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Transcript
PICTET EMERGING LOCAL CURRENCY DEBT "R" ACC 30th June 2017 Investment Objective Overview The fund aims to achieve its investment objective by investing a minimum of two-thirds of its total assets or wealth in a diversified portfolio of bonds and other debt securities linked to local emerging debt. Emerging countries are defined as those considered, at the time of investing, as industrially developing countries by the International Monetary Fund, the World Bank, the International Finance Corporation (IFC) or one of the leading investment banks, which include, amongst others, Brazil. It may invest more than 10% and up to 20% of its net asset value in securities issued or guaranteed by a single country (including its government, a public or local authority of that country) with a credit rating below investment grade (such as Brazil, Argentina, Hungary, Vietnam and Sri Lanka). Classification Allfunds Category European Fund Classification Fund Benchmark JPM GBI-EM Global Div. Comp. Inception 27/06/2006 Code ISIN LU0255798364 Currency Class R Emerging Global Emerging F. I. Bond Emerging Global Local Currency USD Domicile Cumulative Performance Benchmark Luxembourg JPMorgan EMBI Global Composite UCI Name Legal Structure CNMV PICTET SICAV - UCITs Yes Minimum Investment Initial Subsequent 1 Shrs. 0 Shrs. Fees Fund Benchmark Allfunds Category Index Daily Weekly -0.67 % -0.10 % -0.11 % -0.81 % -0.40 % 0.92 % 1 month 3 months 6 months -0.71 % -0.26 % 0.78 % 2.14 % 2.21 % 4.55 % 6.83 % 6.20 % 10.19 % 1 year 3 years 5 years Inception 1.94 % 5.52 % 6.56 % -13.98 % 14.59 % -5.12 % -13.97 % 28.83 % 6.84 % 54.27 % 129.24 % 66.52 % Benchmark Allfunds Category Index 1.75% (17/02/2017) 2.12% 5.00% 3.00% Initial Max. Exit Max. Annual Performance Fund Management Distribution Performance OCF 2017 (YTD) 6.83 % 6.20 % 10.19 % 2016 6.96 % 10.19 % 6.30 % 2015 -15.24 % 1.23 % -9.84 % 2014 -7.18 % 5.53 % -4.45 % 2013 -11.56 % -6.58 % -4.84 % 2012 14.60 % 18.54 % 16.76 % 2016 10.04 % 1.86 % 1.77 % -6.24 % 2015 -4.75 % -1.67 % -9.34 % -0.17 % 2014 1.57 % 2.90 % -5.87 % -5.65 % 2013 -0.93 % -7.54 % -1.58 % -1.91 % 2012 7.91 % -1.85 % 4.14 % 3.90 % AUM AUM Date Fund Class 30/06/2017 5,187.2259 (mill.) USD 59.7729 (mill.) USD Quarterly Performance Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 4.59 % 2.14 % - Statistics Calculation period 3 years. Data calculated with daily values Annualized Return Volatility Sharpe Ratio Maximum Drawdown Fund -4.89 % 10.07 % -0.47 -28.63 % Benchmark 4.64 % 5.22 % 0.93 -8.23 % Correlation R2 Beta Alpha T.E. Info Ratio Jensen Alpha Treynor Ratio 0.46 0.21 0.89 -9.03 % 8.95 % -1.07 -8.68 % -5.25 PICTET EMERGING LOCAL CURRENCY DEBT "R" ACC 30th June 2017 Charts Geographic Breakdown Sector Breakdown Top ten holdings Data to 05/2017 1. BRAZIL NTN-F 10% 01.01.2021 UNS 2.13% 2. BRAZIL-LTN ZERO% 01.01.2019 UNS 1.94% 3. REP SOUTH AFRICA 10.5% 21.12.2026 UNS 1.84% 4. NDIRS JPMCHA TWD 2.0000% 28.10.2017 1.81% 5. NDIRS MS TWD 2.03% 28.10.2017 1.52% 6. COLOMBIA TES 10% 24.07.2024 SR 1.49% 7. MEXICAN BONOS 6.5% 10.06.2021 SR 1.46% 8. THAILAND GOVT 1.2% 14.07.2021 SR 1.44% 9. COLOMBIA TES 7.5% 26.08.2026 SR 1.38% 10. RUSSIA-OFZ 7.6% 14.04.2021 UNS 1.29% Sources PICTET & CIE (EUROPE) (LU): , UCI, Fund Benchmark, Inception, Dividends, Currency, ISIN, Initial Max., Exit Max., Annual Mgmt. Fee, Distribution Fee, Performance, Minimum initial, Minimum Subsequent, AUM (mill.), Investment Objective, Prices used to calculate Performance and Statistics, Risk, Portfolio Breakdown, Fund Name, Domicile, OCF. Allfunds Bank: Fund Type, Allfunds Category, Comparative Benchmark selection, Returns, Statistics, Charts. Bloomberg: Comparative Benchmark prices. European Fund Classification: European Fund Classification. However, we have not independently verified the information obtained from these sources and so do not guarantee that it is accurate, adequate or complete. Disclaimer This document does not constitute a public offer of securities in the United Arab Emirates and is not intended to be a public offer. This document is for information and illustrative purposes only; it is not an rd offer or solicitation to buy or sell any investment. ADCB will not be held liable for the information provided in this document which has been obtained from and prepared by 3 party sources. This document should be read in conjunction with the Fund Prospectus, TermSheet and Subscription Agreement. Information included in this document is based on past performance; current valuationmay be higher or lower and Return on Investment and Principal Amount value will fluctuate. Past performance does not guarantee future results. Investment products are not bank deposits and are not guaranteed by ADCB, they are subject to investment risks, including possible loss of principal amount invested. This Fund is not intended for sale to US persons. Please refer to ADCB Terms & Conditions for Investment Services.