Fact sheet: Pictet EUR Govt Bonds

Fund information
Fund name
Pictet EUR Government Bonds R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • David Boppsince 31/05/2011
  • Mickael Benhaimsince 21/06/2007
  • Andres Sanchez Balcazarsince 31/05/2011
Fund objective
The sub-fund seeks capital growth by investing its total assets in a diversified portfolio of bonds mainly issued or guaranteed by national or local governments or by supranational bodies. Investments not denominated in EUR will generally be hedged.
Benchmark
  • JPM EMU GOVERNMENT BOND INVESTMENT GRADE COMP.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.5%
1 Year rank in sector
12/22
Sector
FO Fixed Int - EUR Government
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.
0.79%
Fund size
£757m (£1,183m 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.
31
Top in this sector
Fund name1 Year
Vanguard 20+ Year € Trs Idx5.7%
BlueBay Inv Grd € Govt Bd4.9%
JI Income Strategy CL2.4%
SSgA EurCoreTsryBdIx2.3%
Macquarie EurGovBd2.2%
...more in FO Fixed Int - EUR Government

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-3.7%-1.7%1.5%15.5%32.4%
Sector-2.3%-4.3%-2.2%1%13.5%26.8%
Rank within sector11 / 2314 / 2313 / 2312 / 229 / 208 / 18
Quartile2nd3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.1%0.6%12.6%1.2%10.7%
Sector1.5%0.4%11.4%1%8.7%
Rank within sector11 / 2212 / 229 / 2011 / 194 / 18
Quartile2nd3rd2nd3rd1st
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.
0.38
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.
1.03
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.
0.27
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%.
4.56
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.
0.9
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.
0.56
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.
0.96
Price movement
52 week high161.41
52 week low151.22
Current bid price-
Current offer price-
Current mid price154.57
Region
1Europe100%
Industry sector
1BBB36.4%
2AA35.17%
3AAA25.89%
4A2.1%
5Non-Rated0.45%
Asset type
1European Fixed Interest100%
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 its total assets in a diversified portfolio of bonds mainly issued or guaranteed by national or local governments or by supranational bodies. Investments not denominated in EUR will generally be hedged.
Benchmark
  • JPM EMU GOVERNMENT BOND INVESTMENT GRADE COMP.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Bopp31/05/2011David 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.
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.
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.
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, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden
Pictet EUR Government Bonds HI CHF
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.44%
Bid price-
Offer price-
Mid price144.61
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB8X9
Pictet EUR Government Bonds HI dy GBP
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.35%
Bid price-
Offer price-
Mid price121.26
CurrencyGBP
Price updated11/01/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQVQ
Pictet EUR Government Bonds HJ dy GBP
Initial charge5%
Annual charge0.2%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)0.31%
Bid price-
Offer price-
Mid price121.7
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQVR
Pictet EUR Government Bonds HP CHF
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price141.26
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8Y0
Pictet EUR Government Bonds HZ CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.65
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2ZC
Pictet EUR Government Bonds I
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.39%
Total expense ratio (TER)0.39%
Bid price-
Offer price-
Mid price161.62
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ624
Pictet EUR Government Bonds I dy
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.39%
Total expense ratio (TER)0.39%
Bid price-
Offer price-
Mid price148.23
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC4A
Pictet EUR Government Bonds J
Initial charge5%
Annual charge0.2%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.35%
Bid price-
Offer price-
Mid price161.73
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQVT
Pictet EUR Government Bonds P
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price157.87
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ623
Pictet EUR Government Bonds P DY
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price112.11
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQ622
Pictet EUR Government Bonds R
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price154.57
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ621
Pictet EUR Government Bonds Z
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price166.76
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSX3
Data provided by

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