Fact sheet: Nordea 1 Latin Amer Eq

Fund information
Fund name
Nordea 1 Latin American Equity BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Scott Pipersince 01/12/2009
Fund objective
The fund aims to outperform the MSCI LatAm 10/40 Index over a three year period through an active top-down and bottom-up, fundamentally oriented investment approach combined with local market insights. The top-down analysis mainly determines country allocation, while the bottom-up analysis has a greater impact on stock picking inside a given country. The most important source of excess return will be stock-picking. The fund is not restricted to stocks which can be qualified as either value or growth. It has a target excess return of 3% per annum above the benchmark and an ex-ante tracking error of ± 6% per annum. The portfolio will hold on average 40-60 stocks, with no short selling allowed. The manager seeks to remain fully invested with a max cash position of 5% although usually this figure will be less than 2%.
Benchmark
  • MSCI EM Latin America 10/40
Investment style
Passive/Tracking,Growth
Investment method
Shares, Physical – Sampled/Optimised
Quick stats
1 Year return
23.5%
1 Year rank in sector
26/43
Sector
FO Equity - Latin America
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.
1.98%
Fund size
£33m (£17m 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.
162
Top in this sector
Fund name1 Year
BNY Mellon Brazil Equity79.8%
UBS (L)EqSIC-Brazil$58.3%
Bradesco Brz EqMd Sm Cps55.2%
Parvest Equity Brazil53%
Templeton Latin Amer52.3%
...more in FO Equity - Latin America

Performance snapshot

Holdings snapshot

  • Brazil58.4%
    Mexico26.3%
    Chile5.2%
    Money Market4.1%
    Peru3.4%
  • Financials29.8%
    Consumer Staples14.6%
    Materials11.8%
    Energy10.2%
    Utilities8.6%
  • Brazilian Equities58.4%
    Mexican Equities26.3%
    Chilean Equities5.2%
    Money Market4.1%
    Peruvian Equity3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%11.9%13.1%23.5%-12.2%-0.5%
Sector-1.8%12%15.7%27.2%-26.3%-25.3%
Rank within sector15 / 4325 / 4328 / 4326 / 436 / 402 / 34
Quartile2nd3rd3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund24.2%-24.8%-1.7%-12.6%16.2%
Sector29.2%-31.7%-12.5%-14%7.7%
Rank within sector30 / 4310 / 435 / 4012 / 377 / 34
Quartile3rd1st1st2nd1st
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.
4.74
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.
0.84
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%.
21.26
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.
8.03
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.
0.75
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.
0.89
Price movement
52 week high10.15
52 week low6.76
Current bid price-
Current offer price-
Current mid price9.66
Region
1Brazil58.37%
2Mexico26.25%
3Chile5.16%
4Money Market4.06%
5Peru3.44%
6Colombia2.15%
7Argentina0.56%
Industry sector
1Financials29.82%
2Consumer Staples14.61%
3Materials11.83%
4Energy10.21%
5Utilities8.61%
6Industrials8.04%
7Consumer Discretionary5.66%
8Telecommunications Utilities4.37%
9Money Market4.06%
Asset type
1Brazilian Equities58.37%
2Mexican Equities26.25%
3Chilean Equities5.16%
4Money Market4.06%
5Peruvian Equity3.44%
6American Emerging Equities2.71%
Individual holdings
1ITAU UNIBANCO HLDG SA5.03%
2BANCO BRADESCO SA4.4%
3ITAU UNIBANCO HLDG SA3.69%
4FOMENTO ECONOMICO MEXCANO SAB DE CV3.66%
5CREDICORP3.44%
6PETROLEO BRASILEIRO SA PETROBRAS3.23%
7GRUPO FINANCIERO BANORTE SAB DE CV2.74%
8ALFA SAB DE CV2.32%
9BANCO BRADESCO SA ADR EACH REPR 1 PRF NPV SPON2.32%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund aims to outperform the MSCI LatAm 10/40 Index over a three year period through an active top-down and bottom-up, fundamentally oriented investment approach combined with local market insights. The top-down analysis mainly determines country allocation, while the bottom-up analysis has a greater impact on stock picking inside a given country. The most important source of excess return will be stock-picking. The fund is not restricted to stocks which can be qualified as either value or growth. It has a target excess return of 3% per annum above the benchmark and an ex-ante tracking error of ± 6% per annum. The portfolio will hold on average 40-60 stocks, with no short selling allowed. The manager seeks to remain fully invested with a max cash position of 5% although usually this figure will be less than 2%.
Benchmark
  • MSCI EM Latin America 10/40
Investment style
Passive/Tracking,Growth
Investment method
Shares, Physical – Sampled/Optimised
Fund managers
NameSinceBiography
Scott Piper01/12/2009Scott is a portfolio manager for the Latin American Equity portfolio. He joined Morgan Stanley in 2002 and has 13 years of investment experience. Prior to joining the firm, Scott was a portfolio manager at Deltec Asset Management. Scott received a B.A. in international relations from Tulane University and an M.B.A. in international finance from the IESE Business School.
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, Singapore, Sweden
Nordea 1 Latin American Equity AP EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)2.22%
Bid price-
Offer price-
Mid price9.33
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF7ZP
Nordea 1 Latin American Equity BI EUR
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price10.6
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC6W1
Nordea 1 Latin American Equity BI NOK
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price96.69
CurrencyNOK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVFP
Nordea 1 Latin American Equity BI USD
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.88
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8FA
Nordea 1 Latin American Equity BP DKK
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price71.96
CurrencyDKK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8FB
Nordea 1 Latin American Equity BP EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price9.66
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6V7
Nordea 1 Latin American Equity BP NOK
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price88.11
CurrencyNOK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6V9
Nordea 1 Latin American Equity BP SEK
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price93.03
CurrencySEK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6V8
Nordea 1 Latin American Equity BP USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.83
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8FC
Nordea 1 Latin American Equity E EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)3.01%
Bid price-
Offer price-
Mid price9.01
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6W0
Nordea 1 Latin American Equity E PLN
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)3.01%
Bid price-
Offer price-
Mid price38.65
CurrencyPLN
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRY1
Nordea 1 Latin American Equity E USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8FD
Nordea 1 Latin American Equity HE PLN
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)3%
Bid price-
Offer price-
Mid price39.59
CurrencyPLN
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRY2
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