Accept cookies from BankInvest.com

BankInvest use cookies to collect information about your visit to our website. The information is only being used to support the functionality of the website and to compile statistics. You can always delete cookies from BankInvest.com again.
Read more about cookies on BankInvest.com

BI SICAV - Emerging Markets Corporate Debt R

The sub-fund invests at least two thirds of its assets in corporate debt of emerging markets debt issuers in Latin America, Central- or Eastern Europe, Africa, the Middle East and Asia exclusive Japan. The sub-fund can also invest in securities issued by sovereign issuers or the local authorities as well as financial and corporate issuers that have the majority of their activities in an emerging market country. The bonds of this sub-fund are required to have a credit rating of minimum CC. However, 20 percent of the sub-fund assets can be invested in bonds without any credit rating and 5 percent can be invested in downgraded bonds with a credit rating below CC. Financial derivative instruments may be used for hedging purposes and as part of the investment strategy.

Portfolio Managers:
Chresten Hagelund, Senior Portfolio Manager (left)
Søren Bertelsen, Chief Portfolio Manager (right)

 

Generate Product Sheet

Basic Information

  • ISIN LU0304976276
  • Fund BI SICAV
  • Inception Date 11.07.2007
  • Investment Manager BI Asset Management Fondsmæglerselskab A/S
  • Investment Universe Fixed Income
  • Exchange Status Quoted
  • Latest Share Class NAV 183.28 EUR
  • Share Class Currency EUR
  • Sub-fund Size (m) 159
  • Number of shares in Share Class 1,751

Risk and reward profile

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Low risk
Lower rewards
High risk
Higher rewards

Return

Year Performance and Dividend (%)
2019 2018 2017 2016 2015
Fund 9.75 -4.62 5.84 7.94 0.31
Benchmark 9.81 -4.40 5.96 7.96 0.79
Dividend
Return Period (%)
(Updated: 02.25.2020)
1 month YTD 1 yr 3 yrs 5 yrs
0.89 1.98 8.69 3.29 3.84
0.89 2.19 8.77 3.55 3.99
All returns 1-10 years are annualized. Return is calculated in share class currency.

