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

26.65 %

1 Year rank in sector

-

Sector

FO Equity - Emerging Markets

Yield
-
Fund size

£ 1.0 b

FE Risk score

94

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    31.19%
  • Others
    22.58%
  • India
    12.5%
  • Korea
    8.3%
  • Brazil
    7.5%
  • Consumer Staples
    36.2%
  • Information Technology
    21%
  • Consumer Discretionary
    13.5%
  • Financials
    10.4%
  • Health Care
    9.7%
  • Chinese Equities
    31.19%
  • International Equities
    22.58%
  • Indian Equities
    12.5%
  • South Korean Equities
    8.3%
  • Brazilian Equities
    7.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund4.31 %16.66 %26.65 %19.31 %40.69 %
Sector3.16 %11.4 %20.78 %8.52 %19.29 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund29.87 %4.77 %-7.75 %-5.65 %10.69 %
Sector23.44 %10.7 %-14.35 %-1.42 %-0.73 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha3.22
Beta0.83
Sharpe0.1
Volatility12.15
Tracking error4.94
Information ratio0.6
R-Squared0.88

Price movement

52 week high16.3978
52 week low12.1816
Current bid price0
Current offer price0
Current mid price16.3457

Holdings by region

  • 31.19% China
  • 22.58% Others
  • 12.5% India
  • 8.3% Korea
  • 7.5% Brazil
  • 6.1% South Africa
  • 3.9% Russia
  • 3.6% Colombia
  • 2.63% Taiwan
  • 1.7% Money Market

Holdings by sector

  • 36.2% Consumer Staples
  • 21% Information Technology
  • 13.5% Consumer Discretionary
  • 10.4% Financials
  • 9.7% Health Care
  • 3.8% Industrials
  • 2.8% Real Estate
  • 1.7% Money Market
  • 0.9% Others

Holdings by asset type

  • 31.19% Chinese Equities
  • 22.58% International Equities
  • 12.5% Indian Equities
  • 8.3% South Korean Equities
  • 7.5% Brazilian Equities
  • 6.1% South African Equities
  • 3.9% Russian Equities
  • 3.6% American Emerging Equities
  • 2.63% Taiwanese Equities
  • 1.7% Money Market

Individual holdings

  • 4.8% SAMSUNG ELECTRONICS CO
  • 4.4% ALIBABA GROUP HLDG LTD
  • 3.7% TINGYI(CAYMAN ISLANDS)HLDG CORP
  • 3.1% BAIDU INC
  • 3.1% WANT WANT CHINA HOLDINGS LTD
  • 3% CARLSBERG
  • 2.8% TENCENT HLDGS LIMITED
  • 2.4% AMBEV SA
  • 2.4% HOUSING DEVELOPMENT FINANCE CORP
  • 2.4% HOUSING DEVELOPMENT FINANCE CORP