Fact sheet: Pictet Lat Am Lcl Cur Dt

Fund information
Fund name
Pictet Latin American Local Currency Debt I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Mary Therese Bartonsince 19/11/2007
  • Simon Lue-Fongsince 19/11/2007
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of bonds and other debt instruments denominated in the local currency of emerging Latin American markets.
Benchmark
  • JPM GBI-EM Global Latin America
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
44%
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.
0.98%
Fund size
£226m (£534m 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.
108
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$56.8%
Pictet Lat Am Lcl Cur Dt44%
Old Mutual Em Mt Dt38.4%
SEI Emg Mkts Dt37.7%
Aviva Investors Emg Mkts Bd37.7%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil48.5%
    Mexico33.9%
    Colombia11.1%
    Peru3%
    Argentina2.3%
  • BB48.5%
    A36.9%
    BBB11.1%
    B2.3%
    CCC0.6%
  • Brazilian Fixed Interest48.5%
    Mexican Fixed Interest33.9%
    American Emerging Fixed Interest14.1%
    Peruvian Fixed Interest3%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.7%21.2%44%9.1%7.6%
Sector0.4%4%8.6%13.7%3.8%14.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund36.6%-18.1%3.1%-12.4%4.5%
Sector13.2%-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.
0.4
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.
1.62
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%.
16.36
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.
11.66
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.
0.08
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.
0.55
Price movement
52 week high100.46
52 week low69.02
Current bid price-
Current offer price-
Current mid price97.58
Region
1Brazil48.5%
2Mexico33.87%
3Colombia11.12%
4Peru2.99%
5Argentina2.31%
6Venezuela0.63%
7Money Market0.4%
8Chile0.16%
9USA0.02%
Industry sector
1BB48.5%
2A36.86%
3BBB11.12%
4B2.31%
5CCC0.63%
6Non-Rated0.42%
7AA0.16%
Asset type
1Brazilian Fixed Interest48.5%
2Mexican Fixed Interest33.87%
3American Emerging Fixed Interest14.06%
4Peruvian Fixed Interest2.99%
5Money Market0.4%
6Chilean Fixed Interest0.16%
7US Fixed Interest0.02%
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 bonds and other debt instruments denominated in the local currency of emerging Latin American markets.
Benchmark
  • JPM GBI-EM Global Latin America
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mary Therese Barton19/11/2007Mary-Thérèse Barton joined Pictet Asset Management's Fixed Income team in 2004 as an Emerging Debt Analyst and since 2005 has been an Investment Manager responsible for global emerging market portfolios. Before joining Pictet she worked at Dun & Bradstreet, where she was an economist responsible for analysing European countries. Mary-Thérèse graduated with a BA (Hons) in Philosophy, Politics and Economics from Balliol College, Oxford. She also holds an MSc with distinction in Development Finance from the Centre for Financial Management Studies, SOAS (School of Oriental and African Studies), part of the University of London. Mary-Thérèse is also a Chartered Financial Analyst (CFA) charterholder.
Simon Lue-Fong19/11/2007Simon 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 Latin American Local Currency Debt HI EUR
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price90.67
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJRY
Pictet Latin American 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 price114.12
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3N1
Pictet Latin American 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)0.98%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price97.58
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4SK
Pictet Latin American 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)0.98%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price126.76
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3N0
Pictet Latin American 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)0.98%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price87.89
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKYS7
Pictet Latin American Local Currency Debt P CHF
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price116.77
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF32Q
Pictet Latin American 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)1.58%
Bid price-
Offer price-
Mid price108.05
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3N3
Pictet Latin American Local Currency Debt P USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price120
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3N2
Pictet Latin American Local Currency Debt P dm HKD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price462.24
CurrencyHKD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0CW
Pictet Latin American 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)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price59.08
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIFC3
Pictet Latin American 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 price56.04
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCHP3
Pictet Latin American 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)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price70.33
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBYS2
Pictet Latin American 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)2.13%
Bid price-
Offer price-
Mid price102.88
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3N5
Pictet Latin American Local Currency Debt R USD
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price114.29
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC3N4
Pictet Latin American Local Currency Debt R dm 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)2.13%
Bid price-
Offer price-
Mid price77.86
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF3QA
Pictet Latin American 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 price135.85
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSY4
Pictet Latin American Local Currency Debt Z dy USD
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price110.16
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCPO
Data provided by

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