Fact sheet: Pictet Asn Lcl Cur Dt

Fund information
Fund name
Pictet Asian Local Currency Debt I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Wee Ming Tingsince 30/09/2007
  • Philippe Petitsince 30/09/2007
  • Simon Lue-Fongsince 25/06/2006
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of local-currency bonds issued in emerging Asian markets.
Benchmark
  • JPM JADE BROAD ASIA DIVERSIFIED COMPOSITE
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
23.1%
1 Year rank in sector
-
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.
0.99%
Fund size
£732m (£860m 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.
75
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35%
Rubrics Ind Fxd Inc UCITS32%
Pictet Lat Am Lcl Cur Dt31.8%
Schroder ISF EmgMktBd31.7%
Old Mutual Em Mt Dt29.2%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Korea14.3%
    Malaysia14%
    Indonesia13.5%
    Money Market12%
    India11.6%
  • BBB28.8%
    AA22.8%
    A14.2%
    BB13.2%
    Non-Rated11.6%
  • South Korean Fixed Interest14.3%
    Malaysian Fixed Interest14%
    Indonesian Fixed Interest13.5%
    Money Market12%
    Indian Fixed Interest11.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.2%-1.2%12.8%23.1%34.3%28.4%
Sector-3.4%-3.8%1.7%6.9%0.6%6.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund20.9%2.4%10%-9.3%3.1%
Sector8.9%-7.3%-0.6%-7%14.7%
Rank within sector-----
Quartile
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.
11.07
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.
0.65
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.
0.64
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%.
11.04
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.
10.18
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.
1.05
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.
0.19
Price movement
52 week high133.79
52 week low98.76
Current bid price-
Current offer price-
Current mid price123.47
Region
1Korea14.25%
2Malaysia13.95%
3Indonesia13.47%
4Money Market11.96%
5India11.56%
6China8.22%
7Singapore8.22%
8Thailand7.59%
9Philippines6.46%
Industry sector
1BBB28.81%
2AA22.82%
3A14.15%
4BB13.2%
5Non-Rated11.56%
6AAA8%
7B1.47%
Asset type
1South Korean Fixed Interest14.25%
2Malaysian Fixed Interest13.95%
3Indonesian Fixed Interest13.47%
4Money Market11.96%
5Indian Fixed Interest11.56%
6Chinese Fixed Interest8.22%
7Singapore Fixed Interest8.22%
8Thai Fixed Interest7.59%
9Philippine Fixed Interest6.46%
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of local-currency bonds issued in emerging Asian markets.
Benchmark
  • JPM JADE BROAD ASIA DIVERSIFIED COMPOSITE
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Wee Ming Ting30/09/2007Wee-Ming Ting joined Pictet Asset Management in 2007 as Head of the Asian Fixed Income team in Singapore. Before joining Pictet he worked as a Senior Portfolio Manager for the Investment Company of the People's Republic of China where he managed a range of fixed income portfolios including Emerging Market Sovereigns, Corporate and Asset Backed Securities. Previously he spent two years at the State Administration of Foreign Exchange covering USD Fixed Income and Corporate Credit, following an initial period spent at the Investment Company of the PRC as a Forex and Fixed Income Portfolio Manager. Wee-Ming started his career as a Forex Trader with UBS in Singapore. Wee-Ming graduated with a degree in Electrical & Electronic Engineering from Nanyang Technological University (Singapore) and holds a Master¿s degree with distinctions in Public Policy & Management at the University of York (UK). He is also a Chartered Financial Analyst (CFA) charterholder and a certified Financial Risk Manager (FRM) of the Global Association of Risk Professionals (GARP).
Philippe Petit30/09/2007Philippe Petit joined Pictet & Cie as a Senior Emerging Markets Trader in 2003 with responsibility for advice and execution for the private banking and asset management units. He transferred to Pictet Asset Management in 2005 where he became a specialist in trading emerging market bonds and currencies. In addition he helped manage the cash flows, auctions and new issue process with the emerging market fixed income team. He is now an Investment Manager based in Singapore. Before joining Pictet he worked for nearly six years at UFJ International plc in London with responsibility for market-making and proprietary trading in the fixed income department. For the previous three years he worked for Crédit Lyonnais in Paris and London. Philippe obtained a degree in Business Studies from the Ecole Supérieure de Commerce de Marseille in France.
Simon Lue-Fong25/06/2006Simon Lue-Fong joined Pictet Asset Management in 2005 as a Senior Investment Manager and Head of Global Emerging Debt with responsibility for investment management, product development and client relations. He has been an investment manager since 1991. His first role was managing Global Bond and Currencies. In 1996 he set up an Emerging Markets Debt business in external debt and local currency at Fischer Francis Trees & Watts. Before joining Pictet he worked for Standard Asset Management and INVESCO in their respective Emerging Markets Debt teams. Simon graduated from Bournemouth University with a BA (Hons) degree in Finance.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Asian Local Currency Debt HP EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price103.07
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0D6M
Pictet Asian Local Currency Debt I EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price145.05
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3M2
Pictet Asian Local Currency Debt I GBP
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price123.47
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRG2
Pictet Asian Local Currency Debt I USD
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price155.44
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ635
Pictet Asian Local Currency Debt I dy USD
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price129.53
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMHH9
Pictet Asian Local Currency Debt P EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price135.8
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3M3
Pictet Asian Local Currency Debt P USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price145.52
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ634
Pictet Asian Local Currency Debt P dm USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price132.2
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJSLK
Pictet Asian Local Currency Debt P dy GBP
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price90.02
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCHO8
Pictet Asian Local Currency Debt P dy USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price111.59
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQ633
Pictet Asian Local Currency Debt R EUR
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price128.17
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3M4
Pictet Asian Local Currency Debt R USD
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price137.34
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ632
Pictet Asian Local Currency Debt Z USD
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.18%
Bid price-
Offer price-
Mid price168.51
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSX7
Pictet Asian Local Currency Debt Z dy USD
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.18%
Bid price-
Offer price-
Mid price140.11
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFFGD
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