Fact sheet: Absolute Insight Currency

Fund information
Fund name
Absolute Insight Currency B3P GBP
Fund manager company
Insight Investment Management
Fund type
OEIC
Fund managers
  • Paul Lambertsince 01/12/2012
  • Max Wahlsince 01/02/2007
  • Richard Nibloesince 01/02/2007
Fund objective
The investment objective of the Fund is to seek to provide attractive, positive absolute returns in all market conditions.
Benchmark
  • LIBID GBP 3 month
Investment style
Macro
Investment method
Money Market
Quick stats
1 Year return
-3.3%
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Currency
Yield
-
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.
1.73%
Fund size
£264m (£245m 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.
25
Top in this sector
Fund name1 Year
CGS FMS Gbl Evl EM Debt & FX8.5%
Principal GIF GblTmDivAbRt8.3%
Amundi Abst Mac For-0.2%
Blackpoint Nemrod Euro-1.4%
NB Diversified Curr-1.8%
...more in FO Hedge/Stru Prod - Currency

Performance snapshot

Holdings snapshot

  • No data available.
  • A+59.9%
    AAA29.9%
    Money Market9.7%
    Others0.5%
  • Money Market75.4%
    Cash & Cash Equivalents24.2%
    Foreign Exchange0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%3%-0.1%-3.3%4.4%6.6%
Sector0%0.1%0.4%1%3.7%-4.2%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-2.6%3.4%2.8%3.3%-0.7%
Sector1.1%0.4%2.2%-6.5%-1.6%
Rank within sector-----
Quartile
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.
0.95
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.
0.43
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
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%.
4.75
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.
4.76
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.
0.03
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.
0.02
Price movement
52 week high1.14
52 week low1.07
Current bid price-
Current offer price-
Current mid price1.1
Region
No data available.
Industry sector
1A+59.93%
2AAA29.92%
3Money Market9.69%
4Others0.47%
Asset type
1Money Market75.36%
2Cash & Cash Equivalents24.17%
3Foreign Exchange0.47%
Individual holdings
1INSIGHT ILF GBP LIQUIDITY PLUS 27.78%
2BNP PARIBAS 0.3% CT OF DEP 03/01/17 GBP13.39%
3CP FMS WERTMANAGEMEN3.39%
4ZERO COUPON CD SUMIT3.38%
5SOCIETE GENERALE 0.38% CT OF DEP 31/01/17 GBP13.24%
6CD GROUP BPCE 0.57%3.02%
7CD MITSUBISHI UFJ TR3.01%
8CP REGIE AUTONOME DE3.01%
9DANSKE BANK A/S 0.52% CT OF DEP 09/05/17 GBP13.01%
Management
Fund manager group
Insight Invest Mgt (Gbl)
Fund manager company
Insight Investment Management
Fund type
OEIC
Fund objective
The investment objective of the Fund is to seek to provide attractive, positive absolute returns in all market conditions.
Benchmark
  • LIBID GBP 3 month
Investment style
Macro
Investment method
Money Market
Fund managers
NameSinceBiography
Paul Lambert01/12/2012Paul joined Polar Capital in November 2005 as Director of currency/macro strategies. He joined from Deutsche Asset Management (DeAM) where he was Global Head of Currency and the senior investor on a wider global macro platform. In addition to these roles, Paul was also the chair of DeAM's economic forum and a member of the fixed income portfolio selection team. Paul began his career in 1990 as an economist with the Bank of England. He has since held positions at UBS as a senior currency and proprietary desk strategist and with Citibank where he was the European Chief Currency Strategist.
Max Wahl01/02/2007Max joined Insight in April 2003 following its acquisition of RAM.Within the fixed income team, he is a member of the currency team which is responsible for currency allocation across ex-UK funds. Max joined RAM in 1998 as a graduate trainee within their international bond team. Max holds a BSc honours degree in Economics from the London School of Economics and Political Science and is an Associate Member of the CFA Society of the UK.
Richard Nibloe01/02/2007Richard joined Insight in April 2003 following the acquisition of Rothschild Asset Management Limited (RAM) as both a foreign exchange portfolio manager and dealer within our Currency Team. Richard's investment career began in 1985 when he joined the treasury division of NM Rothschild and Sons where he spent 13 years trading in a variety of areas, including foreign exchange and precious metals. He transferred to RAM's Trading Team in 1998 and progressed to be Assistant Director of foreign exchange dealing. He has considerable experience in trading differing instruments, including running options books and trading metals products.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Israel, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
Absolute Insight Currency AP EUR
Initial charge-
Annual charge1.5%
Min single investment£3,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price0.9885
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLTO9
Absolute Insight Currency AP GBP
Initial charge-
Annual charge1.5%
Min single investment£3,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price1.081
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEHJ9
Absolute Insight Currency AP SEK
Initial charge-
Annual charge1.5%
Min single investment£30,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1627
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0DK
Absolute Insight Currency AP USD
Initial charge-
Annual charge1.5%
Min single investment£4,500
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price1.0017
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNON8
Absolute Insight Currency B1p EUR
Initial charge4%
Annual charge1%
Min single investment£3,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.0848
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFAC9
Absolute Insight Currency B1p GBP
Initial charge4%
Annual charge1%
Min single investment£3,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1.0915
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB9D7
Absolute Insight Currency B2p EUR
Initial charge-
Annual charge0.85%
Min single investment£15,000,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.0463
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHQV6
Absolute Insight Currency B2p GBP
Initial charge-
Annual charge0.85%
Min single investment£15,000,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price1.0788
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFP7
Absolute Insight Currency B2p JPY
Initial charge-
Annual charge0.85%
Min single investment£2,500,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price103.4955
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code01BU
Absolute Insight Currency B3P EUR
Initial charge-
Annual charge0.75%
Min single investment£125,000,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.0656
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7B6
Absolute Insight Currency B3P GBP
Initial charge-
Annual charge0.75%
Min single investment£125,000,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price1.1003
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI9W1
Absolute Insight Currency B4p GBP
Initial charge4%
Annual charge0.65%
Min single investment£250,000,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0649
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJC4G
Absolute Insight Currency S EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)0.21%
Bid price-
Offer price-
Mid price1.0869
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0I48
Absolute Insight Currency S GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.19%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price1.4848
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBKQ9
Absolute Insight Currency S USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price1.1014
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0GP2
Data provided by

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