Fact sheet: OMW Old Mutl LclCurEm Mkt Dt

Fund information
Fund name
OMW Old Mutual Local Currency Emerging Market Debt Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Delphine Arrighisince 21/01/2016
  • John Petasince 30/04/2015
Underlying fund
Old Mutual Ll Cu EM Dt
Fund objective
The OMW Old Mutual Local Currency Emerging Market Debt fund invests solely in the Old Mutual Local Currency Emerging Market Debt fund, a sub-fund of Old Mutual Global Investors Series Plc, an Irish authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to seek to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide and which are primarily denominated in the local currency of the issuer. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree or 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 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 a 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
  • JPM GBI EM Global Diversified
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
23.5%
1 Year rank in sector
143/520
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
105
Bid price
97.7
Offer price
102.8
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus76.2%
ReAssure AL NptRu&GtrRus Pn75%
L&G Nep Russia&Gtr Russia Pn74%
SIP Sanlam Gbl Fin Pn69.8%
OMW InvescoPerpetualEmgEurpn62%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Others14.9%
    Brazil14.4%
    South Africa11.5%
    Mexico9.9%
    Indonesia9.1%
  • BBB48%
    A23.6%
    BB15.6%
    AAA4.2%
    Non-Rated4.1%
  • Global Fixed Interest19.2%
    Brazilian Fixed Interest14.4%
    South African Fixed Interest11.5%
    Mexican Fixed Interest9.9%
    Indonesian Fixed Interest9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%5.1%0.7%23.5%18%-2.8%
Sector1.8%4.3%4%16.2%23.9%41.7%
Rank within sector112 / 551191 / 546389 / 541143 / 520223 / 386309 / 323
Quartile1st2nd3rd2nd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund2.8%28%-10.4%-3.9%-15.2%
Sector2.1%11.6%2%7.2%11%
Rank within sector139 / 54735 / 511444 / 447375 / 384357 / 357
Quartile2nd1st4th4th4th
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.
-3.63
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.
1.3
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.
0.1
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%.
13.99
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.
11.73
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.
-0.19
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.
0.31
Price movement
52 week high102.6
52 week low79.1
Current bid price97.7
Current offer price102.8
Current mid price-
Region
1Others14.9%
2Brazil14.4%
3South Africa11.5%
4Mexico9.9%
5Indonesia9.1%
6Colombia8.8%
7Russia7.8%
8Turkey6.9%
9Poland6.1%
Industry sector
1BBB48%
2A23.6%
3BB15.6%
4AAA4.2%
5Non-Rated4.1%
6B3.4%
7Money Market0.9%
8AA0.2%
Asset type
1Global Fixed Interest19.2%
2Brazilian Fixed Interest14.4%
3South African Fixed Interest11.5%
4Mexican Fixed Interest9.9%
5Indonesian Fixed Interest9.1%
6American Emerging Fixed Interest8.8%
7Russian Fixed Interest7.8%
8Middle East & African Fixed Interest6.9%
9Polish Fixed Interest6.1%
Individual holdings
1NOTA DO TESOURO NACIONAL, 10.0%5.8%
2BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10004.1%
3COLOMBIA(REPUBLIC OF) 7.5% BDS 26/08/26 COP10003%
4RUSSIA GOVT BOND - OFZ 7.60 14/04/20212.7%
5INTERNATIONAL FINANCE CORP 6.3% SYNTHETIC INR NTS 25/11/24 INR100002.6%
6SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)2.5%
7SOUTH AFRICA(REPUBLIC OF) 7% BDS 28/02/31 ZAR12.3%
8HUNGARY GOVERNMENT BOND2.2%
9INDONESIA(REPUBLIC OF) 8.375% BDS 15/03/34 IDR10002.2%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Old Mutual Local Currency Emerging Market Debt fund invests solely in the Old Mutual Local Currency Emerging Market Debt fund, a sub-fund of Old Mutual Global Investors Series Plc, an Irish authorised Investment Company with Variable Capital managed by Old Mutual Global Investors (UK) Limited. The aim of the underlying fund is to seek to achieve total return through investment in a well-diversified portfolio of fixed and variable rate debt securities issued in the Emerging Markets worldwide and which are primarily denominated in the local currency of the issuer. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree or 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 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 a 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
  • JPM GBI EM Global Diversified
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Delphine Arrighi21/01/2016
John Peta30/04/2015John Peta joined OMGI as Head of Emerging Market Debt in March 2015. John brings a wealth of industry knowledge and experience to the business. John previously worked at Threadneedle Asset Management, London where he was Fund Manager, Head of Emerging Market Debt since 2012. John started his career in Fixed Income in 1987 at Merrill Lynch, Seattle, before joining Chancellor LGT Asset Management, San Francisco in 1994. John began specialising in managing dedicated emerging market (external and local) debt assets when he joined Standish Mellon Asset Management, Boston in 1997, moving to Acadian Asset Management, Boston in 2007 to assist in the launch of an emerging market local currency debt product.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Local Currency Emerging Market Debt Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.47%
Bid price97.7
Offer price102.8
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFR3
OMW Old Mutual Local Currency Emerging Market Debt SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price107.4
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFR4
Data provided by

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