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
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,Concentrated,Value
Investment method
Shares

Quick stats

1 Year return

21.95 %

1 Year rank in sector

-

Sector

FO Equity - Emerging Markets

Yield
-
Fund size

£ 880.9 m

FE Risk score

96

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Hong Kong & China
    30.2%
  • Latin America
    15.6%
  • India
    13.1%
  • South-East Asia
    8.2%
  • Korea
    8.1%
  • Consumer Staples
    39.2%
  • Information Technology
    20.1%
  • Consumer Discretionary
    13.3%
  • Financials
    12.4%
  • Health Care
    8%
  • Asia Pacific Equities
    38.4%
  • American Emerging Equities
    15.6%
  • Indian Equities
    13.1%
  • Middle East & African Equities
    10.8%
  • South Korean Equities
    8.1%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund2.39 %15.44 %21.95 %13.59 %39.09 %
Sector0.17 %10.2 %16.19 %3.77 %18.26 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund24.72 %4.77 %-7.75 %-5.65 %10.69 %
Sector19.53 %10.7 %-14.35 %-1.42 %-0.73 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha2.48
Beta0.83
Sharpe0.02
Volatility12.08
Tracking error5.05
Information ratio0.45
R-Squared0.87

Price movement

52 week high15.697
52 week low12.1816
Current bid price0
Current offer price0
Current mid price15.697

Holdings by region

  • 30.2% Hong Kong & China
  • 15.6% Latin America
  • 13.1% India
  • 8.2% South-East Asia
  • 8.1% Korea
  • 7.6% Africa
  • 5.9% Others
  • 4.7% Eastern Europe
  • 3.4% Taiwan
  • 3.2% Middle East

Holdings by sector

  • 39.2% Consumer Staples
  • 20.1% Information Technology
  • 13.3% Consumer Discretionary
  • 12.4% Financials
  • 8% Health Care
  • 3.3% Others
  • 2.3% Real Estate
  • 1.4% Industrials

Holdings by asset type

  • 38.4% Asia Pacific Equities
  • 15.6% American Emerging Equities
  • 13.1% Indian Equities
  • 10.8% Middle East & African Equities
  • 8.1% South Korean Equities
  • 5.9% International Equities
  • 4.7% European Equities
  • 3.4% Taiwanese Equities

Individual holdings

  • 4.6% ALIBABA GROUP HLDG LTD
  • 4.5% SAMSUNG ELECTRONICS CO
  • 3.6% TINGYI(CAYMAN ISLANDS)HLDG CORP
  • 3.2% WANT WANT CHINA HOLDINGS LTD
  • 3.1% CARLSBERG
  • 2.8% TENCENT HLDGS LTD
  • 2.6% HOUSING DEVELOPMENT FINANCE CORP
  • 2.6% HOUSING DEVELOPMENT FINANCE CORP
  • 2.6% TSINGTAO BREWERY CO
  • 2.5% FINANCIERE RICHEMONT-DEP REC