Fact sheet: LO Conv Bd As

Fund information

Fund name
LO Convertible Bond Asia (USD) R A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Arnaud Gernath
since 01/01/2012
Nathalia Barazal
since 15/12/2008
Jerome Hemard
since 15/12/2008
Giuliano Mazzoni
since 15/12/2008
Fund objective
LO Funds - Convertible Bond Asia is an actively managed long-only convertible bond strategy focusing on Asia Pacific and launched in December 2008. It invests mainly in convertible bonds with a balanced profile from Asian issuers. It seeks to deliver asymmetrical performance over the medium to long-term, profiting from equity market upturns while benefiting from the downside protection of a fixed income structure with a fraction of the volatility of equities. The investment approach is based on in-depth fundamental and technical research and combines ‘top-down’ economic analysis with ‘bottom-up’ stock selection. Two final hurdles include a minimum issue size of USD 150 mn (for liquidity purposes) and a minimum credit rating of B- (reflecting the search for an overall high quality portfolio).
Benchmark
No Specified Index
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

9.94 %

1 Year rank in sector

21/76

Sector

FO Convertible

Yield
-
Fund size

£ 777.3 m

FE Risk score

89

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    38.2%
  • Hong Kong
    21.8%
  • Taiwan
    9.9%
  • Singapore
    7.4%
  • Thailand
    6.5%
  • BBB
    40.8%
  • A
    31.6%
  • BB
    16.9%
  • B
    8.6%
  • Money Market
    1.2%
  • Chinese Fixed Interest
    38.2%
  • Hong Kong Fixed Interest
    21.8%
  • Taiwanese Fixed Interest
    9.9%
  • Singapore Fixed Interest
    7.4%
  • Thai Fixed Interest
    6.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund2.69 %4.9 %9.94 %10.22 %8.89 %
Sector2.08 %2.87 %6.76 %9.89 %24.67 %
Rank within sector23 / 7818 / 7721 / 7628 / 6551 / 51
Quartile th2 nd1 st2 nd2 nd4 th

Calendar performance

YTD-20182017201620152014
Fund2.02 %8.09 %-0.53 %1.6 %-0.77 %
Sector2.05 %5.22 %0.75 %2.92 %2.27 %
Rank within sector40 / 7821 / 7646 / 7251 / 6456 / 58
Quartile th3 rd2 nd3 rd4 th4 th

Risk statistics

Alpha0.84
Beta0.75
Sharpe-0
Volatility6.09
Tracking error4.69
Information ratio0.01
R-Squared0.45

Price movement

52 week high15.3804
52 week low14.0068
Current bid price0
Current offer price0
Current mid price15.3804

Holdings by region

  • 38.2% China
  • 21.8% Hong Kong
  • 9.9% Taiwan
  • 7.4% Singapore
  • 6.5% Thailand
  • 6.3% Malaysia
  • 6.1% Others
  • 2.6% India
  • 1.2% Money Market

Holdings by sector

  • 40.8% BBB
  • 31.6% A
  • 16.9% BB
  • 8.6% B
  • 1.2% Money Market
  • 0.9% Non-Rated

Holdings by asset type

  • 38.2% Chinese Fixed Interest
  • 21.8% Hong Kong Fixed Interest
  • 9.9% Taiwanese Fixed Interest
  • 7.4% Singapore Fixed Interest
  • 6.5% Thai Fixed Interest
  • 6.3% Malaysian Fixed Interest
  • 6.1% Global Fixed Interest
  • 2.6% Indian Fixed Interest
  • 1.2% Money Market

Individual holdings

  • 5.5% CHCONS 0 01/05/23
  • 4.5% UNIMIC 0 05/18/20
  • 4.3% SMIZCH 0 07/07/22
  • 4.1% KUNLEG 1 5/8 07/25/19
  • 4% XINAOG 26/02/2018
  • 3.6% KNBZMK 0 10/24/18
  • 3.6% YANGTZ 0 11/09/21
  • 3.4% BDMSTB 0 09/18/19
  • 3.4% SBIOIN 0 07/21/22
  • 3.1% RLCONS 0 01/29/21