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

11.1 %

1 Year rank in sector

38/43

Sector

FO Equity - Latin America

Yield
-
Fund size

£ 83.7 m

FE Risk score

199

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    61.07%
  • Mexico
    23.18%
  • Chile
    6.96%
  • Money Market
    3.33%
  • Argentina
    3.16%
  • Financials
    30.78%
  • Materials
    16.73%
  • Consumer Staples
    14.99%
  • Consumer Discretionary
    8.9%
  • Energy
    8.66%
  • Brazilian Equities
    61.07%
  • Mexican Equities
    23.18%
  • Chilean Equities
    6.96%
  • American Emerging Equities
    3.75%
  • Money Market
    3.33%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-2.57 %6.6 %9.9 %12.26 %-7.65 %
Sector-1.25 %7.54 %18.78 %3.39 %-22.39 %
Rank within sector38 / 4327 / 4338 / 4312 / 424 / 37
Quartile th4 th3 rd4 th2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund7.75 %31.11 %-24.76 %-1.71 %-12.62 %
Sector16.84 %26.05 %-31.7 %-12.49 %-13.99 %
Rank within sector39 / 4312 / 4310 / 425 / 4013 / 37
Quartile th4 th2 nd1 st1 st2 nd

Risk statistics

Alpha1.98
Beta0.84
Sharpe-0.01
Volatility20.81
Tracking error8.6
Information ratio0.3
R-Squared0.86

Price movement

52 week high12.11
52 week low9.76
Current bid price0
Current offer price0
Current mid price10.99

Holdings by region

  • 61.07% Brazil
  • 23.18% Mexico
  • 6.96% Chile
  • 3.33% Money Market
  • 3.16% Argentina
  • 1.7% Peru
  • 0.59% Colombia

Holdings by sector

  • 30.78% Financials
  • 16.73% Materials
  • 14.99% Consumer Staples
  • 8.9% Consumer Discretionary
  • 8.66% Energy
  • 8.02% Telecommunications Utilities
  • 5% Industrials
  • 3.33% Money Market
  • 1.51% Real Estate
  • 1.04% Utilities

Holdings by asset type

  • 61.07% Brazilian Equities
  • 23.18% Mexican Equities
  • 6.96% Chilean Equities
  • 3.75% American Emerging Equities
  • 3.33% Money Market
  • 1.7% Peruvian Equity

Individual holdings

  • 4.91% FOMENTO ECONOMICO MEXCANO SAB DE CV
  • 4.23% BANCO BRADESCO SA
  • 4.13% PETROLEO BRASILEIRO SA PETROBRAS
  • 3.95% BM&F BOVESPA SA BOLSA DE VALORES ME
  • 3.78% AMERICA MOVIL SAB DE CV
  • 3.69% ITAU UNIBANCO HLDG SA
  • 3.04% GRUPO FINANCIERO BANORTE SAB DE CV
  • 3.04% ITAU UNIBANCO HLDG SA
  • 3.02% VALE SA
  • 2.77% SUZANO PAPEL E CELULOSE SA