Benchmark

JP Morgan CEMBI Broad Diversified hedged to EUR

Country allocation

(Updated: 01.31.2020)
Expand

Sectoral allocation

(Updated: 01.31.2020)
Expand

The largest investments in the portfolio

(Updated: 01.31.2020)
Name Sector Weight
5.99% 1malaysia Development Bhd 05/2022 1.34%
3.95% Shenzhen International Holdings Lt 12/2049 1.15%
3.7% Corporacion Nacional Del Cobre De 01/2050 1.13%
4.625% Minejesa Capital BV 08/2030 1.09%
5.375% Vm Holding SA 05/2027 1.07%
6% Gpn Capital SA 11/2023 1.06%
6.375% Israel Chemicals LTD 05/2038 1.02%
5.95% Jsw Steel LTD 04/2024 1.01%
4% Tengizchevroil Finance Co Internat 08/2026 1.01%
5.75% Nbk Tier 1 Financing LTD 12/2049 1.00%
5.5% Industrial Senior Trust 11/2022 1.00%
4.125% Banco General SA 08/2027 0.99%
6.067% Nakilat INC 12/2033 0.98%
4% Franshion Brilliant LTD 12/2049 0.97%
5.15% Gaz Capital SA 02/2026 0.96%
4.125% Sigma Alimentos SA De Cv 05/2026 0.95%
5.95% Alfa Bond Issuance PLC 04/2030 0.94%
5.35% Bharti Airtel International Nether 05/2024 0.93%
4.875% Samvardhana Motherson Automotive S 12/2021 0.92%
5% Icd Sukuk Co LTD 02/2027 0.92%
7.5% Standard Chartered PLC 12/2049 0.91%
4.875% Royal Capital BV 12/2049 0.90%
6% Ruwais Power Company Pjsc 08/2036 0.90%
4.6% Abu Dhabi Crude Oil Pipeline Llc 11/2047 0.89%
6.25% Adani Green Energy Up LTD 12/2024 0.87%
7.25% Votorantim Cimentos SA 04/2041 0.86%
4.25% Parkway Pantai LTD 12/2049 0.84%
5.375% Gmr Hyderabad International Airpor 04/2024 0.84%
7.25% Lmirt Capital Pte LTD 06/2024 0.81%
6.625% Millicom International Cellular S. 10/2026 0.80%
4.2% Alibaba Group Holding LTD 12/2047 0.80%
5.875% Telefonica Celular Del Paraguay SA 04/2027 0.77%
6.125% Gold Fields Orogen Holdings (bvi) 05/2029 0.77%
7.125% Kosmos Energy LTD 04/2026 0.76%
4.25% Transportadora De Gas Del Peru SA 04/2028 0.75%
4% Adani Transmission LTD 08/2026 0.75%
2.8% Teva Pharmaceutical Finance Nether 07/2023 0.74%
4.7% Banque Ouest Africaine De Developp 10/2031 0.73%
3.875% Jd.com INC 04/2026 0.72%
6.875% Abengoa Transmision Sur SA 04/2043 0.71%
4.875% Gruma Sab De Cv 12/2024 0.70%
4.95% Autoridad Del Canal De Panama 07/2035 0.69%
6.875% Turk Telekomunikasyon AS 02/2025 0.69%
6.95% Turkiye Sise Ve Cam Fabrikalari AS 03/2026 0.68%
6.75% Teva Pharmaceutical Finance Nether 03/2028 0.67%
4.95% Qatar Reinsurance Company LTD 12/2049 0.66%
11.95% Kaisa Group Holdings LTD 10/2022 0.64%
5.838% Ras Laffan Liquefied Natural Gas C 09/2027 0.64%
4.375% Indorama Ventures Global Services 09/2024 0.64%
5.95% Global Prime Capital Pte LTD 01/2025 0.63%
4.2% Aev International Pte. Ltd. 01/2030 0.63%
9.375% Nagacorp LTD 05/2021 0.62%
5.25% Turkiye Garanti Bankasi AS 09/2022 0.62%
5.5% Tabreed Sukuk Spc LTD 10/2025 0.62%
6.375% China Overseas Finance (cayman)iii 10/2043 0.61%
3.6% Dbs Group Holdings LTD 12/2049 0.60%
6.875% Israel Electric Corp LTD 06/2023 0.60%
4.25% Batelco International Finance No 1 05/2020 0.59%
5.875% Mexichem Sab De Cv 09/2044 0.58%
4.563% Lukoil Oao 04/2023 0.58%
6.875% Aeropuertos Argentina 2000 SA 02/2027 0.58%
5.75% Logan Property Holdings Co LTD 01/2025 0.57%
9.125% Walnut Bidco PLC 08/2024 0.57%
8.25% Inversiones Atlantida SA 07/2022 0.57%
7.375% Petrobras Global Finance BV 01/2027 0.57%
4.875% Enel Chile SA 06/2028 0.57%
7.125% Ihs Netherlands Holdco BV 03/2025 0.57%
6.9% Petrobras Global Finance BV 03/2049 0.57%
4.75% Lukoil International Finance BV 11/2026 0.56%
5.625% Melco Resorts Finance LTD 07/2027 0.56%
5.875% Usiminas International Sarl 07/2026 0.56%
6.125% Sb Capital SA 02/2022 0.55%
5.9% Manappuram Finance LTD 01/2023 0.55%
5.5% Japfa Comfeed Indonesia Tbk Pt 03/2022 0.54%
5.125% Akbank Tas 03/2025 0.54%
4.6% Lsd Bonds (2017) Limited 09/2022 0.54%
6.125% Muthoot Finance LTD 10/2022 0.53%
5.75% Tbc Banki Ss 06/2024 0.53%
4.45% Bangkok Bank Public Co LTD (hong K 09/2028 0.53%
4.851% Tnb Global Ventures Capital Bhd 11/2028 0.53%
5.75% Uzpromstroybank Akb 12/2024 0.53%
8.75% Dno Asa 05/2023 0.52%
4.875% Finansbank AS 05/2022 0.52%
4.25% Equate Petrochemical BV 11/2026 0.52%
5.3% Raizen Fuels Finance SA 01/2027 0.51%
6.75% Greenland Global Investment LTD 09/2023 0.51%
5.95% Nmc Healthcare Sukuk Limited 11/2023 0.51%
3.939% Esic Sukuk LTD 07/2024 0.50%
8.75% Petrobras Global Finance BV 05/2026 0.50%
6.75% Bank Razvitiya Respubliki Belarus 05/2024 0.50%
3.05% Phosagro Bond Funding Dac 01/2025 0.50%
5.6% Future Retail LTD 01/2025 0.50%
6.25% Greenko Mauritius LTD 02/2023 0.49%
8.5% Metinvest BV 04/2026 0.49%
6% Bank Of Georgia Jsc 07/2023 0.49%
9.5% Ecobank Transnational INC 04/2024 0.48%
4.25% Hikma Pharmaceuticals PLC 04/2020 0.47%
4.866% Standard Chartered PLC 03/2033 0.47%
3.68% Prosus NV 01/2030 0.47%
6.875% First Quantum Minerals LTD 03/2026 0.46%
6.5% Koc Holding AS 03/2025 0.46%
6% Teva Pharmaceutical Finance Nether 04/2024 0.46%
