Fact sheet: LO Emrg High Conv

Fund information

Fund name
LO Emerging High Conviction (USD) N Acc
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Didier Rabattu
since 31/10/2011
Fund objective
LO Funds - Emerging High Conviction is an actively managed UCITS portfolio. Its long-only, high conviction equity strategy has been in place since October 2011. It invests in equity securities issued by companies in emerging markets and in developed markets which have a material exposure to emerging markets. It seeks to outperform the MSCI Emerging Market index over the long-term. The Investment Philosophy is centred around selecting high quality companies with sustainable business models that can deliver predictable superior economic returns. The Investment Approach tends to avoid companies which are excessively exposed to exogenous factors (not controlled by corporate management) and focus on those that can deliver sustainable superior economic returns with better predictability. This focus is a disciplined systematic and High Conviction strategy whereby the Investment Team selects companies with: structural superior economic returns, ability to grow with limited debt requirement, strong corporate governance and sustainable competitive advantages. The portfolio is then constructed with 50-70 attractively priced stocks. Top down views will influence the allocation to countries and between defensive versus pro-cyclical sectors/companies. Risk management focuses, among others, on limiting drawdowns through the use of option hedging strategies. Local currency risk can be hedged.
Benchmark
MSCI Emerging Markets
Investment style
Active,Growth
Investment method
Shares

Quick stats

1 Year return

41.91 %

1 Year rank in sector

-

Sector

FO Equity - Emerging Markets

Yield
-
Fund size

£ 1.3 b

FE Risk score

124

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Hong Kong & China
    37.41%
  • Others
    15.19%
  • India
    14.6%
  • Korea
    7.5%
  • South Africa
    5.4%
  • Consumer Staples
    34.3%
  • Information Technology
    18.3%
  • Financials
    13.3%
  • Consumer Discretionary
    10.4%
  • Health Care
    9.2%
  • Asia Pacific Equities
    37.41%
  • International Equities
    15.19%
  • Indian Equities
    14.6%
  • South Korean Equities
    7.5%
  • South African Equities
    5.4%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund6.68 %18.78 %41.91 %40.14 %43.47 %
Sector6.73 %12.57 %29.72 %25.88 %21.14 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20182017201620152014
Fund4.47 %38.26 %4.77 %-7.75 %-5.65 %
Sector4.19 %28.42 %10.7 %-14.35 %-1.42 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha4.13
Beta0.86
Sharpe0.55
Volatility12.07
Tracking error4.8
Information ratio0.66
R-Squared0.87

Price movement

52 week high18.1799
52 week low12.8077
Current bid price0
Current offer price0
Current mid price18.1799

Holdings by region

  • 37.41% Hong Kong & China
  • 15.19% Others
  • 14.6% India
  • 7.5% Korea
  • 5.4% South Africa
  • 5.1% Brazil
  • 4.3% Money Market
  • 3.7% Taiwan
  • 3.4% Colombia
  • 3.4% Denmark

Holdings by sector

  • 34.3% Consumer Staples
  • 18.3% Information Technology
  • 13.3% Financials
  • 10.4% Consumer Discretionary
  • 9.2% Health Care
  • 7.3% Industrials
  • 4.6% Others
  • 1.8% Energy
  • 0.8% Real Estate

Holdings by asset type

  • 37.41% Asia Pacific Equities
  • 15.19% International Equities
  • 14.6% Indian Equities
  • 7.5% South Korean Equities
  • 5.4% South African Equities
  • 5.1% Brazilian Equities
  • 4.3% Money Market
  • 3.7% Taiwanese Equities
  • 3.4% American Emerging Equities
  • 3.4% Danish Equities

Individual holdings

  • 3.7% SAMSUNG ELECTRONICS CO
  • 3.5% CHINA LIFE INSURANCE CO
  • 3.4% CARLSBERG
  • 3.3% WANT WANT CHINA HOLDINGS LTD
  • 3.1% TINGYI(CAYMAN ISLANDS)HLDG CORP
  • 2.9% ALIBABA GROUP HLDG LTD
  • 2.7% TENCENT HLDGS LIMITED
  • 2.5% CHINA MEDICAL SYSTEM HLDGS LTD
  • 2.5% SUN PHARMACEUTICALS INDUSTRIES
  • 2.5% SUN PHARMACEUTICALS INDUSTRIES