Fact sheet: Nordea 1 Latin Amer Eq

Fund information

Fund name
Nordea 1 Latin American Equity BP EUR
Fund company manager
Nordea
Fund type
SIB
Fund manager(s)
Scott Piper
since 01/12/2009
Fund objective
The fund aims to outperform the MSCI LatAm 10/40 Index over a three year period through an active top-down and bottom-up, fundamentally oriented investment approach combined with local market insights. The top-down analysis mainly determines country allocation, while the bottom-up analysis has a greater impact on stock picking inside a given country. The most important source of excess return will be stock-picking. The fund is not restricted to stocks which can be qualified as either value or growth. It has a target excess return of 3% per annum above the benchmark and an ex-ante tracking error of ± 6% per annum. The portfolio will hold on average 40-60 stocks, with no short selling allowed. The manager seeks to remain fully invested with a max cash position of 5% although usually this figure will be less than 2%.
Benchmark
MSCI EM Latin America 10/40
Investment style
Passive/Tracking,Growth
Investment method
Shares,Physical – Sampled/Optimised

Quick stats

1 Year return

12.44 %

1 Year rank in sector

39/42

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 91.9 m

FE Risk score

200

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    61%
  • Mexico
    21.5%
  • Chile
    9.37%
  • Argentina
    3.2%
  • Money Market
    3.02%
  • Financials
    27.39%
  • Materials
    18.06%
  • Consumer Staples
    14.87%
  • Consumer Discretionary
    10.33%
  • Energy
    8.31%
  • Brazilian Equities
    61%
  • Mexican Equities
    21.5%
  • Chilean Equities
    9.37%
  • American Emerging Equities
    3.2%
  • Money Market
    3.02%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund7.64 %7.83 %12.44 %12.55 %-3.97 %
Sector9.5 %9.68 %23.55 %13.44 %-19.02 %
Rank within sector34 / 4233 / 4239 / 4228 / 417 / 36
Quartile th4 th4 th4 th3 rd1 st

Calendar performance

YTD-20182017201620152014
Fund4.87 %10.69 %31.11 %-24.76 %-1.71 %
Sector5.58 %20.88 %26.05 %-31.7 %-12.49 %
Rank within sector31 / 4238 / 4212 / 429 / 414 / 39
Quartile th3 rd4 th2 nd1 st1 st

Risk statistics

Alpha1.81
Beta0.83
Sharpe-0
Volatility20.22
Tracking error8.55
Information ratio0.19
R-Squared0.86

Price movement

52 week high12.11
52 week low10.2
Current bid price0
Current offer price0
Current mid price11.84

Holdings by region

  • 61% Brazil
  • 21.5% Mexico
  • 9.37% Chile
  • 3.2% Argentina
  • 3.02% Money Market
  • 1.91% Peru

Holdings by sector

  • 27.39% Financials
  • 18.06% Materials
  • 14.87% Consumer Staples
  • 10.33% Consumer Discretionary
  • 8.31% Energy
  • 7% Telecommunications Utilities
  • 4.96% Industrials
  • 3.02% Money Market
  • 2.64% Real Estate
  • 2.34% Utilities

Holdings by asset type

  • 61% Brazilian Equities
  • 21.5% Mexican Equities
  • 9.37% Chilean Equities
  • 3.2% American Emerging Equities
  • 3.02% Money Market
  • 1.91% Peruvian Equity

Individual holdings

  • 4.95% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 4.03% BANCO BRADESCO SA
  • 3.81% ITAU UNIBANCO HLDG SA
  • 3.76% VALE SA
  • 3.46% ITAU UNIBANCO HLDG SA
  • 3.28% S.A.C.I FALABELLA
  • 3.15% PETROLEO BRASILEIRO SA PETROBRAS
  • 2.99% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 2.56% SUZANO PAPEL E CELULOSE SA
  • 2.5% AMERICA MOVIL SAB DE CV