Fact sheet: Nordea 1 Emrg Mkt Bd

Fund information
Fund name
Nordea 1 Emerging Market Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Cathy Hepworthsince 30/05/2012
  • David Besseysince 30/05/2012
Fund objective
The fund invests into Emerging Market bonds labelled in hard currency (like USD) of sovereign and quasi-sovereigns entities. It might also opportunistically allocate to corporate and sovereign local currency bonds. The fund uses integrated bottom-up equity, sovereign, and corporate credit analysis that allow for early identification of superior businesses with greater long term potential for market re-rating.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Quick stats
1 Year return
11%
1 Year rank in sector
68/218
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.
1.33%
Fund size
£1,359m (£398m 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.
91
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Aberdeen Global II EMTlRB480%
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Performance snapshot

Holdings snapshot

  • Mexico6.2%
    Argentina6%
    Brazil5.5%
    Indonesia5%
    Russia4.5%
  • BB33.3%
    B31.4%
    BBB23.2%
    CCC4.4%
    Money Market3.4%
  • American Emerging Fixed Interest25.1%
    African Fixed Interest10.2%
    Middle East & African Fixed Interest8.8%
    European Emerging Fixed Interest6.9%
    Mexican Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%4.6%-0.4%11%21.1%-
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector103 / 23488 / 233168 / 22568 / 21822 / 175-
Quartile2nd2nd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.2%10.7%1%5.8%-5.9%
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector94 / 23377 / 21729 / 20138 / 16950 / 124
Quartile2nd2nd1st1st2nd
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.
5.08
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.
0.84
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.
0.46
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%.
6.66
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.
2.63
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.
1.83
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.
0.87
Price movement
52 week high132.89
52 week low118.12
Current bid price-
Current offer price-
Current mid price131.68
Region
1Mexico6.21%
2Argentina5.97%
3Brazil5.45%
4Indonesia5.03%
5Russia4.5%
6Turkey4.21%
7Ukraine3.42%
8Money Market3.41%
9Venezuela3.14%
Industry sector
1BB33.26%
2B31.36%
3BBB23.16%
4CCC4.36%
5Money Market3.41%
6A2.9%
7Non-Rated1.19%
8AA0.29%
9CCC-0.07%
Asset type
1American Emerging Fixed Interest25.13%
2African Fixed Interest10.2%
3Middle East & African Fixed Interest8.76%
4European Emerging Fixed Interest6.86%
5Mexican Fixed Interest6.21%
6Brazilian Fixed Interest5.45%
7Indonesian Fixed Interest5.03%
8Russian Fixed Interest4.5%
9Asia Pacific Emerging Fixed Interest3.65%
Individual holdings
1ARGENTINA(REPUBLIC OF) 1.33% BDS 31/12/38 USD10001.98%
2IRAQ (REPUBLIC OF) 5.8% STEP-UP NTS 15/01/28 USD1000 `REGS`1.37%
3PETROLEOS MEXICANOS 6.5% GTD SNR NTS 02/06/41 USD10001.25%
4PETROLEOS DE VENEZUELA 8.5% BDS 14/10/20 USD1500001.18%
5RUSSIAN FEDERATION MINISTRY FINANCE 12.75% BDS 24/6/2028 USD10000 REG`S1.16%
6ROMANIA(REPUBLIC OF) 6.125% MTN 22/01/44 USD2000REG S1.15%
7TURKEY(REPUBLIC OF) 6.875% NTS 17/03/36 USD10001.12%
8HUNGARY 7.625% BDS 29/03/41 USD20001.06%
9PHILIPPINES(REPUBLIC OF) 7.75% BDS 14/01/31 USD1000001.06%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests into Emerging Market bonds labelled in hard currency (like USD) of sovereign and quasi-sovereigns entities. It might also opportunistically allocate to corporate and sovereign local currency bonds. The fund uses integrated bottom-up equity, sovereign, and corporate credit analysis that allow for early identification of superior businesses with greater long term potential for market re-rating.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
Capital Protection Targeted
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Cathy Hepworth30/05/2012Cathy L. Hepworth, CFA, is portfolio manager and Emerging Markets Sovereign Strategist for Prudential Fixed Income's Emerging Markets Team. Ms. Hepworth co-founded the firm's emerging markets debt management effort with David Bessey in 1996. Previously, Ms. Hepworth was an analyst in the credit unit of Prudential Financial's Capital Management Group, focusing on sovereigns, foreign banks, Canadian Provinces, energy sectors, insurance companies and domestic banks. Prior to joining Prudential Financial in 1989, she held analyst positions at Bankers Trust, Merrill Lynch, and Golembe Associates. Ms. Hepworth received a BSFS from Georgetown University, School of Foreign Service.
David Bessey30/05/2012David Bessey is managing director and head of Prudential Fixed Income's Emerging Markets Debt Team, investing in emerging market debt denominated in both $US and local currencies. Mr. Bessey is also senior portfolio manager for all Core Plus Fixed Income strategies and for the Emerging Markets Debt Long/Short Strategy. Mr. Bessey has been managing emerging market debt portfolios since 1995. Prior to joining Prudential Financial in 1989, Mr. Bessey was a project manager on various engineering projects in the United States, Asia, and Latin America. Mr. Bessey received a BS in Geological Engineering from Cornell University and an MBA in Finance from the Sloan School at the Massachusetts Institute of Technology (MIT).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Emerging Market Bond AI USD
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price121.63
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUKS
Nordea 1 Emerging Market Bond AP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price111.79
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTYB
Nordea 1 Emerging Market Bond AP USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price120.58
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTYA
Nordea 1 Emerging Market Bond BI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price125.05
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0QV
Nordea 1 Emerging Market Bond BI USD
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price134.88
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0QU
Nordea 1 Emerging Market Bond BP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price122.08
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QT
Nordea 1 Emerging Market Bond BP USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price131.68
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QS
Nordea 1 Emerging Market Bond E EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price117.9
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QX
Nordea 1 Emerging Market Bond E USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price127.17
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QW
Nordea 1 Emerging Market Bond HA EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price105.97
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTXZ
Nordea 1 Emerging Market Bond HAI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price91.55
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNTQ
Nordea 1 Emerging Market Bond HB EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price113.66
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN1D
Nordea 1 Emerging Market Bond HB NOK
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price784.35
CurrencyNOK
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2AK
Nordea 1 Emerging Market Bond HB SEK
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price930.85
CurrencySEK
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0QY
Nordea 1 Emerging Market Bond HBC EUR
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price95.79
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLQQ
Nordea 1 Emerging Market Bond HBI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price104.75
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPCM
Nordea 1 Emerging Market Bond HBI NOK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price763.42
CurrencyNOK
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF64A
Nordea 1 Emerging Market Bond HBI SEK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1209.79
CurrencySEK
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNT4N
Nordea 1 Emerging Market Bond X USD
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.18
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC39S
Data provided by

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