Posted inTop Trumps

Top Trumps: Global emerging markets fixed income – 30 October 2024

This week FSA provides a quick comparison of two GEM fixed income funds: the JGF-Jupiter Global Emerging Markets Short Duration Bond fund and the NB Short Duration Emerging Market Debt fund.
by Fund Selector Asia
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the NB Short Duration Emerging Market Debt fund defeats the JGF-Jupiter Global Emerging Markets Short Duration Bond fund: 4-2.

Jupiter

The fund aims to achieve long term income and capital growth.

Top 10 holdings:

  1. Prosus Nv 3.257% 19/01/27 (2.5%)
  2. Dar Al-Arkan Sukuk Company Ltd 6.75% 15/02/25 (2.3%)
  3. DP World Salaam 6% 31/12/79 (2.2%)
  4. South Africa (Republic Of) 5.875% 22/06/30 (2.2%)
  5. C&W Senior Financing Dac 6.875% 15/09/27 (2.0%)
  6. Otp Bank Nyrt 7.5% 25/05/27 (2.0%)
  7. Tengizchevroil Finance Company Int 3.25% 15/08/30 (2.0%)
  8. Abq Finance Ltd 1.875% 08/09/25 (2.0%)
  9. Bank Negara Indonesia Persero Tbk 4.3% 31/12/79 (2.0%)
  10. Bancolombia Sa 8.625% 24/12/34 (2.0%)

Neuberger Berman

The Fund aims to achieve a target average return of 3% over cash before fees over a market cycle (typically 3 years) by investing in a diversified selection of hard currency-denominated (defined as USD, EUR, GBP, JPY, CHF) short duration sovereign and corporate bonds (debt securities) issued in emerging (less developed) market countries.

Top 10 holdings:

  1. Colombia (Republic Of) (4.08%)
  2. Panama Republic Of (Government) (3.54%)
  3. Côte D’Ivoire (Republic Of) (3.36%)
  4. Romania (Republic Of) (2.17%)
  5. Angola (Republic Of) (1.84%)
  6. DIB Sukuk Ltd (1.75%)
  7. Argentina (Republic Of Government) (1.61%)
  8. Petroleos Mexicanos (1.56%)
  9. Dominican Republic (Government) (1.54%)
  10. Egypt (Arab Republic Of) (1.54%)

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