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 06/09/2012
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
8.5%
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.
1.62%
Fund size
£477m (£210m last year)
Top in this sector
Fund name1 Year
Ashmore EMHghYldCrDb30.9%
Pictet Lat Am Lcl Cur Dt28.8%
Gramercy Allct Emg Mket Debt27.7%
Old Mutual Em Mt Dt27%
Ashburton India FxIn Opps26%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Mexico9.8%
    Russia7.9%
    Indonesia7.6%
    Brazil6.8%
    Argentina6.5%
  • BB36.5%
    BBB29.6%
    B15.1%
    Money Market6.4%
    CCC5.6%
  • American Emerging Fixed Interest22.7%
    European Emerging Fixed Interest12.2%
    Mexican Fixed Interest9.8%
    Russian Fixed Interest7.9%
    Indonesian Fixed Interest7.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.6%1.6%8.5%15.3%22.5%
Sector0.8%4.1%2%8.9%4.4%6.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund4.9%10.7%-1.5%5.1%-7.7%
Sector5.2%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.
3.61
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.
0.86
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.
0.2
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%.
6.71
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.
2.57
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.
1.32
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 low428.37
Current bid price-
Current offer price-
Current mid price464.92
Region
1Mexico9.79%
2Russia7.95%
3Indonesia7.61%
4Brazil6.81%
5Argentina6.5%
6Turkey5.24%
7USA4.84%
8Colombia4.43%
9Money Market4.37%
Industry sector
1BB36.49%
2BBB29.55%
3B15.09%
4Money Market6.4%
5CCC5.57%
6AAA4.35%
7CC1.31%
8A1.25%
9Unknown-
Asset type
1American Emerging Fixed Interest22.69%
2European Emerging Fixed Interest12.21%
3Mexican Fixed Interest9.79%
4Russian Fixed Interest7.95%
5Indonesian Fixed Interest7.61%
6Brazilian Fixed Interest6.81%
7Middle East & African Fixed Interest6.6%
8US Fixed Interest4.84%
9Money Market4.37%
Individual holdings
1REPUBLIC OF RUSSIA5.85%
2 REPUBLIC OF ARGENTINA5%
3US TREASURY BILLS4.04%
4CROATIA3.72%
5 REPUBLIC OF COLUMBIA3.53%
6INDONESIA.3.46%
7PETROLEOS MEXICANOS2.99%
8REPUBLIC OF ROMANIA2.82%
9 REPUBLIC OF MEXICO2.69%
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 Puntillo06/09/2012Enzo 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)1.6%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price94.84
CurrencyCHF
Price updated26/04/2017
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)1.66%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price92.4
CurrencyEUR
Price updated26/04/2017
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)1.62%
Bid price-
Offer price-
Mid price146.64
CurrencyUSD
Price updated26/04/2017
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)1.61%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price116.04
CurrencyCHF
Price updated26/04/2017
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)1.67%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price111.72
CurrencyEUR
Price updated26/04/2017
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)1.62%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price464.92
CurrencyUSD
Price updated26/04/2017
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)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price119.15
CurrencyCHF
Price updated26/04/2017
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)1.1%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price114.59
CurrencyEUR
Price updated26/04/2017
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 price516.15
CurrencyUSD
Price updated26/04/2017
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)1.1%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price96.31
CurrencyEUR
Price updated26/04/2017
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)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price102.86
CurrencyUSD
Price updated26/04/2017
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)2.13%
Bid price-
Offer price-
Mid price109.13
CurrencyEUR
Price updated26/04/2017
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 price337.4
CurrencyUSD
Price updated26/04/2017
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)2.11%
Bid price-
Offer price-
Mid price87.54
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF4VZ
Multibond Emerging Bond RA GBP
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price100.39
CurrencyGBP
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC36J
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.