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

14.51 %

1 Year rank in sector

37/44

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 84.8 m

FE Risk score

195

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    60.06%
  • Mexico
    24.13%
  • Chile
    7.12%
  • Money Market
    4.23%
  • Argentina
    2.49%
  • Financials
    31.42%
  • Consumer Staples
    15.73%
  • Materials
    14.73%
  • Consumer Discretionary
    8.5%
  • Energy
    7.71%
  • Brazilian Equities
    60.06%
  • Mexican Equities
    24.13%
  • Chilean Equities
    7.12%
  • Money Market
    4.23%
  • American Emerging Equities
    3.12%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-5.76 %-2.37 %14.51 %2.58 %-2.62 %
Sector-6.14 %-0.53 %20.61 %-4.03 %-17.9 %
Rank within sector16 / 4438 / 4437 / 4414 / 436 / 38
Quartile th2 nd4 th4 th2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund9.12 %31.11 %-24.76 %-1.71 %-12.62 %
Sector17.72 %26.05 %-31.7 %-12.49 %-13.99 %
Rank within sector40 / 4412 / 449 / 435 / 4113 / 38
Quartile th4 th2 nd1 st1 st2 nd

Risk statistics

Alpha2.15
Beta0.83
Sharpe-0.01
Volatility20.75
Tracking error8.57
Information ratio0.32
R-Squared0.86

Price movement

52 week high12.11
52 week low9.59
Current bid price0
Current offer price0
Current mid price11.13

Holdings by region

  • 60.06% Brazil
  • 24.13% Mexico
  • 7.12% Chile
  • 4.23% Money Market
  • 2.49% Argentina
  • 1.34% Peru
  • 0.63% Colombia

Holdings by sector

  • 31.42% Financials
  • 15.73% Consumer Staples
  • 14.73% Materials
  • 8.5% Consumer Discretionary
  • 7.71% Energy
  • 6.81% Industrials
  • 6.46% Telecommunications Utilities
  • 4.23% Money Market
  • 1.83% Real Estate
  • 1.49% Utilities

Holdings by asset type

  • 60.06% Brazilian Equities
  • 24.13% Mexican Equities
  • 7.12% Chilean Equities
  • 4.23% Money Market
  • 3.12% American Emerging Equities
  • 1.34% Peruvian Equity

Individual holdings

  • 5.34% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 4.38% BANCO BRADESCO SA
  • 4.29% GRUPO FINANCIERO BANORTE SAB DE CV
  • 3.91% ITAU UNIBANCO HLDG SA
  • 3.88% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 3.81% PETROLEO BRASILEIRO SA PETROBRAS
  • 2.95% AMERICA MOVIL SAB DE CV
  • 2.85% ITAU UNIBANCO HLDG SA
  • 2.52% SUZANO PAPEL E CELULOSE SA
  • 2.35% VALE SA