4.5% Fpc Treasury LTD 04/2023 0.46%
4.875% Suam Finance BV 04/2024 0.46%
5.373% Mtn (mauritius) Investments LTD 02/2022 0.45%
6.5% Minerva Luxembourg SA 09/2026 0.45%
7.95% Aes Andres BV 05/2026 0.45%
6.5% Sasol Financing Usa Llc 09/2028 0.45%
5.65% Azure Power Solar Energy Pvt LTD 12/2024 0.44%
5.125% Sb Capital SA 10/2022 0.43%
7.75% United Bank For Africa PLC 06/2022 0.43%
5.375% Natura Cosmeticos SA 02/2023 0.43%
2.88% United Overseas Bank LTD 03/2027 0.43%
4.875% Greenko Dutch BV 07/2022 0.42%
4.25% Tower Bersama Infrastructure Tbk P 01/2025 0.42%
4.875% Eastern And Southern African Trade 05/2024 0.40%
4.25% Gerdau Holdings INC 01/2030 0.40%
4.875% Brf SA 09/2030 0.39%
4.25% Sociedad Quimica Y Minera De Chile 01/2050 0.38%
5.375% Eastern And Southern African Trade 03/2022 0.38%
6.125% Sakartvelos Kapitali Ss 03/2024 0.38%
6.75% Banco Mercantil Del Norte SA 12/2049 0.37%
4.05% Bangkok Bank Public Co LTD (hong K 03/2024 0.36%
5.125% Millicom International Cellular S. 01/2028 0.35%
5.375% Turkiye Is Bankasi AS 10/2021 0.35%
6.8% Yanlord Land (hk) Co LTD 02/2024 0.35%
6.75% Times China Holdings LTD 07/2023 0.34%
6.95% Mhp Lux SA 04/2026 0.33%
6.375% Fermaca Enterprises S De Rl De Cv 03/2038 0.33%
8.625% Ades International Holding PLC 04/2024 0.33%
4.5% Zahidi Limited 03/2028 0.32%
8% Ihs Netherlands Holdco BV 09/2027 0.32%
7.75% Mhp SA 05/2024 0.32%
4.25% Empresas Publicas De Medellin Esp 07/2029 0.31%
4% Grupo Bimbo Sab De Cv 09/2049 0.30%
4.5% Minera Mexico SA De Cv 01/2050 0.30%
4.875% Infraestructura Energetica Nova SA 01/2048 0.30%
5% Turkiye Is Bankasi AS 06/2021 0.30%
8.375% Dno Asa 05/2024 0.30%
6% Yuzhou Properties Co LTD 01/2022 0.29%
5.25% Koc Holding AS 03/2023 0.29%
6.75% Mexichem Sab De Cv 09/2042 0.29%
6.15% Perusahaan Perseroan (persero) Pt 05/2048 0.27%
7.875% Sunac China Holdings LTD 02/2022 0.27%
6.875% Cifi Holdings Group Co LTD 04/2021 0.26%
8.7% Zhenro Properties Group LTD 08/2022 0.26%
7.85% Times China Holdings LTD 06/2021 0.26%
6.875% Logan Property Holdings Co LTD 04/2021 0.26%
3.6% Huaneng Hong Kong Capital LTD 12/2049 0.25%
5.875% Yanlord Land (hk) Co LTD 01/2022 0.25%
6.267% Nakilat INC 12/2033 0.25%
8.75% Ypf SA 04/2024 0.25%
8.375% Gajah Tunggal Tbk Pt 08/2022 0.23%
3.875% Well Hope Development Limited 12/2049 0.23%
12.5% Zhenro Properties Group LTD 01/2021 0.23%
4.875% Empresa Nacional De Telecomunicaci 10/2024 0.23%
8.5% Ypf SA 07/2025 0.23%
7% Jbs Investments Ii Gmbh 01/2026 0.23%
5.4% Huafa Group 2018 I Company Limited 09/2021 0.22%
4.875% Melco Resorts Finance LTD 06/2025 0.22%
4.875% Cencosud SA 01/2023 0.22%
6.75% Banco Macro SA 11/2026 0.22%
6.375% Shimao Property Holdings LTD 10/2021 0.22%
2.75% Citic Securities Finance Mtn Co Lt 10/2022 0.21%
5.55% Greenko Solar Mauritius LTD 01/2025 0.21%
6.45% Cifi Holdings Group Co LTD 11/2024 0.21%
7.25% First Quantum Minerals LTD 04/2023 0.21%
7.1% Gcl New Energy Holdings LTD 01/2021 0.21%
5.25% Greenko Dutch BV 07/2024 0.21%
8.3% Yuzhou Properties Company LTD 05/2025 0.21%
5.375% Melco Resorts Finance LTD 12/2029 0.21%
8.75% Genneia SA 01/2022 0.21%
7.875% Zhenro Properties Group LTD 04/2024 0.21%
6.5% Sunac China Holdings LTD 01/2025 0.20%
8.5% Ypf SA 06/2029 0.19%
4.95% Ena Norte Trust 04/2028 0.19%
7.75% Metinvest BV 04/2023 0.18%
4.15% Industrias Penoles Sab De Cv 09/2029 0.18%
8.75% China Evergrande Group 06/2025 0.18%
7% Marb Bondco PLC 03/2024 0.18%
7.75% Aes Argentina Generacion SA 02/2024 0.18%
5.125% Gold Fields Orogen Holdings (bvi) 05/2024 0.18%
7.288% Gaz Capital SA 08/2037 0.18%
7.5% Logan Property Holdings Co LTD 08/2021 0.18%
4.625% Icd Funding LTD 05/2024 0.18%
11.125% Sakartvelos Banki Ss 12/2049 0.18%
11% Scenery Journey Limited 11/2020 0.17%
5.375% Thaioil Treasury Center Co LTD 11/2048 0.17%
9.15% Zhenro Properties Group LTD 05/2023 0.17%
7.375% Pampa Energia SA 07/2023 0.17%
6.5% First Quantum Minerals LTD 03/2024 0.17%
8.125% Theta Capital Pte LTD 01/2025 0.17%
7% Theta Capital Pte LTD 04/2022 0.17%
9.625% Ssb No 1 PLC 03/2025 0.14%
11.25% Kaisa Group Holdings LTD 04/2022 0.14%
7.75% Standard Chartered PLC 12/2049 0.14%
7.625% Cifi Holdings Group Co LTD 03/2021 0.13%
8.5% Kaisa Group Holdings LTD 06/2022 0.13%
8.5% Ypf SA 03/2021 0.13%
9.125% Pampa Energia SA 04/2029 0.12%
3.15% Teva Pharmaceutical Finance Nether 10/2026 0.11%
7.25% Petra Diamonds Us Treasury PLC 05/2022 0.11%
7% Ypf SA 12/2047 0.10%
5.95% Greenko Solar Mauritius LTD 07/2026 0.09%
10.775% Tbc Bank Jsc 12/2049 0.09%
7.75% Turkiye Is Bankasi AS 01/2030 0.09%
8.75% Logan Property Holdings Co LTD 12/2020 0.09%
10.95% Times China Holdings LTD 11/2020 0.09%
7.5% Sunac China Holdings LTD 02/2024 0.09%
9.375% Ssb No 1 PLC 03/2023 0.08%
6.75% Theta Capital Pte LTD 10/2026 0.08%
11% Davomas International Finance Comp 12/2100 0.00%
Expand

