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
7.3%
1 Year rank in sector
156/218
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.
1.41%
Fund size
£58m (£11m last year)
Top in this sector
Fund name1 Year
Aberdeen Global II EMTlRB480%
UBS (L)BdSIC-Brazil$46%
Pictet Lat Am Lcl Cur Dt36%
Ashmore EMHghYldCrDb29.9%
Gramercy Allct Emg Mket Debt27%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil12.5%
    South Africa9.8%
    Poland9.8%
    Indonesia9.3%
    Turkey7.9%
  • BBB39.9%
    A29.1%
    BB20.4%
    Money Market5.1%
    Non-Rated2.4%
  • Brazilian Fixed Interest12.5%
    South African Fixed Interest9.8%
    Polish Fixed Interest9.8%
    Indonesian Fixed Interest9.3%
    American Emerging Fixed Interest8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%7.8%-0%7.3%--
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector21 / 23424 / 233153 / 225156 / 218--
Quartile1st1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.3%8.1%---
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector23 / 233152 / 217---
Quartile1st3rd
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 low99.86
Current bid price-
Current offer price-
Current mid price110.42
Region
1Brazil12.46%
2South Africa9.83%
3Poland9.75%
4Indonesia9.25%
5Turkey7.9%
6Mexico7.86%
7Colombia7.56%
8Russia7.34%
9Malaysia6.82%
Industry sector
1BBB39.92%
2A29.09%
3BB20.36%
4Money Market5.1%
5Non-Rated2.41%
6AAA2.14%
7B0.98%
Asset type
1Brazilian Fixed Interest12.46%
2South African Fixed Interest9.83%
3Polish Fixed Interest9.75%
4Indonesian Fixed Interest9.25%
5American Emerging Fixed Interest8.54%
6Middle East & African Fixed Interest7.9%
7Mexican Fixed Interest7.86%
8Russian Fixed Interest7.34%
9Malaysian Fixed Interest6.82%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005.22%
2SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)3.96%
3BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/19 BRL10003.46%
4MEXICO(UNITED MEXICAN STATES) 8% BDS 11/06/20 MXN1002.95%
5THAILAND (MINISTRY OF FINANCE) 1.25% BDS 12/03/28 THB1000002.9%
6REP OF INDONESIA 8.38% BDS 15/03/24 IDR10000002.8%
7TURKEY(REPUBLIC OF) 8.5% BDS 10/07/19 TRY10002.63%
8RUSSIAN FEDERATION MINISTRY FINANCE 6.8% BDS 11/12/19 RUB10002.51%
9RUSSIAN FEDERATION MINISTRY FINANCE 7.6% BDS 14/04/21 RUB1000 262052.4%
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)0.94%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price103.14
CurrencyEUR
Price updated23/03/2017
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)0.94%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price111.25
CurrencyUSD
Price updated23/03/2017
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)1.41%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price102.37
CurrencyEUR
Price updated23/03/2017
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)1.41%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price110.42
CurrencyUSD
Price updated23/03/2017
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)2.12%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price101.36
CurrencyEUR
Price updated23/03/2017
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)2.12%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price109.33
CurrencyUSD
Price updated23/03/2017
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)1.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.57
CurrencyEUR
Price updated23/03/2017
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)1.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price877.53
CurrencySEK
Price updated23/03/2017
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)0.96%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price99.43
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1MQ
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.