fund details.

LO Funds

Emerging High Conviction, Syst. NAV Hdg, (EUR) M A

HIGHLIGHTS

LO Funds - Emerging High Conviction is an actively managed UCITS portfolio. Its long-only, high conviction equity strategy has been in place since October 2011. It invests in equity securities issued by companies in emerging markets and in developed markets which have a material exposure to emerging markets. It seeks to outperform the MSCI Emerging Market index over the long-term. The Investment Philosophy is centred around selecting high quality companies with sustainable business models that can deliver predictable superior economic returns. The Investment Approach tends to avoid companies which are excessively exposed to exogenous factors (not controlled by corporate management) and focus on those that can deliver sustainable superior economic returns with better predictability. This focus is a disciplined systematic and High Conviction strategy whereby the Investment Team selects companies with: structural superior economic returns, ability to grow with limited debt requirement, strong corporate governance and sustainable competitive advantages. The portfolio is then constructed with 50-70 attractively priced stocks. Top down views will influence the allocation to countries and between defensive versus pro-cyclical sectors/companies. Risk management focuses, among others, on limiting drawdowns through the use of option hedging strategies. Local currency risk can be hedged.

MANAGERS

Manager Profiles

Didier Rabattu Genève Investment Management (Global Equities)
Odile Lange-Broussy Singapore Investment Management (Global Equities)

2011–to date Lombard Odier, Co-Portfolio Manager of the Emerging Consumer fund (2011 – to date), Portfolio Manager of Asia High Conviction Equity fund (2016 – to date) - Singapore 2006–2010 Bank  Read more

GENERAL INFORMATION

Overview

Asset Class Equities
Category Emerging markets
Share Class reference currency EUR Hedged
Benchmark MSCI Emerging Market ND (EUR Hdg. by LOIM)
Dividend Policy Accumulated

Latest Data

Performance YTD 1.74% 12.09.2019
Total Assets (all classes) in mn EUR 523.69 31.08.2019
Assets (share class) in mn EUR 30.21 31.08.2019
NAV (EUR) 13.35 12.09.2019
Highest - Last 12 months 14.54 10.04.2019
Lowest - Last 12 months 12.49 26.08.2019
Number of positions 44 31.08.2019
TER 1.29% 31.03.2019

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

PRICES

Period
(Earliest Date: 31.10.2011)
(Latest date: 12.09.2019)

Prices over selected period

Last EUR 13.35 12.09.2019
First EUR 10.00 31.10.2011
Highest EUR 17.59 26.01.2018
Lowest EUR 9.75 25.11.2011

PERFORMANCE & STATISTICS

Statistics (31.10.2011 - 12.09.2019) ¹

( Earliest Date : 31.10.2011)
Go
( Latest date : 12.09.2019)
Fund Benchmark
Total Return 33.48% 9.62%
Annualized Return 3.72% 1.17%
Annualized Volatility 11.62% 15.59%
Sharpe Ratio 0.33 0.08
Downside Deviation 8.18% 10.72%
Positive Months 62.11% 53.68%
Maximum Drawdown -26.23% -30.81%
Fund vs Benchmark
Correlation 0.823
R2 0.677
Alpha 0.24%
Beta 0.613
Tracking Error 8.94%
Information Ratio 0.177
Risk-Free Rate -0.06% Target Rate -0.06%
¹ Calculations based on monthly time series

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

BREAKDOWNS

Period

Top 10 (in %)

Tencent Holdings Ltd
6.80%
Alibaba Grp (sadr)
6.20%
Samsung Electronics Co Ltd
5.60%
Housing Development Finance
3.80%
Ambev (sadr) 1 Sh
3.20%
Sberbank Pjsc -Sponsored Adr
3.20%
DBS Group Holdings Ltd
2.90%
Aia Group Ltd
2.70%
Bank Central Asia Tbk Pt
2.60%
Colgate Palmolive (india)
2.60%

Sectors (in %)

Consumer staples
21.90%
Financials
21.40%
Consumer discretionary
18.70%
Information technology
9.60%
Communication services
9.30%
Health care
7.60%
Industrials
5.10%
Others (liquid assets incl.)
4.50%
Energy
2.10%

Countries (in %)

China
31.90%
Others
16.70%
India
14.30%
South Korea
8.90%
Brazil
5.30%
Indonesia
5.30%
Singapore
4.50%
Thailand
4.50%
Taiwan
4.00%
Liquid assets
4.50%

Currencies (in %)

HKD
23.33%
USD
18.79%
INR
14.42%
Others
10.23%
KRW
8.96%
TWD
5.60%
IDR
5.34%
SGD
4.70%
THB
4.46%
MXN
4.09%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Daily
Subscriptions and redemptions cut-off day T-1
Subscriptions and redemptions cut-off time 15:00 CET
Subscriptions and redemptions settlement date T+3
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment EUR 3'000
Management Fee 0.935%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOECMAE LX
ISIN LU0866416588
REUTERS 20282065X.CHE
SEDOL GBBD7VJS7
TELEKURS 20282065

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.07.2019  
Annexe Date DE EN FR IT
UK Reporting Status - Reportable Income 08.05.2019      
Reporting Date DE EN FR IT
Fact Sheet 31.08.2019
Performance Review 31.08.2019
Legal Documents Date DE EN FR IT
Articles of incorporation 21.03.2019    
Notice to Shareholders 17.04.2018    
Notice to Shareholders 28.08.2018      
Notice to Shareholders 05.02.2019    
Notice to Shareholders 21.02.2019    
Notice to Shareholders 12.03.2019    
Notice to Shareholders 10.12.2018    
Notice to Shareholders 30.01.2018    
Key Investor Information Document 17.06.2019
Prospectus 21.03.2019  
Annual Report 30.09.2018  
Semi-Annual Report 31.03.2019  
Sicav article of incorporation 21.03.2019  
Retail investors Date DE EN FR IT
Reasons to invest (Retail) 26.09.2018