Fact sheet: RLP Investec EM LocCuDt Pn

Fund information
Fund name
RLP Investec Emerging Markets Local Currency Debt Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Investec Asset Managementsince 26/03/2010
Underlying fund
Investec EmgMkLcCurDt
Fund objective
The fund aims to provide an income and grow the value of your investment over the long term.The fund invests primarily in bonds (contracts to repay borrowed money which typically pay interest at fixed times) and in related derivatives (financial contracts whose value is linked to the price of an underlying asset). The bonds are issued by governments, institutions or companies in emerging markets (countries that are in economic terms less developed than the major Western countries). These bonds are predominantly issued in the currency of the issuing country. The fund may invest more than 35% of its assets in securities issued or guaranteed by an EEA state.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.8%
1 Year rank in sector
11/20
Sector
PN Global High Yield
Yield
-
Fund size
£1m (£1m 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.
103
Bid price
103.6
Offer price
109.1
Top in this sector
Fund name1 Year
FL MyMCaGrGlHiInOpPn30.4%
FL Cap Grp Gbl Hi Inc Opps Pn29.8%
Canlife Tndle Emg Mkt Bond Pn24.7%
OMW Old Mutual Emg Mkt Dt23.3%
OMW Old Mut Monthly Inc HY Bnd21.6%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • Turkey13.1%
    Indonesia12%
    Brazil10.5%
    Russia9.1%
    Malaysia8.6%
  • Debt87.1%
    Money Market5.5%
    Mutual Funds5.1%
    Investment Grade Corporate Bonds1.5%
    Index Linked1.1%
  • Middle East & African Fixed Interest13.1%
    Indonesian Fixed Interest12%
    Brazilian Fixed Interest10.5%
    Russian Fixed Interest9.1%
    Malaysian Fixed Interest8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%5%-3.4%19.8%15.2%6.5%
Sector-0.4%2.6%-0.8%15.8%19.3%26.4%
Rank within sector19 / 204 / 2020 / 2011 / 207 / 159 / 11
Quartile4th1st4th3rd2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund4.5%28.4%-13.7%-0.4%-13.1%
Sector2.7%22.8%-5.8%1.8%-3.4%
Rank within sector5 / 2010 / 1916 / 1710 / 1510 / 13
Quartile1st3rd4th3rd4th
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.
-4.68
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.
1.65
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.
0.12
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%.
14.62
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.
6.52
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.
-0.17
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.
0.94
Price movement
52 week high107.3
52 week low82.1
Current bid price103.6
Current offer price109.1
Current mid price-
Region
1Turkey13.1%
2Indonesia12%
3Brazil10.5%
4Russia9.1%
5Malaysia8.6%
6Mexico7%
7Poland7%
8Money Market6.5%
9Colombia6.4%
Industry sector
1Debt87.1%
2Money Market5.5%
3Mutual Funds5.1%
4Investment Grade Corporate Bonds1.5%
5Index Linked1.1%
6Others-0.3%
Asset type
1Middle East & African Fixed Interest13.1%
2Indonesian Fixed Interest12%
3Brazilian Fixed Interest10.5%
4Russian Fixed Interest9.1%
5Malaysian Fixed Interest8.6%
6American Emerging Fixed Interest7.6%
7Mexican Fixed Interest7%
8Polish Fixed Interest7%
9Money Market6.5%
Individual holdings
1LETRA TESOURO NACIONAL JAN 01 194.7%
2RUSSIAN FEDERAL BOND - OFZ 6.2 JAN 31 183.3%
3BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10002.7%
4RUSSIAN FEDERATION MINISTRY FINANCE 6.4% BDS 27/05/20 RUB10002.3%
5INVESTEC GSF EM INV GRADE CORP DEBT FUND S USD2.1%
6POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10002.1%
7MEXICAN BONOS 10 NOV 20 362%
8ONSHORE RENMINBI BOND FUND2%
9TURKEY(REPUBLIC OF) 8.3% BDS 20/06/18 TRY1002%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to provide an income and grow the value of your investment over the long term.The fund invests primarily in bonds (contracts to repay borrowed money which typically pay interest at fixed times) and in related derivatives (financial contracts whose value is linked to the price of an underlying asset). The bonds are issued by governments, institutions or companies in emerging markets (countries that are in economic terms less developed than the major Western countries). These bonds are predominantly issued in the currency of the issuing country. The fund may invest more than 35% of its assets in securities issued or guaranteed by an EEA state.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Investec Asset Management26/03/2010As one of South Africa's largest asset managers, Investec has enjoyed above average returns in both the equity and bond markets. With the benefit of being part of a global asset management company, the local operation leverages off skills and information from their offshore business. The portfolio manager for the fund is Malcolm Charles. Malcolm heads up fixed income dealing at Investec Asset Management. He is part of a fairly large fixed interest team (by South African standards) that utilises a wide variety of different sources of returns. The returns on the Galaxy Fixed Interest Fund assets are expected to be similar to those for the Investec Opportunity Income Fund.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Investec Emerging Markets Local Currency Debt Pn
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.84%
Bid price103.6
Offer price109.1
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINK3
Data provided by

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