Fact sheet: Nordea 1 Emrg Mkt Hr Cr Bd

Fund information
Fund name
Nordea 1 Emerging Market Hard Currency Bond BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Anne Margrethe Tingleffsince 26/10/2015
  • Thomas Christiansensince 26/10/2015
Fund objective
The fund invests in emerging markets sovereign debt, and aims to outperform its benchmark. The fund makes use of top-down asset allocation decisions inside the investment universe, bottom-up country analysis, and thematic investment themes that combine the outlook for global macro factors and country specific views. The investment team seeks to deliver positive risk-adjusted returns over a full market cycle, by employing this multi staged investment process in a consistent and risk-controlled fashion.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.2%
1 Year rank in sector
121/219
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.
1.29%
Fund size
£133m (£89m last year)
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Performance snapshot

Holdings snapshot

  • Money Market6.2%
    Indonesia5.2%
    Russia4.7%
    Peru3.9%
    Argentina3.8%
  • BBB27.7%
    BB27.5%
    B26.1%
    Money Market6.2%
    A5.2%
  • American Emerging Fixed Interest23.6%
    African Fixed Interest9.2%
    European Emerging Fixed Interest7.8%
    Money Market6.2%
    Middle East & African Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%3.3%0.7%7.2%--
Sector1.1%4.2%1.8%8.1%4.1%7.1%
Rank within sector173 / 233145 / 232168 / 227121 / 219--
Quartile3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund4.7%8.8%---
Sector5.1%10.2%-7.3%-0.6%-7%
Rank within sector125 / 232126 / 215---
Quartile3rd3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high110.62
52 week low102.15
Current bid price-
Current offer price-
Current mid price110.47
Region
1Money Market6.19%
2Indonesia5.21%
3Russia4.72%
4Peru3.92%
5Argentina3.82%
6Mexico3.7%
7Brazil3.55%
8Colombia3.47%
9Ukraine3.46%
Industry sector
1BBB27.66%
2BB27.49%
3B26.08%
4Money Market6.19%
5A5.21%
6Non-Rated3.18%
7CCC2.88%
8AA1.29%
Asset type
1American Emerging Fixed Interest23.61%
2African Fixed Interest9.21%
3European Emerging Fixed Interest7.84%
4Money Market6.19%
5Middle East & African Fixed Interest6%
6Indonesian Fixed Interest5.21%
7Russian Fixed Interest4.72%
8Peruvian Fixed Interest3.92%
9Mexican Fixed Interest3.7%
Individual holdings
1INDONESIA(REPUBLIC OF) 8.5% BDS 12/10/35 USD1000 `REGS`1.45%
2PERU(REPUBLIC OF) 8.75% BDS 21/11/33 USD10001.29%
3SERBIA(REPUBLIC OF) 7.25% NTS 28/09/21 USD2000001.14%
4COLOMBIA(REPUBLIC OF) 7.375% BDS 18/09/37 USD10001.08%
5ZAMBIA(GOVT OF) 8.5% NTS 14/04/24 USD200000REG S1.03%
6KAZAGRO NATIONAL MANAGEMENT JSC 4.625% BDS 24/05/23 USD200000REG S0.98%
7PANAMA(REPUBLIC OF) 6.7% BDS 26/01/36 USD10000.98%
8URUGUAY 5.1% SNR UNSEC NTS 18/06/50 USD10.96%
9UKRAINE(REPUBLIC OF) 7.75% NTS 27/10/19 USD76100000.94%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests in emerging markets sovereign debt, and aims to outperform its benchmark. The fund makes use of top-down asset allocation decisions inside the investment universe, bottom-up country analysis, and thematic investment themes that combine the outlook for global macro factors and country specific views. The investment team seeks to deliver positive risk-adjusted returns over a full market cycle, by employing this multi staged investment process in a consistent and risk-controlled fashion.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Anne Margrethe Tingleff26/10/2015
Thomas Christiansen26/10/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Emerging Market Hard Currency Bond BI 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)0.83%
Bid price-
Offer price-
Mid price104.13
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE18K
Nordea 1 Emerging Market Hard Currency Bond BI USD
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)0.83%
Bid price-
Offer price-
Mid price111.34
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE18L
Nordea 1 Emerging Market Hard Currency Bond BP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price103.32
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18M
Nordea 1 Emerging Market Hard Currency Bond BP USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price110.47
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18N
Nordea 1 Emerging Market Hard Currency Bond E EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price102.29
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18I
Nordea 1 Emerging Market Hard Currency Bond E USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price109.37
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18J
Nordea 1 Emerging Market Hard Currency Bond HB EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price95.88
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9ZN
Nordea 1 Emerging Market Hard Currency Bond HB SEK
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price879.58
CurrencySEK
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9OV
Nordea 1 Emerging Market Hard Currency Bond HBI DKK
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)0.84%
Bid price-
Offer price-
Mid price745
CurrencyDKK
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1MM
Nordea 1 Emerging Market Hard Currency Bond HBI 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)0.84%
Bid price-
Offer price-
Mid price100.08
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1MN
Data provided by

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