Fact sheet: Aviva SchGblCitRelEst Pn

Fund information
Fund name
Aviva Schroder Global Cities Real Estate Pn S14
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund manager
  • Jim Rehlaendersince 04/04/2008
Underlying fund
Schroder Gbl Cit Rel Est
Fund objective
To provide income and capital growth by investing at least 80% of its assets in equity and equity related securities of real estate companies worldwide which generate the majority of their earnings from real estate investment related activities. The Fund seeks exposure to companies that invest in cities that the manager believes will exhibit continued economic growth, supported by factors such as strong infrastructure and supportive planning regimes. The Fund may use derivatives with the aim of reducing risk and to managing the Fund more efficiently.
Benchmark
  • FTSE EPRA/NAREIT Global Real Estate Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
18.3%
1 Year rank in sector
28/59
Sector
PN Global Property
Yield
-
Fund size
£44m (£39m 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.
104
Bid price
149.57
Top in this sector
Fund name1 Year
OMW Aviva Asia Pacific Prp44.7%
L&G Gbl Real Estate Eq Ix Pn24.7%
L&G First State Asian Prp SecPn24.3%
FL L&G Gbl RealEstate EqIdx Pn24.2%
AXA Wealth BR Glb Prop TrkrPn23.7%
...more in PN Global Property

Performance snapshot

Holdings snapshot

  • USA54.5%
    Japan12.2%
    UK9.9%
    Hong Kong & China6.8%
    Australia6%
  • Real Estate98.8%
    Money Market1.2%
    Derivatives0%
  • International Equities98.8%
    Money Market1.2%
    Alternative Investment Strategies0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-3.7%9.8%18.3%44.4%-
Sector-0.4%-2.6%6.3%13.2%38.1%61%
Rank within sector25 / 6234 / 6029 / 6028 / 5919 / 55-
Quartile2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund14.5%5.1%19.8%-0.9%-
Sector10.8%5.5%17.6%2%15.3%
Rank within sector29 / 5914 / 5822 / 5539 / 55-
Quartile2nd1st2nd3rd
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.
-4.2
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.
1.53
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.
0.66
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%.
13.54
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.
5.12
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.
0.21
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.
0.97
Price movement
52 week high159.72
52 week low118.36
Current bid price149.57
Current offer price-
Current mid price-
Region
1USA54.53%
2Japan12.21%
3UK9.86%
4Hong Kong & China6.84%
5Australia5.99%
6France2.35%
7Sweden1.92%
8Canada1.85%
9Spain1.68%
Industry sector
1Real Estate98.79%
2Money Market1.21%
3Derivatives-
Asset type
1International Equities98.79%
2Money Market1.21%
3Alternative Investment Strategies-
Individual holdings
1SIMON PROPERTY GROUP INC5.81%
2ALEXANDRIA REAL ESTATE EQUITIES INC3.46%
3AVALONBAY COMMUNITIES INC3.46%
4ESSEX PROPERTY TRUST INC USD0.00012.88%
5WESTFIELD CORPORATION STAPLED (2UT 1ORD)2.78%
6LINK REAL ESTATE INVESTMENT TRUST UTS2.76%
7MITSUBISHI ESTATE CO2.75%
8MITSUI FUDOSAN2.74%
9WELLTOWER INC2.69%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To provide income and capital growth by investing at least 80% of its assets in equity and equity related securities of real estate companies worldwide which generate the majority of their earnings from real estate investment related activities. The Fund seeks exposure to companies that invest in cities that the manager believes will exhibit continued economic growth, supported by factors such as strong infrastructure and supportive planning regimes. The Fund may use derivatives with the aim of reducing risk and to managing the Fund more efficiently.
Benchmark
  • FTSE EPRA/NAREIT Global Real Estate Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Jim Rehlaender04/04/2008Jim Rehlaender is Managing Director, European Investors Incorporated (EII). EII are sub-advisor to the Schroder Global Property Securities products so Jim is not employed by Schroders. Schroders and EII formed an alliance in March 2005 to manage property securities products. He is responsible for the management of Asian and European property securities portfolios, and has overall responsibility for the sub-advisory management of the Schroders Global Property Securities products. Before joining European Investors in 2000, Jim founded Global Property Advisors - a global property securities investment manager. Previously he was also involved in real estate development, project finance, and investment advisory services at LaSalle Partners. He has 22 years of property investment experience, including 14 years property securities experience. He holds degree in Master of Business Administration, Northwestern University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Schroder Global Cities Real Estate Pn Inet
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price173.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBET8
Aviva Schroder Global Cities Real Estate Pn S14
Initial charge-
Annual charge0.75%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.95%
Bid price149.57
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS2S
Aviva Schroder Global Cities Real Estate Pn S6
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price194.74
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBET7
Data provided by

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