Fact sheet: Pictet Sht Tm Emrg CorpBds

Fund information
Fund name
Pictet Short Term Emerging Corporate Bonds R USD
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund manager
  • Alain Defisesince 13/05/2014
Fund objective
The sub-fund will invest mostly in bonds and debt securities issued or guaranteed by private or public companies (such as public establishments and/or companies that are majority held by the State or its local authorities) and whose registered headquarters are located in, or that conduct the majority of their business in, an emerging country, with a maximum maturity of 6 years. The residual duration of the portfolio will not exceed 3 years.
Benchmark
  • JPM Cembi Broad Diversified 1-3Y
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
160/218
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.
1.84%
Fund size
£656m (£199m 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$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others31.6%
    China12.8%
    Brazil10.3%
    Russia8.9%
    India7.1%
  • BB36.7%
    BBB31%
    B15.5%
    Non-Rated11.3%
    A4.4%
  • Global Fixed Interest31.6%
    Chinese Fixed Interest12.8%
    Brazilian Fixed Interest10.3%
    Russian Fixed Interest8.9%
    Indian Fixed Interest7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-0.6%0.9%3.2%--
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector20 / 22744 / 225147 / 223160 / 218--
Quartile1st1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.6%1.5%---
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector202 / 22022 / 203---
Quartile4th1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high106.36
52 week low101.06
Current bid price-
Current offer price-
Current mid price105.08
Region
1Others31.58%
2China12.84%
3Brazil10.3%
4Russia8.88%
5India7.1%
6Money Market6.88%
7Turkey6.02%
8Mexico5.88%
9Indonesia5.81%
Industry sector
1BB36.71%
2BBB30.97%
3B15.48%
4Non-Rated11.3%
5A4.38%
6CCC0.82%
7AA0.34%
Asset type
1Global Fixed Interest31.58%
2Chinese Fixed Interest12.84%
3Brazilian Fixed Interest10.3%
4Russian Fixed Interest8.88%
5Indian Fixed Interest7.1%
6Money Market6.88%
7Middle East & African Fixed Interest6.02%
8Mexican Fixed Interest5.88%
9Indonesian Fixed Interest5.81%
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 will invest mostly in bonds and debt securities issued or guaranteed by private or public companies (such as public establishments and/or companies that are majority held by the State or its local authorities) and whose registered headquarters are located in, or that conduct the majority of their business in, an emerging country, with a maximum maturity of 6 years. The residual duration of the portfolio will not exceed 3 years.
Benchmark
  • JPM Cembi Broad Diversified 1-3Y
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Alain Defise13/05/2014Vice President is a senior portfolio manager within the Emerging Markets Debt team. In this role, Alain is responsible for identifying credit opportunities and managing corporate exposures in emerging market portfolios. Prior to joining the firm in October 2009, Alain spent nine years at Fortis Investments, holding various corporate credit roles in London, Paris and Brussels. Most recently, Alain served as a senior portfolio manager within Emerging Markets Fixed Income, managing corporate allocations across a range of emerging market bond funds. Before this, he worked as a senior credit analyst, focusing on the high yield market, and as a credit analyst, specializing in investment grade corporate debt. Previously, Alain spent four years as a financial control analyst at Citigroup (Brussels). Alain holds a master's degree in business engineering from the Ecole de Commerce Solvay (Belgium) and a diploma in finance analysis from the European Federation of Financial Analysts (EFFAS).
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, Cayman Islands, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet Short Term Emerging Corporate Bonds A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK1C
Pictet Short Term Emerging Corporate Bonds HI CHF
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price92.88
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ8S
Pictet Short Term Emerging Corporate Bonds HI EUR
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price77.24
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ8T
Pictet Short Term Emerging Corporate Bonds HI dy EUR
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price77.23
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE8BG
Pictet Short Term Emerging Corporate Bonds HP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK1D
Pictet Short Term Emerging Corporate Bonds HP CHF
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price91.58
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ8Y
Pictet Short Term Emerging Corporate Bonds HP EUR
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price76.16
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ8X
Pictet Short Term Emerging Corporate Bonds HR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK1E
Pictet Short Term Emerging Corporate Bonds HR CHF
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price90.44
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ8Z
Pictet Short Term Emerging Corporate Bonds HR EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price75.19
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ9A
Pictet Short Term Emerging Corporate Bonds HR dm EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price69.39
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKJP
Pictet Short Term Emerging Corporate Bonds HZ
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK1F
Pictet Short Term Emerging Corporate Bonds I JPY
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price12299
CurrencyJPY
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJRL
Pictet Short Term Emerging Corporate Bonds I USD
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price107.93
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ8D
Pictet Short Term Emerging Corporate Bonds I dy USD
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price102.77
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJ8E
Pictet Short Term Emerging Corporate Bonds P USD
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price106.43
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ8H
Pictet Short Term Emerging Corporate Bonds P dy USD
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price102.11
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ8I
Pictet Short Term Emerging Corporate Bonds R USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price105.08
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ8M
Pictet Short Term Emerging Corporate Bonds Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.12%
Bid price-
Offer price-
Mid price109.81
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ8Q
Data provided by

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