Fact sheet: Pictet EUR Bonds

Fund information
Fund name
Pictet EUR Bonds R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Andres Sanchez Balcazarsince 31/05/2011
  • Mickael Benhaimsince 21/06/2007
  • David Boppsince 01/01/2009
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its assets in a diversified portfolio of bonds denominated in EUR. The investments may be made in all markets.
Benchmark
  • Barclays Euro-Agg Composite
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2%
1 Year rank in sector
11/34
Sector
FO Fixed Int - EUR
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.
1.24%
Fund size
£858m (£538m 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
Schroder ISF EURCrConv5.5%
Union Quoniam Sel SICV€Cr3.9%
BNP Paribas FlxSecuritisation3.7%
Morg Stnly Euro Stragic Bd3.3%
CS 1Lux Ctgt Cap Eur3.3%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Others18.4%
    Germany15.1%
    Italy15.1%
    France14.4%
    Spain9.9%
  • BBB35.3%
    AAA20%
    AA17.8%
    A10.3%
    Non-Rated7.1%
  • Global Fixed Interest18.4%
    German Fixed Interest15.1%
    Italian Fixed Interest15.1%
    French Fixed Interest14.4%
    Spanish Fixed Interest9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-3.8%-1.3%2%15.4%33.4%
Sector-1%-1.9%-0.1%1.4%9.7%24.2%
Rank within sector29 / 3429 / 3526 / 3511 / 345 / 307 / 26
Quartile4th4th3rd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.6%0.6%11.9%0.4%13.4%
Sector1.8%0%7.7%1.5%10.2%
Rank within sector12 / 3413 / 333 / 3123 / 287 / 26
Quartile2nd2nd1st4th2nd
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.
-0.43
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.
1.7
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.
0.28
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%.
4.24
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.
2.09
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.
0.78
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.
0.91
Price movement
52 week high539.32
52 week low502.39
Current bid price-
Current offer price-
Current mid price516.33
Region
1Others18.38%
2Germany15.13%
3Italy15.09%
4France14.38%
5Spain9.9%
6USA8.17%
7Money Market6.4%
8Netherlands4.5%
9UK4.31%
Industry sector
1BBB35.3%
2AAA20%
3AA17.75%
4A10.29%
5Non-Rated7.05%
6BB7.02%
7B2.24%
8CCC0.35%
Asset type
1Global Fixed Interest18.38%
2German Fixed Interest15.13%
3Italian Fixed Interest15.09%
4French Fixed Interest14.38%
5Spanish Fixed Interest9.9%
6US Fixed Interest8.17%
7Money Market6.4%
8Dutch Fixed Interest4.5%
9UK Fixed Interest4.31%
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 assets in a diversified portfolio of bonds denominated in EUR. The investments may be made in all markets.
Benchmark
  • Barclays Euro-Agg Composite
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andres Sanchez Balcazar31/05/2011Andres Sanchez Balcazar is Co-Head of the Global and Regional Bond team. He joined Pictet Asset Management in March 2011 from Western Asset Management where he was one of the senior portfolio managers responsible for global macro, asset and currency allocation. Before Western Asset Management, Andres spent five years with Mercury/Merrill Lynch Investment Managers.
Mickael Benhaim21/06/2007Mickael Benhaim joined Pictet Asset Management's Fixed Income team in 2006 as Head of Global Bonds. He is a member of the credit and absolute return committee. Before joining Pictet, he was Head of Euro Aggregate Fixed Income for AXA Investment Managers where he worked for five years. Mickael has more than 15 years' professional experience that includes working at the Dresdner Group and BNP Paribas Group. Mickael holds a MSc in Mathematics and a degree in stochastic models from the University of Paris Jussieu and Paris Panthéon-Sorbonne.
David Bopp01/01/2009David Bopp joined Pictet Asset Management in 2004 and is an Investment Manager with responsibility for absolute return products. Before joining Pictet, he spent three years in portfolio management at UBS. David holds a degree in Economics from the HEC Business School in Lausanne and is a Chartered Financial Analyst (CFA) charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Peru, Portugal, Singapore, Sweden
Pictet EUR Bonds HI CHF
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price751.91
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB8X3
Pictet EUR Bonds HI JPY
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price79684
CurrencyJPY
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQVO
Pictet EUR Bonds HI USD
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price711.85
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQVJ
Pictet EUR Bonds HP CHF
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price712.5
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8X4
Pictet EUR Bonds HZ CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.53
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2ZB
Pictet EUR Bonds I
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price571.93
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeXV93
Pictet EUR Bonds I JPY
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price69939
CurrencyJPY
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJES
Pictet EUR Bonds J EUR
Initial charge-
Annual charge0.34%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price595.57
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9XZ
Pictet EUR Bonds P
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price541.99
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV38
Pictet EUR Bonds P DY
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price329.92
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeXV94
Pictet EUR Bonds R
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price516.33
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV95
Pictet EUR Bonds Z
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price596.87
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSU0
Data provided by

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