Fact sheet: OMW Investec EmgMkts LclCrDt

Fund information
Fund name
OMW Investec Emerging Markets Local Currency Debt Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Peter Eerdmanssince 30/11/2007
  • Werner Gey van Pittiussince 01/12/2012
Underlying fund
Investec EmgMkLcCurDt
Fund objective
The OMW Investec Emerging Markets Local Currency Debt fund invests solely in the Investec Emerging Markets Local Currency Debt fund, a sub-fund of Investec Fund Series iii, a UK authorised Open- Ended Investment Company, managed by Investec Fund Managers Limited. The aim of the underlying fund is to achieve long term total returns primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers, which are typically countries that are classified as low or medium income by the World Bank, and in associated derivatives. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.8%
1 Year rank in sector
14/20
Sector
PN Global High Yield
Yield
-
Fund size
£1m (£1m 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.
109
Bid price
93.3
Offer price
98.2
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn35%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.4%
Canlife Tndle Emg Mkt Bond Pn28.6%
LV= Investec Emg Mkts Debt Pn25.8%
OMW Old Mutual Emg Mkt Dt25.8%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • Turkey13.4%
    Indonesia12.2%
    Brazil10.6%
    Mexico8.3%
    Russia7.7%
  • Debt89.1%
    Mutual Funds6.3%
    Money Market2.1%
    Investment Grade Corporate Bonds1%
    Index Linked0.7%
  • Middle East & African Fixed Interest13.4%
    Indonesian Fixed Interest12.2%
    Brazilian Fixed Interest10.6%
    Mexican Fixed Interest8.3%
    American Emerging Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-8.4%-3.4%9.6%19.8%3.3%-1.5%
Sector-3.9%-0.3%9.4%18%13.8%25.3%
Rank within sector20 / 2120 / 2115 / 2114 / 2015 / 1610 / 11
Quartile4th4th3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund20.5%-13.3%-0.9%-13.2%11.5%
Sector18.9%-5.8%1.8%-3.4%13.7%
Rank within sector14 / 2016 / 1813 / 1612 / 146 / 11
Quartile3rd4th4th4th3rd
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.
-5.32
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.
1.66
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
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%.
14.62
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.
6.43
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.
-0.47
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.
0.95
Price movement
52 week high106.3
52 week low74.1
Current bid price93.3
Current offer price98.2
Current mid price-
Region
1Turkey13.4%
2Indonesia12.2%
3Brazil10.6%
4Mexico8.3%
5Russia7.7%
6Poland7.4%
7Colombia6.6%
8Malaysia6.6%
9Luxembourg4.8%
Industry sector
1Debt89.1%
2Mutual Funds6.3%
3Money Market2.1%
4Investment Grade Corporate Bonds1%
5Index Linked0.7%
6Foreign Exchange0.6%
7Government Bonds0.5%
8Others-0.3%
Asset type
1Middle East & African Fixed Interest13.4%
2Indonesian Fixed Interest12.2%
3Brazilian Fixed Interest10.6%
4Mexican Fixed Interest8.3%
5American Emerging Fixed Interest7.8%
6Russian Fixed Interest7.7%
7Polish Fixed Interest7.4%
8Malaysian Fixed Interest6.6%
9Luxembourg Fixed Interest4.8%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005.6%
2TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10003.7%
3INVESTEC INVESTMENT GRADE CORPORATE BOND S GR ACC USD3.4%
4POLAND(STATE TREASURY OF) 1.5% BDS 25/04/20 PLN10002.2%
5POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10002.1%
6TURKEY(REPUBLIC OF) 8.3% BDS 20/06/18 TRY1002%
7RUSSIAN FEDERATION MINISTRY FINANCE 6.2% BDS 31/01/18 RUB10001.9%
8RUSSIAN FEDERATION MINISTRY FINANCE 7.4% BDS 19/04/17 RUB10001.8%
9INTER AMERICAN DEVELOPMENT BANK 7.35% NTS 12/09/18 IDR100000001.7%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Investec Emerging Markets Local Currency Debt fund invests solely in the Investec Emerging Markets Local Currency Debt fund, a sub-fund of Investec Fund Series iii, a UK authorised Open- Ended Investment Company, managed by Investec Fund Managers Limited. The aim of the underlying fund is to achieve long term total returns primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers, which are typically countries that are classified as low or medium income by the World Bank, and in associated derivatives. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • JP Morgan GBI EM Global Diversified
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Eerdmans30/11/2007Peter is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Werner Gey van Pittius for all global emerging market debt strategies. Peter is also responsible for Asian markets within the team. Peter joined Investec Asset Management in 2005 from Watson Wyatt, where he was responsible for bond and currency manager research. Prior to his time at Watson Wyatt, he spent six years as a senior portfolio manager responsible for global bond management at Robeco, where he helped develop the credit process and lead on numerous projects improving the process and tools of the department. He graduated in 1995 with a Masters degree in Econometrics from Erasmus University Rotterdam.
Werner Gey van Pittius01/12/2012Werner is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Peter Eerdmans for all global emerging market debt strategies. Werner is also responsible for the former CIS, Middle Eastern and African markets within the team. He moved to London from Cape Town where he was a fixed income quantitative analyst and managed Investec Asset Management’s asset and liability matching book. Prior to Investec Asset Management, Werner played professional rugby in concurrence with academic programmes. Werner holds a Bachelor of Commerce (Insurance Science) degree from the University of Pretoria, a Bachelor of Commerce (Honours) degree in Financial Economics from the University of Stellenbosch and a Master of Science degree in Applied Statistics from Oxford University. In addition, Werner obtained the Society of Technical Analysts diploma and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2006.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Investec Emerging Markets Local Currency Debt Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.28%
Bid price93.3
Offer price98.2
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1J5
OMW Investec Emerging Markets Local Currency Debt SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price103.2
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1J6
Data provided by

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