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

8.74 %

1 Year rank in sector

35/43

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 93.8 m

FE Risk score

195

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    59.35%
  • Mexico
    27.71%
  • Chile
    8.11%
  • Peru
    1.91%
  • Money Market
    1.56%
  • Financials
    31.26%
  • Materials
    17.91%
  • Consumer Staples
    15.38%
  • Industrials
    8.08%
  • Consumer Discretionary
    6.94%
  • Brazilian Equities
    59.35%
  • Mexican Equities
    27.71%
  • Chilean Equities
    8.11%
  • Peruvian Equity
    1.91%
  • Money Market
    1.56%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.34 %3.08 %8.74 %3.27 %-0.09 %
Sector-1.65 %11.55 %13.55 %-4.2 %-15.88 %
Rank within sector7 / 4338 / 4335 / 4315 / 416 / 38
Quartile th1 st4 th4 th2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund14.71 %31.11 %-24.76 %-1.71 %-12.62 %
Sector26.02 %26.05 %-31.7 %-12.49 %-13.99 %
Rank within sector38 / 4311 / 438 / 415 / 3913 / 38
Quartile th4 th2 nd1 st1 st2 nd

Risk statistics

Alpha1.57
Beta0.84
Sharpe-0.01
Volatility20.75
Tracking error8.42
Information ratio0.23
R-Squared0.87

Price movement

52 week high12.11
52 week low9.32
Current bid price0
Current offer price0
Current mid price11.7

Holdings by region

  • 59.35% Brazil
  • 27.71% Mexico
  • 8.11% Chile
  • 1.91% Peru
  • 1.56% Money Market
  • 0.68% Argentina
  • 0.67% Colombia

Holdings by sector

  • 31.26% Financials
  • 17.91% Materials
  • 15.38% Consumer Staples
  • 8.08% Industrials
  • 6.94% Consumer Discretionary
  • 6.94% Energy
  • 6.65% Telecommunications Utilities
  • 3.29% Real Estate
  • 1.97% Utilities
  • 1.56% Money Market

Holdings by asset type

  • 59.35% Brazilian Equities
  • 27.71% Mexican Equities
  • 8.11% Chilean Equities
  • 1.91% Peruvian Equity
  • 1.56% Money Market
  • 1.35% American Emerging Equities

Individual holdings

  • 5.82% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 4.49% GRUPO FINANCIERO BANORTE SAB DE CV
  • 4.41% BANCO BRADESCO SA
  • 3.84% ITAU UNIBANCO HLDG SA
  • 3.7% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 3.46% AMERICA MOVIL SAB DE CV
  • 3.4% PETROLEO BRASILEIRO SA PETROBRAS
  • 2.8% ITAU UNIBANCO HLDG SA
  • 2.63% VALE SA
  • 2.48% SUZANO PAPEL E CELULOSE SA