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

22.01 %

1 Year rank in sector

32/44

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 91.7 m

FE Risk score

195

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    55.88%
  • Mexico
    31.03%
  • Chile
    7.27%
  • Money Market
    2.66%
  • Peru
    1.83%
  • Financials
    29.1%
  • Materials
    17.56%
  • Consumer Staples
    14.73%
  • Industrials
    8.71%
  • Energy
    7.39%
  • Brazilian Equities
    55.88%
  • Mexican Equities
    31.03%
  • Chilean Equities
    7.27%
  • Money Market
    2.66%
  • Peruvian Equity
    1.83%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund4.72 %5.95 %22.01 %-5.55 %0.77 %
Sector6.58 %15.04 %25.84 %-9.61 %-14.26 %
Rank within sector36 / 4439 / 4432 / 4418 / 426 / 38
Quartile th4 th4 th3 rd2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund15.2 %31.11 %-24.76 %-1.71 %-12.62 %
Sector28.3 %26.05 %-31.7 %-12.49 %-13.99 %
Rank within sector38 / 4412 / 448 / 425 / 4013 / 38
Quartile th4 th2 nd1 st1 st2 nd

Risk statistics

Alpha1.46
Beta0.83
Sharpe-0.02
Volatility21.47
Tracking error8.59
Information ratio0.32
R-Squared0.88

Price movement

52 week high11.77
52 week low9.32
Current bid price0
Current offer price0
Current mid price11.75

Holdings by region

  • 55.88% Brazil
  • 31.03% Mexico
  • 7.27% Chile
  • 2.66% Money Market
  • 1.83% Peru
  • 0.68% Colombia
  • 0.64% Argentina

Holdings by sector

  • 29.1% Financials
  • 17.56% Materials
  • 14.73% Consumer Staples
  • 8.71% Industrials
  • 7.39% Energy
  • 6.64% Telecommunications Utilities
  • 5.16% Consumer Discretionary
  • 4.31% Utilities
  • 3.73% Real Estate
  • 2.66% Money Market

Holdings by asset type

  • 55.88% Brazilian Equities
  • 31.03% Mexican Equities
  • 7.27% Chilean Equities
  • 2.66% Money Market
  • 1.83% Peruvian Equity
  • 1.32% American Emerging Equities

Individual holdings

  • 6.07% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 4.49% GRUPO FINANCIERO BANORTE SAB DE CV
  • 3.9% BANCO BRADESCO SA
  • 3.76% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 3.67% AMERICA MOVIL SAB DE CV
  • 3.66% ITAU UNIBANCO HLDG SA
  • 3.65% PETROLEO BRASILEIRO SA PETROBRAS
  • 2.66% ITAU UNIBANCO HLDG SA
  • 2.58% MEXICHEM SAB DE CV
  • 2.45% VALE SA