Fact sheet: Nordea 1 Emrg Mkt Lcl Dt+

Fund information
Fund name
Nordea 1 Emerging Market Local Debt Plus BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Jacob Jensensince 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 investments are creating alpha from both rates and FX positions. 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
-
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.
1.47%
Fund size
£32m (£11m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$50.9%
Pictet Lat Am Lcl Cur Dt40.6%
Old Mutual Em Mt Dt37.4%
SEI Emg Mkts Dt36.9%
Schroder ISF EmgMktBd36%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • South Africa10.8%
    Indonesia10.7%
    Brazil10.4%
    Poland9.2%
    Malaysia8.7%
  • BBB37%
    A31.6%
    BB26.7%
    Money Market2.9%
    B1.8%
  • South African Fixed Interest10.8%
    Indonesian Fixed Interest10.7%
    Brazilian Fixed Interest10.4%
    Polish Fixed Interest9.2%
    Malaysian Fixed Interest8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%5.4%7.7%---
Sector0.4%5%8.5%13%3.6%14.8%
Rank within sector171 / 21384 / 210140 / 207---
Quartile4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund15.3%----
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector64 / 205----
Quartile2nd
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 high111.83
52 week low91.61
Current bid price-
Current offer price-
Current mid price109.73
Region
1South Africa10.83%
2Indonesia10.71%
3Brazil10.41%
4Poland9.24%
5Malaysia8.69%
6Turkey8.36%
7Mexico8.12%
8Russia6.37%
9Hungary5.82%
Industry sector
1BBB37.02%
2A31.59%
3BB26.74%
4Money Market2.85%
5B1.8%
Asset type
1South African Fixed Interest10.83%
2Indonesian Fixed Interest10.71%
3Brazilian Fixed Interest10.41%
4Polish Fixed Interest9.24%
5Malaysian Fixed Interest8.69%
6Middle East & African Fixed Interest8.36%
7Mexican Fixed Interest8.12%
8Russian Fixed Interest6.37%
9Hungarian Fixed Interest5.82%
Individual holdings
1TURKEY(REPUBLIC OF) 8.5% BDS 10/07/19 TRY10004.43%
2POLAND(STATE TREASURY OF) 3.25% BDS 25/07/25 PLN10004.05%
3RUSSIAN FEDERATION MINISTRY FINANCE 6.8% BDS 11/12/19 RUB10003.49%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10003.09%
5SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)3.01%
6MALAYSIA 4.181% BDS 15/07/24 MYR10002.86%
7SOUTH AFRICA(REPUBLIC OF) 8.25% BDS 31/03/32 ZAR12.85%
8REP OF INDONESIA 8.38% BDS 15/03/24 IDR10000002.73%
9POLAND(STATE TREASURY OF) 2% BDS 25/04/21 PLN10002.7%
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 investments are creating alpha from both rates and FX positions. 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 manager
NameSinceBiography
Jacob Jensen26/10/2015
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 Local Debt Plus BI EUR
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price97.98
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE18Q
Nordea 1 Emerging Market Local Debt Plus BI USD
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price110.32
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE18R
Nordea 1 Emerging Market Local Debt Plus BP EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price97.46
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18S
Nordea 1 Emerging Market Local Debt Plus BP USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price109.73
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18T
Nordea 1 Emerging Market Local Debt Plus E EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price96.86
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18O
Nordea 1 Emerging Market Local Debt Plus E USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price109.05
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18P
Nordea 1 Emerging Market Local Debt Plus HB EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9ZM
Nordea 1 Emerging Market Local Debt Plus HB SEK
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price882.95
CurrencySEK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9OT
Nordea 1 Emerging Market Local Debt Plus HBI EUR
Initial charge3%
Annual charge0.75%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price99.66
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1MQ
Data provided by

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