Fact sheet: LO EmgLocCurBdFndmtl

Fund information

Fund name
LO Emerging Local Currency Bond Fundamental (USD) M A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Yannik Zufferey
since 31/10/2016
Salaman Ahmed
since 31/12/2014
Sara Razmpa
since 31/12/2014
Fund objective
LO Funds - Emerging Local Currency Bond Fundamental is a systematic rule-based UCITS portfolio. Its long-only emerging market fixed income strategy has been in place since January 2010. It invests mainly in emerging market sovereign fixed income instruments. It seeks to replicate the LOIM Emerging Local Currency Index and achieve higher risk-adjusted returns relative to widely used market-cap indices. It follows a proprietary fundamentally weighted approach that aims to gauge potential default risks by questioning the revenue to debt ratio of each issuer through a spectrum of fundamental factors. To achieve this, an economic allocation which includes macroeconomic, credit, social and demographic factors at the country level is applied. In addition, adjustments to take the liquidity of each bond into account and to assess the issuer’s risk/reward profile in terms of yield are incorporated. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment risks and operational risks.
Benchmark
JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

13.51 %

1 Year rank in sector

58/237

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 220.3 m

FE Risk score

91

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Others
    37.52%
  • Russia
    10%
  • China
    9.75%
  • India
    9.61%
  • Indonesia
    7.91%
  • BBB
    43.86%
  • A
    35.1%
  • BB
    15.18%
  • AA
    3.6%
  • B
    1.24%
  • Global Fixed Interest
    37.52%
  • Russian Fixed Interest
    10%
  • Chinese Fixed Interest
    9.75%
  • Indian Fixed Interest
    9.61%
  • Indonesian Fixed Interest
    7.91%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund3.4 %4.19 %13.51 %7.73 %-11.05 %
Sector1.07 %2.72 %8.49 %11.85 %2.78 %
Rank within sector45 / 25579 / 24958 / 237150 / 205118 / 129
Quartile th1 st2 nd1 st3 rd4 th

Calendar performance

YTD-20182017201620152014
Fund2.3 %11.73 %7.19 %-11.96 %-9.53 %
Sector0.97 %8.47 %10.22 %-7.28 %-0.56 %
Rank within sector51 / 25467 / 237175 / 223167 / 203162 / 164
Quartile th1 st2 nd4 th4 th4 th

Risk statistics

Alpha-2.26
Beta1.21
Sharpe-0
Volatility8.53
Tracking error3.45
Information ratio-0.48
R-Squared0.86

Price movement

52 week high10.2798
52 week low9.087
Current bid price0
Current offer price0
Current mid price10.2768

Holdings by region

  • 37.52% Others
  • 10% Russia
  • 9.75% China
  • 9.61% India
  • 7.91% Indonesia
  • 6.72% Thailand
  • 6.11% Mexico
  • 5.82% Turkey
  • 5.55% Romania
  • 1.01% Money Market

Holdings by sector

  • 43.86% BBB
  • 35.1% A
  • 15.18% BB
  • 3.6% AA
  • 1.24% B
  • 1.01% Money Market

Holdings by asset type

  • 37.52% Global Fixed Interest
  • 10% Russian Fixed Interest
  • 9.75% Chinese Fixed Interest
  • 9.61% Indian Fixed Interest
  • 7.91% Indonesian Fixed Interest
  • 6.72% Thai Fixed Interest
  • 6.11% Mexican Fixed Interest
  • 5.82% Middle East & African Fixed Interest
  • 5.55% European Emerging Fixed Interest
  • 1.01% Money Market

Individual holdings

-