2%
Sector1.2%-2.1%-0.6%12.4%2%7.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.7%10.7%-1.5%5.1%-7.7%
Sector0.5%10.2%-7.3%-0.6%-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.
0.17
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%.
6.95
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.
1.57
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 price446.37
Region
1Mexico9.69%
2Russia7.9%
3Indonesia7.74%
4Brazil6.97%
5Turkey5.49%
6Argentina5.3%
7Money Market4.64%
8Colombia4.38%
9Croatia4.32%
Industry sector
1BB33.29%
2BBB29.2%
3B18.83%
4Money Market6.54%
5CCC5.49%
6AAA3.79%
7A1.51%
8CC1.35%
Asset type
1American Emerging Fixed Interest19.45%
2European Emerging Fixed Interest12.6%
3Mexican Fixed Interest9.69%
4Russian Fixed Interest7.9%
5Indonesian Fixed Interest7.74%
6Brazilian Fixed Interest6.97%
7Middle East & African Fixed Interest6.81%
8Money Market4.64%
9US Fixed Interest4.28%
Individual holdings
1RUSSIAN FEDERATION MINISTRY FINANCE 5% BDS 29/04/20 USD100000`144A`5.96%
2REPUBLIC OF ARGENTINA 7.500%4.15%
3CROATIA(REPUBLIC OF) 6.375% BDS 24/03/21 USD1000 144A3.87%
4INDONESIA(REPUBLIC OF) 7.75% BDS 17/01/38 USD1000 `144A`3.52%
5REPUBLIC OF COLUMBIA 7,3753.46%
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 Puntillo05/09/2012Enzo Puntillo is Head of the Fixed Income team and Portfolio Manager Fixed Income Emerging Markets. Prior to joining GAM Group in October 2005, he managed institutional bond and fund mandates at UBS Global Asset Management in Zurich with a focus on global emerging market debt and crossover products. Prior to that he was a fixed income trader at Paribas. Enzo Puntillo holds a degree in Business Administration and Economics from the University of Applied Science of Basel and he is a Certified European Financial Analyst (CEFA). He is based in Zurich.
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 price91.66
CurrencyCHF
Price updated11/01/2017
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 price89.16
CurrencyEUR
Price updated11/01/2017
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 price140.79
CurrencyUSD
Price updated11/01/2017
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 price112.15
CurrencyCHF
Price updated11/01/2017
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 price107.8
CurrencyEUR
Price updated11/01/2017
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 price446.37
CurrencyUSD
Price updated11/01/2017
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 price114.98
CurrencyCHF
Price updated11/01/2017
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 price110.41
CurrencyEUR
Price updated11/01/2017
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 price494.8
CurrencyUSD
Price updated11/01/2017
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 price92.79
CurrencyEUR
Price updated11/01/2017
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 price98.6
CurrencyUSD
Price updated11/01/2017
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 price105.45
CurrencyEUR
Price updated11/01/2017
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 price324.38
CurrencyUSD
Price updated11/01/2017
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 price86.16
CurrencyEUR
Price updated11/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4VZ
Multibond Emerging Bond RA GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.54
CurrencyGBP
Price updated11/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC36J
Data provided by

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