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
2.7%
1 Year rank in sector
172/218
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.
1.47%
Fund size
£30m (£11m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil11.6%
    Indonesia10.4%
    South Africa9.7%
    Turkey9.1%
    Poland9.1%
  • BBB40.1%
    A29.9%
    Non-Rated13.5%
    BB11.6%
    Money Market3%
  • Brazilian Fixed Interest11.6%
    Indonesian Fixed Interest10.4%
    South African Fixed Interest9.7%
    Middle East & African Fixed Interest9.1%
    Polish Fixed Interest9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.5%-7%-1.4%2.7%--
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector200 / 227210 / 225207 / 223172 / 218--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.6%----
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector175 / 220----
Quartile4th
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 price100.5
Region
1Brazil11.6%
2Indonesia10.39%
3South Africa9.69%
4Turkey9.14%
5Poland9.08%
6Malaysia8%
7Colombia7.56%
8Russia6.41%
9Mexico6.32%
Industry sector
1BBB40.09%
2A29.86%
3Non-Rated13.52%
4BB11.6%
5Money Market3%
6B1.93%
Asset type
1Brazilian Fixed Interest11.6%
2Indonesian Fixed Interest10.39%
3South African Fixed Interest9.69%
4Middle East & African Fixed Interest9.14%
5Polish Fixed Interest9.08%
6Malaysian Fixed Interest8%
7American Emerging Fixed Interest7.56%
8Russian Fixed Interest6.41%
9Mexican Fixed Interest6.32%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10004.31%
2BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/19 BRL10004.26%
3POLAND(STATE TREASURY OF) 3.25% BDS 25/07/25 PLN10003.37%
4TURKEY(REPUBLIC OF) 8.5% BDS 10/07/19 TRY10003.29%
5SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)3.17%
6ROMANIA(REPUBLIC OF) 6.75% MTN 07/02/22 USD2000 REG S3.04%
7REP OF INDONESIA 8.38% BDS 15/03/24 IDR10000002.82%
8RUSSIAN FEDERATION MINISTRY FINANCE 6.8% BDS 11/12/19 RUB10002.79%
9INDONESIA(REPUBLIC OF) 8.75% BDS 15/05/31 IDR10000002.49%
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 price95.22
CurrencyEUR
Price updated01/12/2016
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 price101.12
CurrencyUSD
Price updated01/12/2016
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 price94.63
CurrencyEUR
Price updated01/12/2016
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 price100.5
CurrencyUSD
Price updated01/12/2016
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 price93.91
CurrencyEUR
Price updated01/12/2016
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 price99.73
CurrencyUSD
Price updated01/12/2016
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 price87.53
CurrencyEUR
Price updated01/12/2016
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 price805.04
CurrencySEK
Price updated01/12/2016
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 price90.96
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1MQ
Data provided by

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