Fact sheet: Nordea 1 Emrg Mkt Lcl Dt

Fund information
Fund name
Nordea 1 Emerging Market Local Debt BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Jacob Jensensince 30/09/2015
  • Thorben Vellingsince 30/09/2015
  • Martti Forsbergsince 30/09/2015
Fund objective
This sub-fund shall invest a minimum of two-thirds of its total assets in debt securities issued in local currencies by sovereigns, supranational institutions, quasi sovereigns and private borrowers, which are domiciled or exercise the predominant part of their economic activity in an Emerging Market.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
163/217
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.
1.4%
Fund size
£115m (£106m 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.
104
Top in this sector
Fund name1 Year
Rubrics Ind Fxd Inc UCITS32%
UBS (L)BdSIC-Brazil$31.5%
Pictet Lat Am Lcl Cur Dt29.3%
Schroder ISF EmgMktBd29%
Pioneer SICV-Emg Mkt Bd28.1%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil11.9%
    South Africa9.9%
    Indonesia9.7%
    Turkey8.7%
    Poland8.5%
  • BBB37.6%
    A30.6%
    BB14.5%
    Non-Rated11.1%
    Money Market4%
  • Brazilian Fixed Interest11.9%
    South African Fixed Interest9.9%
    Indonesian Fixed Interest9.7%
    Middle East & African Fixed Interest8.7%
    Polish Fixed Interest8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.7%-7.4%-1.3%3.2%-16.3%-
Sector-4%-3.9%1.9%5.8%0%5.1%
Rank within sector184 / 225194 / 224175 / 222163 / 217146 / 170-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.2%-16.2%-6%-10%-
Sector8%-7.3%-0.6%-7%14.7%
Rank within sector143 / 219176 / 203143 / 17395 / 127-
Quartile3rd4th4th3rd
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.
-5.72
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.
1.53
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.
-0.01
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%.
11.79
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.
5.04
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.
-1.19
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.
0.93
Price movement
52 week high87.07
52 week low71.16
Current bid price-
Current offer price-
Current mid price78.52
Region
1Brazil11.94%
2South Africa9.86%
3Indonesia9.67%
4Turkey8.74%
5Poland8.52%
6Mexico8.37%
7Malaysia7.94%
8Colombia7.02%
9Thailand5.87%
Industry sector
1BBB37.57%
2A30.64%
3BB14.47%
4Non-Rated11.08%
5Money Market3.97%
6AAA1.5%
7B0.48%
8AA0.29%
Asset type
1Brazilian Fixed Interest11.94%
2South African Fixed Interest9.86%
3Indonesian Fixed Interest9.67%
4Middle East & African Fixed Interest8.74%
5Polish Fixed Interest8.52%
6Mexican Fixed Interest8.37%
7Malaysian Fixed Interest7.94%
8American Emerging Fixed Interest7.02%
9Thai Fixed Interest5.87%
Individual holdings
1POLAND(STATE TREASURY OF) 5.75% NTS 23/9/22 PLN10004.78%
2BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10002.71%
3REP OF INDONESIA 8.38% BDS 15/03/24 IDR10000002.67%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/19 BRL10002.58%
5BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/17 BRL10002.25%
6COLOMBIA(REPUBLIC OF) 10% BDS 24/07/24 COP1000002.22%
7POLAND(STATE TREASURY OF) 2% BDS 25/04/21 PLN10002.11%
8MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN1002.1%
9MALAYSIA 4.16% NTS 15/07/21 MYR10002.02%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
This sub-fund shall invest a minimum of two-thirds of its total assets in debt securities issued in local currencies by sovereigns, supranational institutions, quasi sovereigns and private borrowers, which are domiciled or exercise the predominant part of their economic activity in an Emerging Market.
Benchmark
  • JP Morgan Emerging Markets Bond Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jacob Jensen30/09/2015
Thorben Velling30/09/2015Thorben Velling holds a Masters Degree from the University of Aarhus and has also studied development economics at the London School of Economics. In his career he has dealt with macroeconomics from different viewpoints, such as macroeconomic prognosis, policy formulation and macroeconomic consequential calculation. He has also been active as a professor. Since 2004 he has been responsible for valuation of European economics at Jyske Bank and since 2007 he has been employed as portfolio manager at Jyske Invest.
Martti Forsberg30/09/2015
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, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
Nordea 1 Emerging Market Local Debt AI Dis SEK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price626.62
CurrencySEK
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF80N
Nordea 1 Emerging Market Local Debt BI DKK
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price557.63
CurrencyDKK
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF29C
Nordea 1 Emerging Market Local Debt BI EUR
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price74.97
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF29B
Nordea 1 Emerging Market Local Debt BI USD
Initial charge3%
Annual charge0.65%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price80.19
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF29A
Nordea 1 Emerging Market Local Debt BP EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price73.41
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF29E
Nordea 1 Emerging Market Local Debt BP USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price78.52
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF29D
Nordea 1 Emerging Market Local Debt E EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.18%
Bid price-
Offer price-
Mid price71.23
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF28Z
Nordea 1 Emerging Market Local Debt E USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.18%
Bid price-
Offer price-
Mid price76.19
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF28Y
Data provided by

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