Fact sheet: Neptune Latin America

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
EMERGING MARKETS
Sector
UT Specialist
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Neptune Latin America

New for 2017. Taking an economic and sector-based approach to find winners

Latin America is a land rich in natural resources with much growth potential. Although the region has suffered severe setbacks in recent years, recovering demand for commodities and the election of several pro-market, reforming governments in the region bode well for its future.

The manager of Neptune Latin America is Thomas Smith, who uses the company's in-house research to select stocks and industry sectors he believes will benefit from the region's growth and worldwide demand for the commodities it produces, although in recent times the fund's main exposure has been to the financial sector. Smith is also responsible for the global oil and gas sector at Neptune.

Neptune's investment approach is to seek to exploit share price inefficiencies resulting from interpretational differences in markets. What it calls its 'real world' research focuses on issues where interpretational differences - for example, on oil prices or currencies, industry disruption, macroeconomics and company strategies - are particularly large.

Smith explains that the first layer of his investment process comes from the group's in-house economics team, which provides country reviews that examine economic conditions and the social, political and capital market situation.

This macroeconomic overlay is combined with in-house research to determine the prospects for different industries globally, which is presented to investment teams at regular meetings. This approach helps Smith to identify companies in his markets that he believes can benefit from change. The fund's main geographical exposures recently have been to Brazil and Mexico.

3 Year Performance
Fund Performance29.1%
Average of Rated Funds Group44.7%
Sector Performance22.4%
Fund information
Fund name
Neptune Latin America C Acc GBP
Fund manager company
Neptune Investment Management
Fund type
OEIC
Fund managers
  • Thomas Smithsince 30/06/2011
Accolades
Fund objective
To provide capital growth by investing mainly in Latin American companies, selected at the manager's discretion.
Benchmark
  • MSCI EM Latin America
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
45.8%
1 Year rank in sector
7/119
Sector
UT Specialist
Yield
0.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.22%
Fund size
£31m (£7m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
185
Mid price
101.4
Top in this sector
Fund name1 Year
SF Petrhse Sm Cos Gold78.1%
WAY Charteris Gd Prcsml55.6%
Old Mutual JPM Nat Res54.8%
JPM Natural Resources53.4%
Neptune Russia & Gtr Rus48.7%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • Brazil60.1%
    Mexico18.6%
    Chile7.2%
    Peru3.9%
    Argentina3.7%
  • Financials31.8%
    Utilities13.4%
    Materials13.3%
    Consumer Discretionary12.3%
    Consumer Staples10.5%
  • Brazilian Equities60.1%
    Mexican Equities18.6%
    Chilean Equities7.2%
    American Emerging Equities4.4%
    Peruvian Equity3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.1%16.8%16.7%45.8%29.1%7.2%
Sector-0.6%4.7%4.9%19.9%22.4%29.2%
Rank within sector113 / 1188 / 1194 / 1197 / 11949 / 11267 / 93
Quartile4th1st1st1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund13.1%51.5%-20.9%-11.3%-13.6%
Sector3.5%22.7%-4.5%1.2%4.5%
Rank within sector5 / 11922 / 118101 / 11495 / 11089 / 100
Quartile1st1st4th4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-3.7
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.99
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
23.47
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
16.01
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.16
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.7
Price movement
52 week high107.9
52 week low66.22
Current bid price-
Current offer price-
Current mid price101.4
Region
1Brazil60.07%
2Mexico18.65%
3Chile7.18%
4Peru3.91%
5Argentina3.69%
6USA3.1%
7Canada2.19%
8Colombia0.66%
9Money Market0.33%
Industry sector
1Financials31.75%
2Utilities13.42%
3Materials13.26%
4Consumer Discretionary12.31%
5Consumer Staples10.45%
6Energy5.95%
7Industrials5.82%
8Telecommunications Utilities4.48%
9Information Technology2.22%
Asset type
1Brazilian Equities60.07%
2Mexican Equities18.65%
3Chilean Equities7.18%
4American Emerging Equities4.36%
5Peruvian Equity3.91%
6US Equities3.1%
7Canadian Equities2.19%
8Money Market0.33%
9Norwegian Equities0.21%
Individual holdings
1VALE SA5.77%
2PETROLEO BRASILEIRO SA PETROBRAS4.74%
3BANCO BRADESCO SA4.33%
4ITAU UNIBANCO HLDG SA4.25%
5CREDICORP3.91%
6BANCO DO BRASIL3.23%
7DIRECIONAL ENGENHARIA SA2.93%
8AMERICA MOVIL SAB DE CV2.9%
9RUMO LOGISTICA OPERADORA MULTIMODAL2.81%
Management
Fund manager group
Neptune
Fund manager company
Neptune Investment Management
Fund type
OEIC
Fund objective
To provide capital growth by investing mainly in Latin American companies, selected at the manager's discretion.
Benchmark
  • MSCI EM Latin America
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Thomas Smith30/06/2011Thomas joined Neptune in July 2009 and is a Fund Manager. He is also Manager of the company’s proprietary Oil & Gas Global Sector Model Portfolio. Thomas has a Masters degree in Chemistry from Oxford University and is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey, Singapore
Neptune Latin America C Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price101.4
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJAYO
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.