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
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

10.61 %

1 Year rank in sector

33/44

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 84.7 m

FE Risk score

202

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    58.19%
  • Mexico
    28.85%
  • Chile
    7.54%
  • Money Market
    2.55%
  • Colombia
    1.45%
  • Financials
    30.49%
  • Consumer Staples
    16.38%
  • Materials
    13.79%
  • Energy
    8.56%
  • Industrials
    7.56%
  • Brazilian Equities
    58.19%
  • Mexican Equities
    28.85%
  • Chilean Equities
    7.54%
  • Money Market
    2.55%
  • American Emerging Equities
    1.45%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund6.74 %0.92 %10.52 %-10.19 %-1.18 %
Sector9.18 %9.01 %13.75 %-20.64 %-14.32 %
Rank within sector36 / 4437 / 4433 / 446 / 425 / 37
Quartile th4 th4 th3 rd1 st1 st

Calendar performance

YTD-20172016201520142013
Fund7.16 %31.11 %-24.76 %-1.71 %-12.62 %
Sector17.16 %26.05 %-31.7 %-12.49 %-13.99 %
Rank within sector38 / 4411 / 448 / 425 / 4013 / 38
Quartile th4 th1 st1 st1 st2 nd

Risk statistics

Alpha4.07
Beta0.85
Sharpe-0.01
Volatility21.76
Tracking error8.66
Information ratio0.63
R-Squared0.87

Price movement

52 week high11.77
52 week low9.32
Current bid price0
Current offer price0
Current mid price10.93

Holdings by region

  • 58.19% Brazil
  • 28.85% Mexico
  • 7.54% Chile
  • 2.55% Money Market
  • 1.45% Colombia
  • 1.41% Peru

Holdings by sector

  • 30.49% Financials
  • 16.38% Consumer Staples
  • 13.79% Materials
  • 8.56% Energy
  • 7.56% Industrials
  • 6.65% Utilities
  • 6.52% Telecommunications Utilities
  • 4.87% Consumer Discretionary
  • 2.62% Real Estate
  • 2.55% Money Market

Holdings by asset type

  • 58.19% Brazilian Equities
  • 28.85% Mexican Equities
  • 7.54% Chilean Equities
  • 2.55% Money Market
  • 1.45% American Emerging Equities
  • 1.41% Peruvian Equity

Individual holdings

  • 4.67% GRUPO FINANCIERO BANORTE SAB DE CV
  • 4.44% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 3.98% ITAU UNIBANCO HLDG SA
  • 3.88% BANCO BRADESCO SA
  • 3.66% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 3.47% AMERICA MOVIL SAB DE CV
  • 3.46% PETROLEO BRASILEIRO SA PETROBRAS
  • 2.79% ITAU UNIBANCO HLDG SA
  • 2.14% SUZANO PAPEL E CELULOSE SA
  • 2.07% ITAUSA INVESTIMENTOS ITAU SA