Risk 5 Years

(Updated: 01.31.2020)
Risk Fund Benchmark
Standard Deviation (%) 3.99 3.57
Sharpe Ratio 1.06
Information Ratio -0.15
Tracking Error (%) 1.02

Risk

Standard Deviation measures the variation of returns over a period of time. If the returns in average are close to the expected return, the Standard Deviation is low. If the returns in average are far from the mean, it is high. Typically bond funds have a lower Standard Deviation than equity funds.

Sharpe Ratio expresses how much a return on investment has generated compared to the historical risk. The figure is being used as a comparative figure to rank different risk-adjusted returns on investment. The higher the Sharpe Ratio, the better risk-adjusted returns on investment.

Information Ratio expresses how much outperformance a fund has generated in relation to the risk that has been relative to the benchmark. Information Ratio indicates the quality of the risk-adjusted to outperformance of a fund. The higher the Information Ratio, the better risk-adjusted performance on investment.

Tracking Error expresses the variation in the difference between the returns of the fund and the corresponding benchmark. Tracking Error is an expression of the Standard Deviation of the excess return. A low Tracking Error is equal to low volatility of the monthly performance, and a high Tracking Error is equal to high fluctuations.

Please note that there are no risk key figures for funds that are less than three years old.


Related News

Page of

Publications

Name Quarterly Investor Letter Key Investor Information Prospectus (EN) Prospectus (DE) Annual Report Product Sheet

Generate Product Sheet

Last updated: 02.25.2020