Investec Emerging Markets Local Currency Debt R Inc-2 GBP

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 75.39 Day Change GBX +0.09 (0.12%)
Price Date 21 Aug 2019 Crown Rating 3
Shares Class Inc. Yield 6.06 %
Total Expense Ratio 0.00 Fund Size 218,101,100.00
Launch Date 30/06/2006 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.00 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B88MZG48 Min TopUp (£) 25,000.00
Ongoing Charge (%) 1.1300 Ongoing Charge Date 31/12/2018

Fund Objective

The Fund aims to provide income with the opportunity for long term capital growth primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers and in derivatives the underlying assets of which are public sector, sovereign and corporate bonds issued by emerging market borrowers.

Fund Managers

Werner Gey van Pittius

Werner is co-head of Emerging Market Fixed Income at Investec Asset Management. He is jointly responsible with Peter Eerdmans for all global emerging market debt strategies. Werner is also responsible for the former CIS, Middle Eastern and African markets within the team. He moved to London from Cape Town where he was a fixed income quantitative analyst and managed Investec Asset Management’s asset and liability matching book. Prior to Investec Asset Management, Werner played professional rugby in concurrence with academic programmes. Werner holds a Bachelor of Commerce (Insurance Science) degree from the University of Pretoria, a Bachelor of Commerce (Honours) degree in Financial Economics from the University of Stellenbosch and a Master of Science degree in Applied Statistics from Oxford University. In addition, Werner obtained the Society of Technical Analysts diploma and was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in 2006.

Antoon de Klerk

Antoon is an investment specialist in the Global Emerging Market Debt team and a portfolio manager. Antoon joined the Investec Group in 2005 as part of the Investec chartered accountant (TOPP) Programme. After spending time in accounts and investment banking, where he was involved with merger and acquisition advisory work, he joined Investec Asset Management in 2006. Antoon holds a Masters degree (cum laude) in economics and an honours degree in accounting from the University of Stellenbosch and is CA (SA). Antoon studied in Germany as part of his post-graduate economic studies.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
CHINA DEVELOPMENT BANK 3.48% B 2.40%
HUNGARY GOVERNMENT BOND 3 OCT 2.30%
POLAND(REPUBLIC OF) 2.5% BDS 2 2.30%
MALAYSIA 3.8% NTS 17/08/23 MYR 2.20%
BRAZIL(FEDERATIVE REPUBLIC OF) 2.00%
RUSSIAN FEDERATION MINISTRY FI 1.90%
MEXICO(UNITED MEXICAN STATES) 1.70%
COLOMBIA(REPUBLIC OF) 7.25% BD 1.50%

Asset Breakdown

Name Weight
African Fixed Interest 2.90%
American Emerging Fixed Intere 7.40%
Brazilian Fixed Interest 12.60%
Chinese Fixed Interest 3.60%
Czech Fixed Interest 3.80%
European Emerging Fixed Intere 6.60%
Global Fixed Interest 1.50%
Hungarian Fixed Interest 4.70%
Indonesian Fixed Interest 11.10%
Malaysian Fixed Interest 4.20%
Mexican Fixed Interest 7.50%
Middle East & African Fixed In 5.60%
Money Market 2.40%
Peruvian Fixed Interest 4.40%
Polish Fixed Interest 4.50%
Russian Fixed Interest 9.20%
South African Fixed Interest 1.70%
Thai Fixed Interest 6.30%

Region Breakdown

Name Weight
Brazil 12.60%
China 3.60%
Colombia 7.40%
Czech Republic 3.80%
Egypt 3.00%
Ghana 1.00%
Hungary 4.70%
Indonesia 11.10%
Malaysia 4.20%
Mexico 7.50%
Money Market 2.40%
Nigeria 1.90%
Others 1.50%
Peru 4.40%
Poland 4.50%
Romania 2.60%
Russia 9.20%
Serbia 2.00%
South Africa 1.70%
Thailand 6.30%
Turkey 2.60%
Ukraine 2.00%

Sector Breakdown

Name Weight
Debt 94.20%
Foreign Exchange 0.20%
High Yield Bond 0.10%
Index Linked 2.20%
Investment Grade Corporate Bon 1.50%
Money Market 2.20%
Others 0.00%